🔥 Why Did ASTER Suddenly Surge?
On November 2nd, $ASTER
just increased 35% in 1 day after Changpeng Zhao (@CZ ) — founder of Binance — publicly tweeted that he just bought 2 million $ASTER at a price of $0.913, equivalent to $2.5M USD
This is not a random pump. This is a strategic endorsement from one of the most influential people in crypto.
📊 Basic Data
Criteria Details
Token $ASTER
Blockchain BSC (Binance Smart Chain)
Current Price $1.055 (up 14.83% in 24h)
Market Cap $2.13B (Rank #60)
FDV $8.41B
24h Volume $94M
🎯 What is ASTER?
$ASTER is the native token of Aster DEX — a decentralized perpetual exchange (perp DEX) built on BSC.
What is Aster DEX?
The perpetual futures trading platform is completely on-chain
Directly competing with Hyperliquid (on Solana)
Supports leverage trading with deep liquidity
Supported by YZi Labs (investment firm)
CEO : Leonard Aster (@Leonard_Aster)
Why is CZ Interested?
CZ built Binance from 0 to $100B+ valuation. He sees Hyperliquid (perp DEX on Solana) growing rapidly. Aster is a perp DEX on BSC — an opportunity for CZ to replicate the CEX dominance strategy but in a decentralized form.
According to a recent interview, Leonard Aster said: "CZ is not a manager, but he is an advisor. He helps us avoid mistakes he has made before."
📈 Current Technicals (Short-Term)
Support Levels:
$0.82-0.85 ← Most recent bottom (4/11) — strongest support
$0.91-0.95 ← Medium-term support area
$1.02-1.04 ← Nearest support
Resistance Levels:
$1.10-1.15 ← Short-term resistance
$1.25-1.30 ← Medium-term resistance
$1.45-1.50 ← Strong resistance (October peak)
$2.21 ← ATH (6/10/2025)
Volume & Momentum:
24h Volume : $94M (up from 718M → 1.52B in the last 2 days)
RSI : 86.7 (overbought ⚠️ — warning pullback)
Trend : Recovering from a low of $0.82, up +28% in 2 days
Wick Analysis:
Long upper wick at $1.25 (3/11) → Strong selling pressure in this area
Deep lower wick down to $0.82 (4/11) → Could be stop-hunting or liquidation sweep
This indicates: The market is testing support/resistance, no clear trend yet
⚠️ RISKS TO BE AWARE OF
1. Is Valuation Too High?
Market Cap : $2.13B
FDV : $8.41B
Circulating Supply : Only ~20% (80% still locked)
If unlocking occurs, selling pressure will be very high. According to Nansen, on October 13, 320M ASTER was moved from multisig → vault, then 399M was sent to Binance. The price crashed 60% afterward.
2. Holder Concentration
Top 10 holders hold ~1.5% of the supply (relatively dispersed). However, 3 multisigs hold 67.28% — this could be a risk if unlock is not well managed.
3. Profit-Taking Pressure
Those who entered at $0.82-0.90 are making a profit of 15-30%
Those who entered at $0.50-0.70 (early buyers) are making a profit of 50-100%+
They will sell when the price tests $1.10-1.15
4. Market Condition Risk
Today (5/11), the entire crypto market crashed with $1.27B liquidation. ASTER may be dragged down.
5. What is the "Anti-CZ Whale" Doing?
A famous whale known as "Anti-CZ Whale" has opened a short of 5200 USDT with 3x leverage at $1.208, currently profiting $165K. If ASTER rises to $2+, this whale will be liquidated, potentially triggering a short squeeze.
🎯 SCENARIOS THAT MAY OCCUR
Scenario Probability Target Conditions Bullish 55% $1.30-1.50 Maintain $1.02, volume increases, CZ continues support Neutral 30% $0.95-1.10 Consolidation, waiting for new signal Bearish 15% $0.70-0.85 Break below $0.82, market crash, unlock dump
💡 POINTS TO WATCH
✅ If exceeding $1.15 : May test $1.30-1.50 (bullish signal)
✅ If losing $1.02 : Pullback to $0.91-0.95 (consolidation)
✅ If break $0.82 : May test $0.70-0.75 (bearish signal)
✅ Token Unlock : Monitor the unlock schedule. If there is a large unlock, warning of a dump
✅ CZ's Next Move : Will he continue to buy dip or sell top? CZ's Twitter is an important indicator
✅ Perp DEX Narrative : If Hyperliquid rises, ASTER will follow. If Hyperliquid crashes, ASTER will be hit hard.
🤔 TRADING STRATEGY
If You Want to Enter:
Entry Point : $0.95-1.00 (waiting for pullback)
Stop Loss : $0.80 (below strong support)
Take Profit 1 : $1.15-1.20 (short-term)
Take Profit 2 : $1.40-1.50 (medium-term)
Position Size : Only 2-3% portfolio (high risk)
If You Have Entered:
Profit-Taking : At $1.15-1.20 (sell 50%)
Hold: 50% remaining for long-term (mainnet play)
Stop Loss : Absolutely do not hold below $0.80
If You Haven't Entered:
Waiting for a pullback to $0.95-1.00 before entering
Or wait for a break of $1.15 to confirm the uptrend
📊 COMPREHENSIVE ANALYSIS
Strengths: ✅ CZ backing (credibility + capital)
✅ Perp DEX narrative is hot (Hyperliquid, Lighter, etc.)
✅ 62 exchange listings (good liquidity)
✅ Recovering from the bottom (positive momentum)
Weakness: ❌ High valuation (FDV $8.4B)
❌ 80% of supply still locked (unlock risk)
❌ RSI overbought (upcoming pullback)
❌ Market crash today (headwind)
❌ "Anti-CZ Whale" is shorting (liquidation risk)
Conclusion: ASTER is a high-risk, high-reward play. If CZ continues support and the perp DEX narrative remains strong, it could test $1.50+ in 2-4 weeks. But if unlocking occurs or the market crash continues, it could drop to $0.70-0.80.
Suitable for: Active traders, risk-takers, those who believe in the perp DEX narrative.
Not suitable for: Conservative investors, long-term holders (no mainnet yet).
🎯 QUESTION FOR YOU
Are you holding ASTER? At what price did you enter? Do you believe in CZ's vision for perp DEX? Comment below to let me know your strategy! 👇