Bitcoin Forum

In my 13 years on CT, I can’t recall CZ ever posting any token chart besides BNB. Yet today, he dropped a cryptic post: “Well done! 👏 Good start. Keep building!” — alongside the chart of $ASTER, the token of AsterDex, a perp DEX on BNB Chain.

Some context worth noting:

1. Hyperliquid has been eating into Binance’s market share in perps.


2. HL’s market cap already sits at $15.6B with $2.7T cumulative trading volume in under a year.


3. HL’s open interest is around $14.9B and annual revenue $1.175B.



Make of these numbers what you will and now imagine the market impact if Binance aligns itself with a perp DEX on its own chain.

I just think that he can't ignore hyperliquid and he knows sooner or later perp dex will become mainstream.

It's a good news for me as well because I've been using perp dex for long and the more liquidity those perp dex have, the better it is and right now I think CZ just want to create competition for HL for on chain perp dex with aster.
After all, $2.7 trillion trading volume is massive.

Hyperliquid is not a DEX. It is centralized but it does not require KYC and you can make use of web3 means of payment but it also support web2.

It also requires easy means to have access which can be through connecting your noncustodial wallet or by email.

Just like PnacakeSwap?

I have seen perspective future on Pancakeswap before, and also onchain spot trading.

I got a bit curious about Aster, and I saw on CoinGecko that just yesterday its price was at $0.099, then it suddenly pumped to $1.27, and then dumped quickly as well.
So most likely, it will go into a consolidation phase, though we don’t know how many weeks that could last — it depends on their development progress.

Too bad I didn’t catch it yesterday. At the very least, I could’ve already made some profit by now. Congrats to those who managed to buy yesterday
because they surely took profits if they sold around $1. Lucky are those who bought in with a big amount.

Callin Aster to compete with HL is way to fast. I don't wanna say Aster is bad, but it's moving up due to the CZ's tweet. Don't you also aware about the main concern is that Aster supply is also getting centralized by 4 holders only? These 4 address hold majority of tokens, and it's already a red flag to me.

It's not about a competition to the HL, but it's about how Aster itself can sustain for long term. Believe me, if CZ was not doing mind games with his tweet, Aster would not get massive pump like that.

Don't forget Aster is also not having native chain like what Hyperliduid did to add more utilities to its token.  ::)

If CZ ever shills a coin or token then there’s a reason for it & he will be profiting from people buying it. He’s quite a fun guy, he’s hugely successful but he can’t be trusted. Just buy Bitcoin & ignore what puboic figures are telling you to do. CZ doesn’t care about anything apart from his bloated bank balance.

The reason is simply, YZI labs is the major sponsor or partner of this prep DEX and we all know that this labs was part of binance labs and it was after CZ left binance that YZI stood on its own which means that it is lab is owned by CZ, for me it is a very risky project but I am definitely sure many people will ride the hype up, I expect the coin to actually get to $2 in my opinion. Just less than 24 hours it has done 10x even when it hasn’t been listed yet on many DEX aside its own.

From next month which its going to be tradable on many platforms I think it will go up, first on the list of top exchanges going to list it is the binance exchange due to CZ involvement in it, probably it will first appear on the binance alpha before any where else and then other exchanges

Not really profiting from people buying it though in my guess. I think he just want to bring in those liquidity and TVL. As a result some whales from HL are repositioning themselves into aster right now with millions. The growth has also been explosive since CZ shilling aster personally. Basically to bootstrap the platform and attract big amount of liquidity.

This is part of his actions and looks like he's really earning good profit when he shill for certain coin or token.

But I guess I don't have the energy to follow what they are promoting since I'm always skeptical on those actions they do. Don't want to fall from pump and dump schemes since even if they say that this token is good still there's good chance that this famous people are here and try to manipulate people's mind to gain profits from them.

CZ is really up for profit and that's normal for a businessman, that's why we need to do our due diligence to determine if we are really receiving a reliable information even if they are famous individual on the scene.

