CZ Confirms $1.9 Million ASTER Purchase at Around $0.90 Average Price
Binance founder CZ says he will halt ASTER transaction disclosures following community feedback, after confirming recent multi-million token purchases with personal funds.
Summary
Changpeng Zhao (CZ), founder of Binance, confirmed buying 2,090,598.14 ASTER tokens at $0.913 each using personal funds. Following a community poll, he stated he will no longer publicly disclose ASTER transactions. His recent purchase comes amid a broader market context, where a major wallet holding $51.56 million worth of ASTER faces a $1.445 million unrealized loss.
Terms & Concepts
- ASTER: A cryptocurrency token traded on blockchain networks, used for various decentralized applications and services.
- Average Purchase Price: The mean value of the price paid per unit over multiple purchases of an asset.
- CZ: Changpeng Zhao, founder and former CEO of Binance, one of the world’s largest cryptocurrency exchanges.