ASTER News: Binance Founder CZ Buys More Aster Token, Recalls Past Crypto Losses

Binance founder CZ bought more Aster and recalled past losses. He jokes about his “unlucky charm” status and warns investors about crypto risks.

Binance founder Changpeng “CZ” Zhao recently acquired more Aster (ASTER) tokens. This action comes after a rapid reversal of the price of the asset. CZ jokingly said that he could be the unlucky charm of crypto. He made known his investment failures in the past. He also issued a stern warning of market risks.

Former Binance Chief Recalls Crypto’s Past Volatility Amid ASTER Token Purchase

In particular, CZ posted about the acquisition on social media on November 2, 2025. He purchased approximately 2.09 million ASTER shares with his own money. He focused on his buy-and-hold strategy that was long-term. His first release stirred the market significantly.

The token price immediately soared up by more than 30 percent. The share rose to a high of 1.26, up to the point of 0.91.

Related Reading: Binance Founder CZ Buys ASTER with Personal Funds Sending Token Price Up Sharply | BitcoinLinux

The rally, however, swiftly disappeared in a day. The price soon rose to approximately 0.90. Short positions were supposedly placed by large investors, who are known as whales. As a result, the initial gains in prices were almost lost.

Hence, CZ referred to such a turnaround as a reverse Midas touch. He said that he is unable to come out of a losing position 100 percent of the time. This caused him to remember his earlier losses in crypto investments. He compared himself to an unlucky charm.

As a matter of fact, he vividly remembers his experience when he bought Bitcoin in 2014. His average price of buying BTC was $600. Then it fell drastically to 200 in a month. This was a huge loss that was experienced over a long period of 18 months.

In addition, the same trend was used when he bought BNB in 2017. The price of BNB decreased by 20-30 percent as well. However, the specific dip did not last much longer than a few short weeks. He observed that there was an inevitability of loss of investments.

CZ Ends Public Disclosures to Prevent Market Influence

Consequently, CZ advised every investor to go very slowly. He emphasized the need to be keenly alert to the market risks. Furthermore, he pointed out that even seasoned purchasers have unexpected slumps. He concluded by asking who knows what is going to happen this time.

Further still, the outgoing CEO declared a new personal policy in the future. He assured that he would not make any more crypto purchases publicly. This ruling will prevent the unintentional interference with the market.

As per CoinMarketCap, the Aster token is trading at 0.91 at the moment. Moreover, ASTER token price is already at the moment of a drop of 6 per cent in 24 hours. The importance of influential personalities is highlighted by the major shift made by CZ in the public.

Finally, the honesty of the former Binance CEO stresses the general unpredictability of the market. His comprehensive personal investment history demonstrates that all people have market risk. He also exhibits a larger transparency when it comes to taking key moves in the market. This constitutes a drastic disclosure practice among global crypto leaders.

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