Rumor Sparks Frenzy but Quickly Falls Apart
The crypto market lit up this week after a popular influencer shared what appeared to be a BlackRock filing for a staked Aster ETF. The post spread quickly across social platforms and triggered a wave of speculation. However, CZ stepped in and dismissed the claim as fake. He reminded users that even well-known voices can fall for fabricated screenshots. His comment served as a timely warning for traders who often react to viral posts without verifying the source.
ASTER Continues to Struggle After Previous Controversy
The renewed hype arrived at a difficult moment for the ASTER token. The project, built around a multi-chain decentralized derivatives exchange, has already battled recent volatility. Earlier claims suggested that CZ sold about 30 million dollars worth of ASTER, but analysts later confirmed that the flagged transactions were only internal exchange transfers. Despite the clarification, the token dropped close to ten percent as panic selling swept through the market.
Several issues continue to pressure ASTER’s performance:
- The token experienced a rapid surge after launch, which fueled unrealistic expectations.
- Many traders believed CZ had deeper involvement in the project, although he clarified that his role is advisory.
- A small number of wallets hold a large share of the token supply, making ASTER highly sensitive to sentiment shifts.
CZ’s latest response may help stabilize confidence among long-term supporters. However, analysts argue that ASTER must focus on clear utility, transparent token distribution, and genuine adoption of its trading infrastructure. These steps could move the project away from speculation-driven volatility and toward sustainable growth.
If ASTER demonstrates consistent progress, it may recover from the recent turbulence. If not, the token could remain vulnerable to the rapid swings created by unverified claims and influencer-driven noise.
