- CZ is an advisor to the Aster DEX project, not a team member.
- An ASTER investor believes CZ’s influence will boost the cryptocurrency’s growth.
- ASTER gained approximately 2,800% within the first week post-launch.
Binance co-founder Changpeng Zhao (CZ) has confirmed his role as an advisor for the Aster decentralized exchange (DEX) project, clarifying rumors that he is a member of the core team. In his latest post on X, Zhao responded to an Aster user who lauded his potential influence on the project’s growth as a team member.
A crypto user’s target for the ASTER token
According to the user who claimed to hold a significant amount of ASTER, the crypto token associated with Aster DEX, Zhao’s link to the project gives him reasons to hold on to the investment for a long period. The user cited upcoming ASTER buybacks and Aster DEX’s leadership in perpetual trading volumes as crucial growth indicators, while setting a long-term target of $40 for the cryptocurrency.
Related: Earning ‘Rh Points’ in Aster’s Genesis Season 2 Can Happen in Several Ways
For context, Aster is a recently launched decentralized exchange (DEX) that merges perpetual and spot trading with cross-chain flexibility, privacy-focused infrastructure, and yield-generating collateral. The project specifically launched on September 17, 2025, immediately showing signs of massive adoption.
ASTER’s early rise to prominence
Data from TradingView shows that ASTER, which launched via CoinMarketCap’s first-ever launchpad, surged approximately 2,800% from a TGE price of $0.08439 to an all-time high of $2.42 by September 24. In the meantime, CoinMarketCap’s data reveals that ASTER’s market cap rose to $3.53 billion, launching the cryptocurrency into the top 40 category on the crypto aggregation platform.
Related: Aster DEX Captures Nearly Half the Perpetual Market With $500 Billion Trading Volume
ASTER retraced after reaching the all-time high in price and market cap. According to data from TradingView, the cryptocurrency’s price was $1.81 at the time of writing, with a market cap of $3.0 billion. However, investors remain optimistic about the crypto project’s potential growth, as highlighted by the poster who cited Zhao’s involvement as a confidence booster.
Zhao remains one of the most prominent figures in the cryptocurrency industry, having been part of some of the most successful crypto projects, including Binance, which ranks as the largest cryptocurrency exchange by trading volume.
