Binance Founder’s Denial Fails to Halt Aster Token’s 10% Slide Amid Market Rumors
The cryptocurrency market witnessed significant turbulence as Aster Token extended its decline despite Binance founder Changpeng Zhao's public denial of involvement in a reported $30 million sell-off. The token's value dropped nearly 10%, breaching the crucial psychological support level at $1.00 and settling around $0.93. This downward spiral was triggered by unsubstantiated rumors circulating through crypto influencer channels, particularly allegations from FarzadXBT claiming that a wallet linked to CZ had liquidated approximately 34 million ASTER tokens. The market reaction highlights the continued sensitivity of cryptocurrency prices to social media speculation and influencer commentary, even when such claims are promptly refuted by major industry figures. Binance's CEO moved quickly to address the allegations, but the denial failed to reverse the selling pressure that had already taken hold in the market. This incident underscores the volatile nature of decentralized exchange assets and the powerful impact that perceived large-scale movements by prominent industry players can have on token valuations. The situation also demonstrates how quickly misinformation can spread within crypto communities and the challenges faced by legitimate projects in maintaining stability during periods of unfounded speculation. As the market continues to process these developments, investors are closely watching whether Aster Token can recover from this technical breakdown or if further downside pressure will emerge in the coming trading sessions.
Aster Token Extends Decline Despite CZ's Denial of $30 Million Sell-Off
Aster's token continues its downward spiral, shedding nearly 10% following unsubstantiated rumors that Binance founder Changpeng Zhao liquidated 34 million coins. The decentralized exchange's asset now hovers at $0.93, breaching critical psychological support at $1.00.
Market turbulence intensified after crypto influencer FarzadXBT alleged a CZ-linked wallet dumped $30 million worth of ASTER. Binance's CEO swiftly countered on X, dismissing the claims as "fake news" and urging followers to unfollow purveyors of misinformation. Blockchain analytics firm Lookonchain corroborated Zhao's denial, confirming the disputed transactions weren't tied to his accounts.
The token's weakness predates the controversy, having failed all week to break through the $1.20 resistance level. Technical analysts note the $1.00 threshold has now flipped from support to resistance, suggesting deeper structural issues beyond the rumor-driven selloff.
Why Did BNB Coin Price Pump? Binance BTC and ETH Transfer Exposed
The cryptocurrency market is abuzz with speculation following a notable price surge in BNB coin. Attention has turned to Binance after revelations of significant BTC and ETH transfers, though the full context remains unclear.
Market observers are connecting these movements to BNB's recent performance, suggesting potential institutional activity or exchange-related developments. The lack of official commentary from Binance has only intensified scrutiny.
KITE AI Airdrop and Binance Alpha Listing Spark Market Interest
Binance Alpha's upcoming listing of KITE tokens on November 3, 2025, has ignited significant buzz in the crypto community. The exchange has launched a dedicated launchpool, allowing users to farm and claim KITE airdrops ahead of the official trading debut.
The strategic MOVE capitalizes on growing demand for AI-related crypto projects, positioning KITE as a potential leader in the niche. Market observers note the timing aligns with broader institutional interest in tokenized AI infrastructure.
