The post What’s Driving the ASTER Token Hype? CZ-Backed Crypto Explodes 400% appeared first on Coinpedia Fintech News
Crypto Twitter is on fire today, and all eyes are on ASTER ($ASTER). The token, tied to the multi-chain decentralized exchange Aster, exploded in value just hours after its launch and airdrop.
Traders and analysts are calling it a “generational FOMO” moment.
What’s the hype about? Let’s dive in.
Airdrop Launch Sparks Rally
ASTER went live at $0.0089, and within hours, it soared to $0.50 before settling near $0.45. Usually, airdrops trigger big sell-offs, but ASTER defied the pattern.
The rally didn’t stop there. On its first day, $ASTER surged a staggering 1,650%, generating over $310 million in trading volume. The Aster DEX also saw its TVL climb to $1.005 billion, bringing in more than 330,000 new wallets in just a single day.
Currently, the token trades around $0.5901, up 263.1% in the last 24 hours, with an all-time high of $1.27 and a low of $0.09971, highlighting the extreme volatility and strong early interest in the project.
CZ Binance Backs ASTER
The rally got another boost when former Binance CEO Changpeng Zhao (CZ) tweeted about ASTER. “Well done! Good start. Keep building!” he wrote, sharing a price chart.
With support from CZ-linked Yzi Labs and other Binance affiliates, Aster already carries credibility. The community is excited.
One user, @deg_ape, tweeted: “$ASTER is giving me literal generational FOMO … at this moment, #Aster should be no brainer to ape in.”
Multi-Chain DEX Ready to Compete
ASTER is a multi-chain DEX with both spot and perpetual markets. The platform runs on BNB Chain, Ethereum, Solana, and Arbitrum. It also offers advanced features like Hidden Orders and MEV protection, appealing to serious traders.
In just a few months, ASTER has seen:
$500B+ trading volume
$400M TVL locked
$50M+ revenue
2M+ users
For comparison, its competitor Hyperliquid (HYPE) has an annual revenue run rate approaching $1B. ASTER’s early traction shows the project has serious growth potential.
Analysts See Big Potential
Analysts are already speculating about a 10X rally. Key triggers could include token withdrawals going live, a possible Binance listing, and other Tier-1 exchange listings.
@DigitsCapital highlighted the main catalysts: “2 Catalysts I am looking for with $ASTER are 1. Obvious Binance listing … 2. Announcement of some type of buyback mechanism from fees. They have accumulated $50M+ in fee revenue thus far!”
At a $977 million market cap, ASTER still trades below rivals, leaving room to grow. Some are calling it the “Chinese Hyperliquid,” suggesting the token could reach $15B FDV, still smaller than HYPE’s $55B valuation.
What’s Next
ASTER remains in price discovery mode, so volatility is expected. But with CZ’s backing, a growing user base, and multi-chain capabilities, the project has all eyes on it.
Crypto Twitter is locked in on it. For early investors, the FOMO is real.