Aster jumps 10% after CZ buys 2 million tokens, but whales are short

Aster’s price jumped 10% in the past 24 hours to trade at $1.25 as of 4 a.m. ET on trading volume that exploded 1,190% to $2.6 billion.

The price of ASTER jumped sharply after Binance co-founder Changpeng Zhao, known by his nickname CZ, made a surprise announcement on social media.

“Full disclosure,” he said. “I just bought Aster today, with my own money, on Binance. I am not a trader. I buy and hold.”

This comment brought a lot of attention to ASTER, with many seeing it as a huge vote of confidence from one of the biggest names in crypto.​

The price jumped 27% as traders rushed to buy. Shortly before the peak, the price drifted near $0.91 and then went parabolic to a high of $1.26 in just a few hours.

Full disclosure. I just bought some Aster today, with my own money, on @Binance.

I am not a trader. I buy and I keep. pic.twitter.com/wvmBwaXbKD

– CZ 🔶BNB (@cz_binance) November 2, 2025

The rally isn’t just driven by retail buyers, and derivatives trading has soared. ASTER’s open stake jumped 70%, reaching over $781 million. Most Binance traders remained bullish, with ASTER’s long-to-short ratio at 1.9, meaning there were almost twice as many long positions as short positions.

But two whales are short ASTER

However, not all traders agreed with this hype. Two whales have stepped in and opened large shorts on Hyperliquid, a leading crypto exchange. A whale placed $49.17 million in shorts, using 3x leverage. The second added a short position of $18.45 million, bringing their combined positions betting on ASTER to $71 million.​

JUSTIN: Opening of the hyperliquid whale $ASTER 3x short position valued at $49.17 million, shortly after CZ publicly revealed on X that he had purchased the token.

0x9eec98d048d06d9cd75318fffa3f3960e081daab pic.twitter.com/EJnXLnkzmE

– Whale Insider (@WhaleInsider) November 2, 2025

Aster Price Faces Whale Shorts, Speculation Grows

Aster price has quickly become the focus of both bullish and bearish traders. As the price climbed after the CZ purchase, these short whale positions sparked caution and speculation about the next move. The largest short sale opened at $1.18, then rose to over $52 million as the whale continued to rise.

The liquidation price of this position was $2.09, meaning that if ASTER climbs much higher, the whale could lose everything. Traders are now closely watching who will win: the Binance bulls or the whales betting against them.​

On-chain data showed a massive surge in ASTER volume, with over $3 billion traded as whales and small traders fought for control.

The attention also sparked a brief delisting of ASTER on DefiLlama after questions about reporting volume, but optimism returned as more analysts covered the rise. Despite huge short bets, Binance users mostly stayed net, hoping to make further gains.​

Aster technical analysis

Looking at the ASTERUSDT price chart, the coin’s price is sitting near $1.05 after the massive rebound. Resistance is now marked at $1.25, which was the recent high. Support lies at $1.05 and the next lower area is near $0.85.

ASTERUSDT analysis source: Tradingview

Short-term action shows price holding just above the 50-hour and 200-hour simple moving averages at $1.036 and $1.048, providing further support to buyers. With price just above these key lines, momentum is neutral but mostly bullish.​

The relative strength index (RSI) stands at 44, meaning ASTER is neither overbought nor oversold. Buyers have some room to push higher before they become exhausted. The MACD (Moving Average Convergence Divergence) has turned slightly negative, which may signal weak momentum or a brief pullback, corresponding to short bets from whales.

However, with high volume and the price above long-term support, any decline could attract new buyers.

The Chaikin Money Flow (CMF) indicator is positive at 0.22, suggesting that money continues to flow into ASTER, contributing to price stability. If momentum returns with high volume, ASTER could retest resistance at $1.25 and, with enough buying, break out towards $1.28 and beyond.

If sellers take over, price could retest support at $1.05 and possibly lower, at $0.85. But as long as ASTER stays above its moving averages, bullish momentum has a chance.

With CZ’s buy-and-hold message, many traders remain optimistic about the coin’s price, believing that the rally could continue if more buyers step in. At the same time, whales are betting big on a reversal. This tug-of-war has paved the way for high volatility in the coming days.​​

If ASTER breaks through the $1.25 resistance, new highs could come quickly. If it falls, weaker supports could trigger new buying interest or more aggressive whale short sales. For now, the coin price story depends on which side blinks first.

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