ASTER drops 16% after fake news links CZ to token sell-off

ASTER the native token of DEX Aster plunged 16.8% sliding from $1.03 to as low as $0.8566

amid the spread of ￰0￱ the time of publication ASTER traded at $0.9853 recovering the majority of its ￰1￱ daily trading volume surged around 16% to $674.7 million according to CoinMarketCap ￰2￱ token’s circulating supply is currently over 2.01 ￰3￱ now ranks as the 46th largest cryptocurrency by market ￰4￱ is a decentralized exchange (DEX) backed by YZi Labs

the crypto investment arm of Binance co-founder Changpeng “CZ” ￰5￱ DEX natively operates on four chains — BNB Chain Solana Ethereum and Arbitrum — enabling perpetual futures and spot ￰6￱ 24H price chart.) took a hard hit with a single liquidation of $21.42 ￰7￱ news links CZ to token sell-off On October 30

a rumor surfaced on X claiming that CZ had recently sold 35 million ASTER ￰8￱ quickly responded in a post dismissing the claims as “fake news.” Blockchain analytics service Lookonchain pointed out that the transaction was merely an internal transfer between Binance hot ￰9￱ rumor soon lost attention as the facts became ￰10￱ price analysis At the time of analysis the 14-period RSI reads around 45.5 showing weakening buying momentum while staying above oversold ￰11￱ MACD histogram is showing contracting negative bars

indicating that bearish momentum is slowing although not yet ￰12￱ 4-hour technical price chart.