DEX token ASTER Jumps 20% After 2M Token Purchase From Pardoned Binance Founder CZ

Core Insights - Binance founder Changpeng Zhao (CZ) purchased over $2 million worth of DEX token ASTER, leading to increased speculative demand in the market [1] - The ASTER token experienced a significant price surge, rising from $0.91 to a peak of $1.26 following CZ's endorsement and purchase [4] Market Activity - On-chain data indicates that ASTER's wallet has accumulated large amounts of USDT, making it one of the largest wallets on the BNB Chain [1] - Two whales have increased their short positions in ASTER, with one whale profiting $5.9 million and another $1.4 million [2] - A whale withdrew $5.58 million worth of ASTER tokens from Binance, totaling 6.8 million ASTER tokens withdrawn over six days [2] Token Performance - ASTER token saw a 20% increase after a previous decline of 11% last month, with its total value locked (TVL) dropping nearly 25% since October 10 [3] - The recent surge in ASTER's price is attributed to CZ's influential endorsement and his recent purchase of the token [4] Regulatory Context - CZ's purchase of ASTER comes after he received a pardon from US President Donald Trump, following his guilty plea related to anti-money laundering compliance at Binance [5]