Former Binance CEO Changpeng Zhao (CZ) has denied studies alleging he bought an enormous amount of ASTER tokens.
The rumors originated from a Riyadh-based crypto advocate often known as Farzad, who claimed Zhao had liquidated 35 million ASTER tokens value roughly $30.42 million.
The submit quickly circulated on X and different crypto boards, igniting hypothesis amongst merchants. Given Zhao’s status and market affect, the allegation drew fast consideration.
CZ Calls the Stories False
Zhao was fast to dismiss the claims, taking to X to explain the studies as “Faux Information.” He suggested his 10.4 million followers to “unfollow the fellows posting faux information.”
His direct response aimed to calm market contributors and counter misinformation surrounding his alleged transactions.
4. Faux information!
Unfollow the fellows posting faux information. pic.twitter.com/Os8dF0dSjh
— CZ 🔶 BNB (@cz_binance) October 31, 2025
Blockchain Evaluation Confirms No Sale Took Place
Blockchain investigator EmberCN later validated Zhao’s denial by way of an in depth on-chain evaluation. The analyst discovered no proof of ASTER token gross sales linked to Zhao’s accounts.
EmberCN defined that the supposed transactions have been routine transfers between Binance sizzling wallets, not private trades by Zhao. One pockets handle, 0x889, had been incorrectly recognized as Zhao’s, which led to the misunderstanding.
In a public submit on X, EmberCN clarified that “there are not any corresponding on-chain transfers” matching the alleged sale and confirmed the actions have been inner Binance transactions.
ASTER Faces Market Stress Regardless of Clarification
Though the rumor was refuted rapidly, the ASTER token continued to face downward strain. As of press time, ASTER traded at $0.9379, down 8.81% up to now 24 hours, based on CoinMarketCap.
Notably, ASTER, the native token of decentralized change Aster, has drawn vital consideration since its launch on September 17, 2025. It debuted at a token technology occasion (TGE) worth of $0.02.
Following Zhao’s public endorsement, the token’s worth surged over 10,000%, reaching an all-time excessive of $2.42 on September 24, 2025. Nevertheless, the token has since declined 61.31% from that peak.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article could embody the creator’s private opinions and don’t replicate The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding selections. The Crypto Fundamental just isn’t answerable for any monetary losses.
