Binance founder Changpeng Zhao has backed Aster (ASTER), a new decentralized derivatives platform that aims to challenge Hyperliquid’s dominance in the sector.
In a Sept. 19 post on X, Zhao revealed that Aster had become the largest holder of BSC-USDT, apart from Binance’s own hot wallet.
According to Arkham Intelligence data, Aster’s wallet holds $131 million in USDT, trailing Binance’s $236 million.
That update came just one day after he praised the project’s Token Generation Event (TGE), describing it as a strong beginning and urging its developers to continue building.
His visible support added momentum to a token launch already drawing industry-wide attention.
What is Aster?
Aster first launched as ApolloX in 2021 before merging with Astherus in late 2024, marking its rebrand and new direction, culminating in this week’s TGE.
This event allowed ApolloX’s APX holders to swap their tokens for ASTER, rewarding long-time…
