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CZ clarified he and Binance do not officially back Aster DEX despite circulating rumors.
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Meanwhile, YZiLabs, CZ’s venture firm, holds a minor stake, not a full project backing.
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Aster DEX achieved record $46.9 billion trading volume within just 24 hours recently.
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ASTER token surged 2227% last week, now consolidating around $1.98 amid market correction.
The cryptocurrency world loves rumors, and lately, many have been circulating about Binance founder Changpeng Zhao, better known as CZ, and his connection to the Aster DEX. During a recent Twitter Spaces session, CZ cleared the air, saying neither he nor Binance officially supports the project.
At the same time, Aster has been making headlines with record trading volumes and rising attention in the crypto market.
CZ Clearing Up the Confusion
On September 27, 2025, CZ finally addressed the speculation during a Twitter Spaces session with the Aster community that his venture firm, YZiLabs, holds a small stake in Aster DEX. However, he stressed that neither he nor Binance is officially backing the project.
“I don’t have personal investments in Aster, and Binance as a company is not involved.”
What has fueled confusion, he admitted, is that a few former Binance employees are now part of Aster’s team.
This subtle connection was enough for some in the market to assume CZ was deeply tied to the project, especially given Aster’s rapid growth. But CZ was firm in saying those assumptions were exaggerated.
Aster Hit Record Trading Volume
Despite the clarification, Aster’s numbers have been hard to ignore. The Multichain Perpetuals Exchange, built on the BNB Chain, has quickly risen to the spotlight. In just 24 hours, it clocked an eye-popping $46.9 billion in trading volume and now sits at a market cap of $3.4 billion.
For a project this young, the growth has been nothing short of remarkable.
This kind of momentum naturally attracts speculation, and linking it to a figure like CZ only amplified the hype. Yet, as he reminded listeners, not every fast-growing project is secretly backed by Binance.
ASTER Price Analysis
After jumping 2227% last week, ASTER has cooled off amid the broader crypto market correction. As of now, the Aster token price hit $2.40 but is now consolidating around $1.98.
The price movement has followed previous predictions, rising from bottom to top and then pulling back. This shows the token is moving along the expected path.
Meanwhile, ASTER needs to hold support between $2 and $2.2. If it falls below this level, it could drop toward $1.8, where buying interest may increase.
