Aster, the native cryptocurrency of BNB chain-based decentralized permanent exchange Aster, has risen by more than 1,700% in a few days.
According to data from CoinMarketCap, Aster has increased by 1,677% over the past seven days. Aster Token fell nearly 35% on Monday as the broader crypto market led by Bitcoin was liquidated and its $1.7 billion position was cleared after reaching a record high of $1.97 on September 21.
At the press conference, Aster fell 11.11% over the past 24 hours, falling nearly 20% from the ATH set in Sunday’s trading session.
Aster (Aster) trading volume was $1,810,933,713 over the last 24 hours, down 20.5% from a day ago, indicating a recent decline in market activity.
Has Binance’s “CZ” been supported?
Binance Cofounder Changpeng “CZ” Zhao sometimes responds to tweets about X’s Aster, tweeting about it, sparking speculation in the Crypto community about Binance Founder’s involvement and support for the Aster project. However, this remains unknown at the time of reporting.
In a recent tweet, the Binance co-founder responded with applause emoji to Aster’s recent milestone, hitting $3 billion on a daily Perp Trading volume. On September 17th, Zhao congratulated Aster to X, writing, “Well done, good start. Keep building.”
Aster’s connection to the vinance ecosystem is clear. Aster is powered by Aster Chain, a privacy-centric L1 backed by YZI Labs.
The family office, tied to Binance Labs, the former venture capital arm of the exchange, and Binance co-founders Changpeng “CZ” Zhao and Yi He, rebranded it to Yzi Labs in January. According to the announcement, Zhao will coach and coach incubator startups.
