Aster DEX has exploded onto the crypto scene with eye-catching volumes, but the project’s rapid rise has also drawn rumors linking it to Binance founder Changpeng Zhao.
On September 27, CZ addressed the speculation directly in a Twitter Spaces session, stressing that neither he nor Binance has any official ties to the exchange.
CZ clarified that while his venture arm YZi Labs holds a small stake, he has no personal investment in Aster. He added that a handful of ex-Binance employees now working on the project may have helped fuel assumptions of his involvement. “I don’t have personal investments in Aster, and Binance as a company is not involved,” he said, pushing back against exaggerated claims.
The denial comes as Aster records staggering growth. Built on BNB Chain, the multichain perpetuals exchange recently registered $46.9 billion in 24-hour trading volume, giving it a market cap of $3.4 billion. The speed of its rise has made it one of the most talked-about protocols in the market this month.
Aster’s token, ASTER, soared over 2,200% last week before cooling alongside the broader market. The token is now trading around $1.98 after hitting highs of $2.40. Analysts say holding the $2–$2.20 range is key; if support fails, a retest near $1.80 could follow, where new buyers may step in.
For now, Aster’s fundamentals – not CZ’s rumored backing – are driving its story. But with such unprecedented momentum, speculation around the project is unlikely to fade anytime soon.
