Aster extends decline despite CZ denial of $30 million sell-off

The price of Aster’s token dropped by almost 10% after Binance founder Changpeng Zhao was rumored to have dumped over 34 million ￰0￱ and spot crypto decentralized exchange Aster’s token is experiencing a market slump, down by almost 7% in the last 24 ￰1￱ market downturn comes on the backdrop of an X post from well-followed crypto investor FarzadXBT late Thursday, claiming that a “CZ Linked wallet” let go of about $30 million worth of ￰2￱ news! Unfollow the guys posting fake ￰3￱ — CZ 🔶 BNB (@cz_binance) October 31, 2025 Zhao himself took to X to debunk Farzad’s update , asking his followers to “unfollow the guys posting fake news.” However, the Binance CEO’s confirmation that he did not sell Aster tokens , coupled with a confirmation from Lookonchain that the transfer had nothing to do with CZ, was not enough to stop the profit ￰4￱ in free-fall mode, reasons beyond CZ rumors According to several market watchers, ASTER is in a “freefall mode” after breaching its psychological support at $1.00, aided by the whole Zhao ￰5￱ token is barely holding on to the $0.93 level, the lower bound of its recent consolidation ￰6￱ though investors would like to blame the fake news brigade, ASTER has been struggling to peak $1.20 the whole of this business ￰7￱ $1.00 level has now flipped from support to resistance, a bearish signal that could invite further downside if momentum fails to ￰8￱ to market data from Coingecko tracked during Friday’s early Asian trading sessions, the DEX token traded roughly 18.8% below its 20-day exponential moving average, treading far away from its highest level this week by about 15.7%.

Aster’s price was consolidating around $0.94 at the time of this publication, after trading volumes cooled slightly after the morning’s ￰9￱ will be holding off on making any decisions to look for signs of a loss-profit reversal towards a close above $1.00, before they can definitively act on their ￰10￱ TVL over $1.5 billion amid token price bloodbath While the token’s market value suffered, DefiLlama, a DeFi analytics tracker, reported that Aster’s total value locked (TVL) has reached approximately $1.577 billion, and the total fees collected in the last month hit $131 ￰11￱ recorded over $71 billion in perpetual trading volume and $618 million in spot exchange transactions in the week ending Friday, per DefiLlama’s ￰12￱ DEX announced progress on its ongoing token buyback program in an X post last Wednesday, saying that all Series 3 (S3) buybacks are being conducted entirely on-chain.

“The on-chain buyback is currently in progress and will continue daily until the target range of 70% to 80% of the trading fees generated during S3 is reached,” Aster’s official X account ￰13￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.