Analysts Debunk Viral Claim of CZ Selling $30 Million in $ASTER Tokens Amid Aster’s Tokenomics Update

Crypto Twitter went wild earlier today after a viral “screenshot” by X user @FarzadXBT claimed that Binance founder CZ sold $30 million worth of $ASTER ￰3￱ image quickly made the rounds, until blockchain analysts stepped in and tore it ￰4￱ Viral Claim The screenshot showed what looked like a massive sell-off: CZ supposedly dumping 35 million $ASTER tokens from his personal ￰5￱ timing? “This morning,” according to the image. Except… it never ￰6￱ screenshot used real Binance hot wallet transactions from the past week but with a doctored ￰7￱ image editor swapped out Binance’s official wallet address, 0x8894E0a0c962CB723c1976a4421c95949bE2D4E3, for a fake “CZ wallet.” That small change made it look like the transfers came directly from CZ ￰8￱ IN: CZ Linked Wallet sells 35,000,000 $ASTER worth $30.42 ￰9￱ — Farzad (@FarzadXBT) October 30, 2025 Analysts Call It Out Blockchain analysts @EmberCN and @lookonchain were quick to fact-check the claim, and their findings were clear.

“It says here that CZ sold 35 million $ASTER, but I checked the on-chain ￰10￱ are no corresponding transfers as mentioned,” EmberCN ￰11￱ supposed “CZ sell” transactions? They actually corresponded to internal Binance hot wallet movements, not personal transfers. 这里说 CZ 出售了 3500 万枚 $ASTER ，不过我看了下链上数据，并没有他提到的对应链上转移。 对应到他提到的这三笔 $ASTER 转移，实际是币安热钱包之间的互转。有人把 0x889 这个币安热钱包 P 成了 CZ 的钱包。 ￰0￱ 这里把数量设置 1000 万枚以上，就可以看到。 本文由… ￰1￱ ￰12￱ — 余烬 (@EmberCN) October 31, 2025 “Someone mistook the Binance wallet 0x889 for CZ’s wallet,” confirmed ￰13￱ news! The 31.84M $ASTER ($34.53M) transfer was between #Binance hot wallets and has nothing to do with CZ( @cz_binance )'s wallet. ￰2￱ ￰14￱ — Lookonchain (@lookonchain) October 31, 2025 CZ didn’t waste time addressing the ￰15￱ his typical direct tone, he jumped on X to shut it down: “Fake ￰16￱ unfollow people who spread this nonsense.” That’s about as clear as it ￰17￱ news!

Unfollow the guys posting fake ￰18￱ — CZ BNB (@cz_binance) October 31, 2025 The Real Aster Update While FUD spread on social media, the Aster team dropped a genuine update, one that had nothing to do with CZ but could have a real impact on $ASTER’s ￰19￱ a statement, Aster announced refinements to its ongoing buyback and airdrop model as part of its effort to strengthen long-term value. Here’s the breakdown: 50% of all buybacks (S2 and S3) in the public buyback address will be burned, permanently reducing supply and reinforcing $ASTER’s market ￰20￱ remaining 50% will move back to the locked airdrop address, effectively reducing circulating supply and allowing more allocation for future ￰21￱ means more rewards for long-term holders and genuine Aster users, and less supply pressure ￰22￱ part of our ongoing efforts to enhance Aster’s token economy, we’re refining the S3 buyback and airdrop model to deliver stronger, long-term value for both users and holders: • 50% of all buybacks, including S2 and S3, in the public buyback address will be burned — reducing… — Aster (@Aster_DEX) October 31, 2025 Behind the Buyback Strategy Aster has been executing its S3 buyback plan, which focuses on strengthening its token economy after the earlier S2 ￰23￱ goal is straightforward, make $ASTER more sustainable by balancing deflationary burns with community-focused ￰24￱ 50-50 split model ensures that half the tokens get permanently removed from circulation, while the rest go toward rewarding loyal users who hold and stake $ASTER.

This approach not only enhances liquidity control but also creates a more resilient long-term ecosystem, especially in times of heightened speculation and fake ￰25￱ Reactions Despite the false sell-off rumor, $ASTER remained relatively stable in ￰26￱ to CoinMarketCap data, $ASTER was trading below $1 following the sell off saga, as investors realized the “CZ sell” story was a hoax, price is slightly ￰27￱ quick debunk from major analysts and the transparency from Aster’s team helped cool the panic. Still, the incident served as a reminder of how easily misinformation spreads in the fast-paced world of ￰28￱ from the Chaos This episode highlights a growing issue in the industry, fake on-chain ￰29￱ tools like Photoshop and basic blockchain explorers, anyone can craft a convincing “leak.” But as this case showed, on-chain truth always wins when verified by reputable trackers like Lookonchain and ￰30￱ also showed CZ’s consistent stance on ￰31￱ it’s a market rumor or an exchange controversy, his first response is to call out fake narratives directly, not let them ￰32￱ Aster, the timing might have been inconvenient, but the fundamentals speak louder than ￰33￱ its evolving buyback and burn system, Aster is doubling down on its mission, to reward loyal holders and maintain long-term value ￰34￱ the crypto space matures, such mechanisms, along with fast-acting transparency from leaders, are what separate real projects from noise.

Disclosure: This is not trading or investment ￰35￱ do your research before buying any cryptocurrency or investing in any ￰36￱ us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !