ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

Michael Adeleke
2 hours ago Updated 31 minutes ago
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Whale movements and CZ’s praise spark ASTER hype, with $1T in trades and celebrity investors backing the token.

Highlights

  • On-chain data shows multiple ASTER deposits into Binance spot wallets, sparking listing speculation.
  • This comes after Binance founder praised the platform’s hidden order feature and multi-chain support.
  • ASTER’s trading platform processed over $42B in daily volume and $1T cumulative trades within two weeks.

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following CZ’s endorsement of the token. Experts claim this could be a test phase towards a possible listing on the exchange.

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ASTER Whale Deposits Signal Potential Binance Listing

On-chain trackers shared that multiple ASTER deposits are being made into Binance wallets, suggesting a listing could be on the horizon.

Source: X

The activity revealed that an address sent a small test transfer of 20 tokens into spot Binance wallets. It was then immediately followed by a much larger transaction worth $4.8 million. 

Traders believe this pattern matches Binance’s standard listing preparation, where exchanges test inflows and outflows before officially launching support. A user also noted the exchange may be testing token withdrawals, which often precede a spot listing.

The excitement was amplified after CZ publicly praised ASTER. The founder highlighted the exchange’s discovery that the platform had become one of the largest holders of BSC-USDT outside Binance’s own wallets. He also praised its special hidden order feature and compatibility with multiple chains.  The token price increased by more than 1,500% in a week after Zhao’s support.

The new DEX platform has quickly established itself as a leader in perpetual trading. As CoinGape previously reported, the platform led DEX volume, handling over $42 billion in 24-hour volume and generating approximately $15 million in daily protocol fees. This revenue outpaces that of its rivals.

The exchange’s success has also extended to derivatives markets. According to CoinGlass data, open interest in the token increased by 7.57% to $1.2 billion. This implies an increase in traders’ confidence and speculative activity.

Source: CoinGlass
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High-Profile Investors Back ASTER

Prominent investors and celebrities have also taken an interest in the DEX token. Popular YouTuber MrBeast recently added ASTER tokens, valued at approximately $320,000. He currently holds tokens worth over $1.5 million.

Even more striking, blockchain data tied to President Donald Trump’s wallet revealed a position of 55 million ASTER tokens, worth around $112 million. His involvement has fueled speculation that the token could attract institutional-scale buyers as it gains ground in the crypto space.

Momentum has also continued to build for the project. In less than two weeks since its launch, the platform has processed more than $1 trillion in cumulative trading volume. Supporters online have celebrated the achievement, calling it a sign of long-term potential.

Meanwhile, analysts are eyeing higher targets. Crypto analyst Crypto Sheriff declared that its chart “already looks extremely bullish” and predicted the token could easily reach $5 by the end of October.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.