Changpeng Zhao Denies $30M ASTER Sale, Analysts Confirm False Claims

Binance founder Changpeng “CZ” Zhao has denied accusations that he sold 35 million ASTER tokens. These claims were shared on the social media platform X, but Zhao dismissed them as fake.

On-chain analysts, including @EmberCN, confirmed no such transactions occurred involving CZ. They identified the movements as internal Binance wallet operations.
The original allegation was made by X user @FarzadXBT, who claimed a wallet linked to CZ sold $30.42 million worth of ASTER tokens, citing "Arkham Intel / Aster Token" as the source.
Zhao responded by suggesting the allegations were meant to create engagement or manipulate token prices and noted the blockchain's transparency.

Market Context

The ASTER token gained attention after its launch in September, with a 15% price increase following a new program.
This incident adds to recent discussions about Zhao, including topics like his presidential pardon and Binance.US listings.