Binance founder CZ purchased extra Aster and recalled previous losses. He jokes about his “unfortunate attraction” standing and warns buyers about crypto dangers.
Binance founder Changpeng “CZ” Zhao not too long ago acquired extra Aster (ASTER) tokens. This motion comes after a fast reversal of the worth of the asset. CZ jokingly stated that he may very well be the unfortunate attraction of crypto. He made recognized his funding failures previously. He additionally issued a stern warning of market dangers.
Former Binance Chief Recollects Crypto’s Previous Volatility Amid ASTER Token Buy
Specifically, CZ posted concerning the acquisition on social media on November 2, 2025. He bought roughly 2.09 million ASTER shares along with his personal cash. He targeted on his buy-and-hold technique that was long-term. His first launch stirred the market considerably.
The token worth instantly soared up by greater than 30 p.c. The share rose to a excessive of 1.26, as much as the purpose of 0.91.
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The rally, nonetheless, swiftly disappeared in a day. The value quickly rose to roughly 0.90. Brief positions have been supposedly positioned by massive buyers, who’re referred to as whales. In consequence, the preliminary beneficial properties in costs have been nearly misplaced.
Therefore, CZ referred to such a turnaround as a reverse Midas contact. He stated that he’s unable to come back out of a shedding place 100% of the time. This prompted him to recollect his earlier losses in crypto investments. He in contrast himself to an unfortunate attraction.
As a matter of truth, he vividly remembers his expertise when he purchased Bitcoin in 2014. His common worth of shopping for BTC was $600. Then it fell drastically to 200 in a month. This was an enormous loss that was skilled over an extended interval of 18 months.
As well as, the identical development was used when he purchased BNB in 2017. The value of BNB decreased by 20-30 p.c as nicely. Nonetheless, the particular dip didn’t final for much longer than a couple of quick weeks. He noticed that there was an inevitability of lack of investments.
CZ Ends Public Disclosures to Forestall Market Affect
Consequently, CZ suggested each investor to go very slowly. He emphasised the should be keenly alert to the market dangers. Moreover, he identified that even seasoned purchasers have sudden slumps. He concluded by asking who is aware of what’s going to occur this time.
Additional nonetheless, the outgoing CEO declared a brand new private coverage sooner or later. He assured that he wouldn’t make any extra crypto purchases publicly. This ruling will forestall the unintentional interference with the market.
As per CoinMarketCap, the Aster token is buying and selling at 0.91 in the meanwhile. Furthermore, ASTER token worth is already in the meanwhile of a drop of 6 per cent in 24 hours. The significance of influential personalities is highlighted by the key shift made by CZ within the public.
Lastly, the honesty of the previous Binance CEO stresses the overall unpredictability of the market. His complete private funding historical past demonstrates that every one folks have market danger. He additionally reveals a bigger transparency in relation to taking key strikes out there. This constitutes a drastic disclosure follow amongst international crypto leaders.