This has to prove that CZ is definitely one of the major holder which is why he is promoting it. After stepping down from Binance, he has the freedom to explore other opportunities to make money and as a rich man, he can single handedly fund a new project. Aster is indeed a good project as it stands as the bridge between KYC CEX and non KYC DEX. Just like you, my only concern is that few people control majority of the token.

Cz is coming back again to the Binance. He changed his ex-Binance to the Binance on his x account which mean he's back to his company.

As for CzI think seeing him shilling a project is not violating the ethic, but it's only making Aster being PnD token. Aster's product is still immature, and no utilities. However, it makes sense to think he might have some of Aster in his wallet, so he did it.

I thought this was just a shilling topic and was a lie and was trying to get attention from people as well. After all, it's a shitcoin, and posted by some jr. member, so I assumed it was a full on shilling and a spam and nothing more. Then I went and checked to see if CZ really did, fully assuming that he didn't posted about it, and then I would come back here and say that OP is a spammer and liar. You know what I found?

CZ did actually posted about it! That's actually a huge deal, I know a few more other projects CZ did share, one was their bitcoin debit card project or whatever, so this isn't the first time, but in 3000 days, he posted about maybe 2 or 3 other projects, and Aster (first time hearing them) actually did something cool. My apologies to OP, he was right.

Alot have being going on lately and thank goodness you never just jump into conclusions with your assumption and you went back to check, that reveal how messy some of those big names in the cryptocurrency Industry getting into all those memecoins craze and shilling for whoever is ready to pay. CZ have become less busy lately now that he is off as Binance executive person.

The market cap and TVL after the promotion is ridiculous. It is not a tested or safe platform. It needs time to reach maturity and to be battle tested.

Yeah he did, that is why this is interesting. He rarely mentions any projects and I have my suspicions on that. Why Aster and why now?

CZ can shill different coins for his personal benefit. He has shilled TST before and most investors lost by investing in this TST. So instead of always chasing after public figures and looking at influencers' shillings, it is better to just look at Bitcoin which will never face loss for anyone in the long term investment. But these new coins are very risky no matter who shills it. Whereas Donald Trump could not sustain his own official coin at a good price in the market, these coins are not the official coins of CZ.

I'm not surprised CZ is pushing Asterdex rather than try to find a way that HyperLiquid and Binance can contribute collectively to make the space better. Binance did try to kill HyperLiquid earlier in the year with that jellyjelly attack where a whale's position was forced liquidated on HyperLiquid draining HLP and binance along with OKX listed Jellyjelly just so degens can short it and rekt hyperLiquid.

Binance has been around for close to a decade now but HyperLiquid has only been around a year and the FDV of HYPE is around 45-50%of hyperLiquid so that means HyperLiquid is closer than anyone else to dethroning Binance.

It's because hyperliquid can take the volume that should be for binance. So, instead of supporting hyperliquid, he's going for a new competitor that has been launched. We'll see how this is going to go when the volume keeps on increasing there with his help. It's all about reducing the market share of the competitors, he knows what he's doing and he's betting for a new one instead of the actual competitor of their exchange.

It's new and young which makes it more prone to hype, and temporary pump and dump.

Those juicy gigantic revenue that hyperliquid is having with minimal backend setup is too good to ignore.
Binance is pushing aster while base is pushing avant, Hype is also creating their own blockchain for fast settlement while a16z is investing into new perp called lighter.

It's obvious everyone want to get a piece of the cake. Heck, even justin sun is creating one.

I don't know if that is true, because I have seen him shilling though with many coins before not just his BNB, but meme coins that has been listed on his exchange.

So it's just the same for me. Maybe he believes on $ASTER or he could have been a holder or investor of it in the beginning and wanted to make a lot of money out of it. There is no secret there, even if you say that the project is good, it's all about the money in the table.

I wouldn't buy that kind of cryptic post from him. He is just any other shills in this market.

