Aster’s 5% jump: How CZ’s stake is ‘dismantling’ manipulation fears

Social media hype can cut both ways. 

On one hand, any token endorsed by a big-name figure often triggers “manipulation” jitters. On the other, it can spark a bull run, as investors interpret the backing as a signal of long-term support and yield potential. 

In this context, Aster [ASTER] has recently stepped into the spotlight. Binance founder CZ posted on X and triggered another market frenzy, even though he didn’t reveal how much ASTER he actually staked.

Source: X

On the upside, investors are seeing this as a strong proof-of-interest from a major player, someone whose ROI needs to stay positive to keep their own stack profitable. Naturally, this led some to hype up their own targets.

Looking at the numbers, the reaction makes sense.

Around 97% of ASTER’s supply (roughly 7.7 billion) is held by the top 100 HODLers, and seeing CZ’s stake keeps their confidence high, so they keep holding strong.

However, the bigger question remains: Is CZ’s “hype” actually generating real yield for these HODLers, or is it simply funneling ASTER deeper into a centralized pool where market manipulation can keep the cycle going?

Critical price points will shape ASTER’s next move

You can’t simply dismiss a token’s reaction to a tweet as “a coincidence.”

Notably, CZ’s post hit ASTER right as it dipped 3% for the week, dropping to an all-time low of $0.50 after failing to hold $0.60 support. With a 5% decline so far in 2026, plenty of HODLers sat underwater.

However, it didn’t stop there.

The tweet lined up with a 5% single-day jump, pushing ASTER back to $0.66. Analysts are calling it a “healthy reset,” since the drop had already cleared most overleveraged longs.

Source: TradingView (ASTER/USDT)

To confirm the momentum, ASTER needs to break through the $0.70 level.

According to AMBCrypto, a breakout here would show whether ASTER’s upside is backed by data or if it’s just a short-term move, one that could hit resistance, allowing sellers to take profits while HODLers stay underwater.

Therefore, the next few trading days are key. CZ’s tweet sparked the frenzy, but we’re still far from confirming a real breakout. If ASTER fails to hold, it will show how its growing centralization is influencing the market.

Final Thoughts

• CZ’s tweet sparked another frenzy in ASTER, giving confidence to top HODLers.
• ASTER needs to break $0.70 to confirm momentum; the next few trading days are key to see if gains are sustainable or just a short-term spike.