ASTER Token Surges as CZ Slams $30M Token Sale Rumors as ’Fake News’

Fake news meets real gains as ASTER defies market skepticism.

CZ's Denial Fuels Rally

Binance CEO Changpeng Zhao just torched circulating rumors about a massive $30 million token dump—calling it pure fiction. The market responded instantly, sending ASTER prices climbing while traders scrambled to reposition.

Market Reactions & Price Action

Trading volumes spiked as the denial spread across crypto channels. The token's recovery showcases how quickly misinformation can trigger volatility—and how authoritative clarifications can reverse sentiment overnight.

Trust, Rumors, and Crypto Economics

Another day, another unsubstantiated claim shaking digital asset markets. At least this time, transparency won—proving that in crypto, sometimes the best trade is betting against the rumor mill. Because when has financial gossip ever been reliable anyway?

TLDR:

• Rumors claimed Binance founder CZ sold $30M in ASTER tokens.

• CZ denied the claims, calling them “fake news.”

• Blockchain data confirmed no ASTER sale occurred.

• The misunderstanding came from internal Binance wallet transfers.

• ASTER price still fell 8.81% despite clarification.

Binance founder Changpeng Zhao (CZ) has refuted allegations that he sold $30 million worth of ASTER tokens. The reports, which spread rapidly on X, originated from a Riyadh-based crypto advocate named Farzad, who claimed Zhao liquidated 35 million ASTER tokens.

4. Fake news!

Unfollow the guys posting fake news. pic.twitter.com/Os8dF0dSjh

— CZ 🔶 BNB (@cz_binance) October 31, 2025

The rumor gained quick traction among traders given CZ’s influence in the crypto market. However, Zhao swiftly responded, labeling the claims as “Fake News” and advising his 10.4 million followers to “unfollow the guys posting fake news.” His direct rebuttal aimed to calm speculation and protect market sentiment around ASTER.

Blockchain Data Proves No Sale Happened

Shortly after Zhao’s denial, blockchain investigator EmberCN conducted a detailed on-chain analysis that fully supported CZ’s statement. EmberCN found no evidence of ASTER token sales linked to Zhao’s wallets.

According to the investigation, the transactions that sparked the rumors were routine Binance hot wallet transfers, not personal trades. A wallet address ending in 0x889 was mistakenly identified as belonging to CZ, which led to widespread misinformation.

EmberCN clarified on X that “there are no corresponding on-chain transfers” confirming any sale and noted that all token movements were internal Binance operations.

ASTER Price Reacts Despite Clarification

Even after the denial and blockchain confirmation, the ASTER price continued to experience selling pressure. At press time, ASTER traded at $0.9379, down 8.81% in the past 24 hours, according to CoinMarketCap data.

The ASTER token—native to the decentralized exchange Aster—has been one of the most volatile assets since its launch on September 17, 2025. It debuted at a TGE price of $0.02 and soared more than 10,000% after receiving early endorsement from CZ, hitting an all-time high of $2.42 on September 24, 2025.

$ASTER chart looking primed reclaiming $1 and pushing back up.

Still wildly undervalued when you compare the fundamentals.

It’s generating volume and traction comparable to Hyperliquid… yet trades are at valuation.

That kind of mispricing doesn’t last long.

This setup… pic.twitter.com/OYgYJZquNI

— Fyre (@fyrechartz) October 31, 2025

However, the token has since dropped over 61% from that peak as speculative HYPE cooled. The recent rumor only added to short-term volatility despite the lack of factual basis.

Market Sentiment and Next Steps

The episode highlights how misinformation can spread rapidly across crypto markets—especially when it involves high-profile figures like CZ. Despite the false reports, ASTER’s fundamentals remain unchanged, and no verified evidence suggests insider selling.

As blockchain data continues to disprove the claims, investor focus may shift back toward Aster’s ecosystem growth and exchange volume rather than social media speculation.