Its Marketcap and TVL went crazily after CZ was tweeting about that. Thousands of people driven by FOMO to buy this with the hope it will become the next hyper liquid. In fact, it's still pure speculation, and those who being driven by FOMO will be used as exit liquidity.

Don't be surprised if it's jumping a lot in matter of days. CZ's tweet was giving so many hopium to the traders.

I'm still observing Aster right now because its hype seems to be really hot. It feels like it's driven purely by hype, and it isn't easy
to keep up with this kind of coin or token.

I want to warn others who only listen to what people say and don't really know the ins
and outs of this crypto business.

I agree with what you said about the market players and how they leverage their reputations to gain more.

Currently, many companies are starting to emerge to compete with Hyperliquid, including Lighter. They also have a similar vision, although their management is somewhat different, but they are trying to target the same market: DEX traders. Regarding Aster, I was personally surprised to see their tweet. However, I think this approach won't compete with Hyperliquid. We see that Hyperliquid's community is their top priority, as their true strength lies in the community and ease of trading. I don't think they will last long even with CZ behind them. The Binance market will collapse if they focus on things like this.

I see everyone on Twitter or in Telegram groups (trading, news, airdrop) discussing this token, a topic that is still very hot and also has the potential to generate profits. Many have successfully purchased it at $0.09, less than 10 times the current price, meaning that with a $1k investment, one could have made over $10k in profits, provided they held onto it until now. In just a few days, the price has already surpassed $1, and we know one of the reasons why CZ, of course.                  

I think the price will continue to rise for a while, but i'm more curious about the inevitable decline, when the price could correct significantly, those who bought at a low price will come out with a profit, while those who bought based on FOMO will definitely become holders or sell at a loss.     

My question is more in regards to Cz and not general user behavior. Cz is usually not a sellout, neither to existing or to new projects.

Given that the supply is very centralized and the circulating coin supply is limited, no wonder that it is going high. I would never put my money into a new platform like that. Aster has no similarity to Hyperliquid at all. Just because they have similar functionalities that does not make the projects the same. Aster is similar to Hyperliquid as much as Dogecoin is similar to Bitcoin.  :D

Projects like Hyperliquid are rare. They don't come often. The people who found those projects are not greedy. Most of these competitors are founded by extremely greedy individuals who do not care about the community or wider crypto environment. Their primary goal is to enrich themselves.

Yeah. It's perps dex season + prediction market season.

Priot to hyperLiquid, nobody gave a fuck about perp DEXes after GMX back in the day. Given the fact that HyperLiquid was always using majority of their revenue/fees to fund the Assistance fund which in turn is used to buyback and hold HYPE tokens. I think that created the craze that got everyone hyped up about perps.

The meta will continue until it stops paying off. For now, it's still +EV to launch and run a perps dex. I think it's the most profitable crypto PMF aside from stablecoins.

I haven't heard of lighter but that seems to be another competitor. I think in this market, whoever becomes successful, the others are going to copy the idea but with a different brand. This is a normal and healthy competition that we're seeing and we'll see if hyperliquid becomes stable with their success.

I think that I have an idea now, tokeweed has a good take about it and I've just learned it from through this thread: [ASTER] AsterDEX Speculation (https://bitcointalk.org/index.php?topic=5559563.0) and CZ is a part of aster.

What I know is that what goes up will surely come down. People don't have to be too hype driven to buy and hold Aster since it is better to buy when the price is down or dipping. This project has dipped and we are going to see it create another all time high soon. There is money in the crypto market and we shouldn't be too hype driven, buying altcoins like we are not going to experience a dip.
You can buy when price goes down so you can make large profit when the price goes up. Investment is more of patience before achievements. This is not hard to do but some will always miss the summary.

Send aster is actually a hyped driven coin and I was able to buy at 1.7 and sold at 2.5 and I was just to skeptical about the coin no matter how the coin going don't be suprice to see a heavy dump on the market. And some project know how to catch the attention of people and even Aster went viral and it was largely purchased but coins like this I always have my own way of making a quick profit out of it.

