CZ indeed has been trapped in the short term with $ASTER , and he even took the initiative to joke about it.

At the beginning of November, he first bought 2.09 million ASTER at an average price of about $0.913, and once the news came out, the price of ASTER surged to $1.25 within an hour. However, just two days later, the price dropped back, and after he increased his holdings, he found himself directly trapped. Now ASTER has fallen to $0.79, which is quite a difference compared to the high point after he initially bought in, meaning he is even more trapped.

However, CZ himself seems not to be worried at all, and he specifically emphasized that he is not a trader; buying coins is about holding them for the long term. Previously, he also experienced short-term trapping with $BNB , but in the end, he made a good profit by holding it for the long term. Moreover, his backer, YZi Labs, is one of the early incubation institutions for Aster, and his optimism about this project is a long-term strategic matter; short-term price fluctuations may not be a big deal for him. #CZ