28.09.2025 10:19
Binance founder Changpeng Zhao (CZ) has unequivocally dismissed persistent rumors linking him directly to Aster DEX, a decentralized exchange that has recently surged into prominence with remarkably high trading volumes. On September 27, Zhao took to a Twitter Spaces session to address the swirling speculation head-on, firmly stating that neither he personally nor Binance, the company he founded, holds any official affiliation with the rapidly expanding platform.
During his candid discussion, CZ meticulously clarified that while his venture capital arm, YZi Labs, does possess a minor equity stake in Aster, he maintains no personal financial investment in the exchange. He further acknowledged that the presence of several former Binance employees now working on the Aster project might have inadvertently fueled assumptions about his deeper involvement. Reaffirming his stance, Zhao declared, "I don’t have personal investments in Aster, and Binance as a company is not involved," seeking to quash what he described as exaggerated claims emanating from various internet sources.
This decisive denial arrives as Aster DEX continues its astonishing ascent within the cryptocurrency market. Built upon the robust BNB Chain, this innovative multichain perpetuals exchange recently reported an astounding $46.9 billion in 24-hour trading volume. Such unprecedented activity has propelled its market capitalization to an impressive $3.4 billion, cementing its status as one of the most hotly discussed protocols throughout the current month.
The exchange's native token, ASTER, experienced a breathtaking rally last week, soaring by over 2,200% before mirroring a broader market cool-down. Currently, the token hovers around the $1.98 mark, retreating from its peak of $2.40. Market analysts are closely watching the $2.00 to $2.20 range, identifying it as a crucial support level; a failure to hold this zone could trigger a retest closer to $1.80, where new buying interest is anticipated to emerge.
For the time being, it appears Aster's robust fundamentals and remarkable growth narrative, rather than any whispered backing from CZ, are predominantly steering its trajectory. Nevertheless, given the project’s extraordinary momentum and the intense spotlight it has garnered, it is highly probable that speculation surrounding its origins and influential connections will continue to captivate the crypto community for the foreseeable future.