And the coin is currently around 1.7 again after it was going as if it was going to enter 3 dollar and it as been part of the coins that have been trending so it have been shaking and coins like this when you want to trade then you have take profit on time so that you don't regretting because most of them the moment you buy the coin starts coming down so it important to play a smart one when it comes to taking advantage of a coin in the market.

Honestly with the huge incentive waiting to be deployed for the aster user, I expected the price won't move or instead pretty bearish until people finally done dumping their upcoming aster rewards.
Hundred millions worth of aster ready to be deployed into the market and current price seems to be having a high amount of shorters with high leverage.

Though I won't be surprised if somehow price still going up ::).

It's keep pumping and the price now already stable around $1.80 👍
Good to those who's hold

That will be massive but until then I remained watchful of ASTER to continue applying DCA. Coz CZ took BNB to where it is today.

If I’m not mistaken, this still has a running airdrop up to October 10, 2025, and the task is to carry out a trading activity using the USDT/USDC–ASTER trading pair,
where you also need to have a verified account on the exchange.

They didn’t specify any required deposit amount, so as long as you meet the exchange’s minimum deposit requirement, you can be eligible for their airdrop if it really pushes
through after this event.

I got in on spot earlier, around $0.5.. sold at $2.4 and now I've been waiting for sub $1 entry which is not coming around aahah.. I've seen CZ actively talk about it volumes are very huge.. probably this could do well long run.. more echanges are listing aster on spot rn, Bitget is the latest to do so. Imo if you can get an entry, DCA down.

No need to write a long answer for this, just one word answer is enough.

Why is CZ Suddenly Shilling $ASTER?

Reason is GREED.

He is ultra wealthy and has better money generating businesses. Why would he need to expose himself this way just because of greed?

Whether its CZ BNB or TRON Justin it is clearly the fact they probably are the exchange itself and responsible for collecting drivers license information for every client I am not sure how metamask operates but wouldn't they be required to to hyperliquids kyc ?

DEX perpetual platform don't really need KYC, that's what i'm confused about whether they're breaking law or not but I guess it's not.

Not really greed, what you gonna do when you see a competition eating half of your Open Interest.
I bet you gonna improve your platform or just create another business that can compete with the competition in this case creating perp dex.

There is no surprise about BNB because it was the Binance exchange token and Binance is owned by CZ. I read the OP and Aster was said running on Binance chain but I can't tell yet if it was also from CZ or has a strong relation with it for it to shill it, since there are other many projects too that uses the Binance chain. It is also possible that he only got paid big for him to promote it but the chance for it to fail is still there, so just be careful. Right now, if there is a coin that is good to DCA, that will still be BTC.

Verified account can mean that we must complete the KYC, right? But this is usually the trait of a centralized platform and it says that this Aster is a Perp DEX. The airdrop event is not new but haven't you checked the full details yet? In airdrops, it is also normal that they don't have a crystal clear requirement. Maybe this prevents abuse and then no doubt, it makes things more exciting (it makes airdrop an airdrop) . The token must have a value now, so we can just enjoy trading it and testing our skill. If we are good enough we can still earn immediate profits. Airdrop can only act as a bonus.

CZ is a Binance man, and anything which will bring him money and he thinks is worthy of his involvement is where he invests his time and attention. For him, no shill that project profit is not far from it, but I won't call it greed unless he just wants to have it all at the expense of others, which, with his last legal case, he won't want to get involved in anything that will bring him back to a courtroom.

I'm not surprised about seeing those things he do since CZ always do that.

After all he will do all those things that can benefit him that's why people need to be more careful dealing on those actions he made.

If they want to ride with him better have this thinking on which they should sell their bought tokens or coins just like that alt he shilled earlier while it still on bullish trend.

Don't try to follow certain advice that they should HODL since its so risky to do it and they might left behind then be a loser at the end of the day