Why is CZ Suddenly Shilling $ASTER?

[HawkTrader]

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.

[TastyChillySauce00]

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.

[Charles-Tim]

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

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.

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.

Just like PnacakeSwap?

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

[gunhell16]

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 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.

[asriloni]

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. 

[DeathAngel]

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.

[Zaguru12]

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

[JeffBrad12]

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.

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.

[Taskford]

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.

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.

[justinlamode]

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.

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.

[asriloni]

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.

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.

[el kaka22]

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.

[Odusko]

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.

[BitHodlers]

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.

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.

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.

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?

[beveryu778]

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.

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.

[nelson4lov]

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.

[passwordnow]

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.

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?

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

[shinratensei_]

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.

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.

[btc_angela]

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.

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.

[asriloni]

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.

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.

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.