- $ASTER surges with $371M debut volume after merging Astherus and APX on BNB Chain.
- CZ’s post fuels hype as BNB hits $1,080 ATH with $4.6B daily trading volume.
- GiggleAcademy expands Zhao’s focus on free global education alongside crypto growth.
Changpeng Zhao, Binance’s founder, shared a light-hearted post on X today. He pointed out his feed filled with mentions of $ASTER and BNB. Then he switched gears to talk about GiggleAcademy. The post comes as $ASTER grabs attention in crypto circles. This token powers a new DEX on the BNB Chain. It blends spot and perpetual trading after a merger of two projects.
According to CoinMarketCap, $ASTER’s price has climbed sharply since launch. It offers high leverage, drawing traders. Zhao’s nod seems to boost interest. BNB also shows strength. It traded at $1,074 on Sept. 21, after touching a new all-time high of $1,080 earlier today. Daily volume tops $4.6 billion.
Aster was formed from Astherus and APX Finance earlier this year. The team behind it includes YZi Labs, which has ties to Zhao. This setup aims to rival platforms like Hyperliquid. The DEX saw $371 million in trading volume on day one. The total value locked briefly hit $2 billion. The withdrawal process takes about 30 seconds on the chain.
Market Reactions and Potential Pitfalls
Traders on X express excitement over $ASTER’s quick gains. Some see it as a strong alternative to other DEXs. Whale buys and listings add to the momentum. One user noted that Zhao’s early support dates back to June. This built conviction for some who bought in fast. Others point to the project’s full launch stack as a plus—no delays on features.
Yet concerns run deep. Posts warn of heavy token concentration in a few wallets, which could lead to sudden sales. Volatility is another red flag, with fast rallies often followed by drops. Competition matters, too. Established platforms like Hyperliquid hold ground. Regulatory eyes on high-leverage trading add uncertainty. Some call it a potential “liquidity trap” in a late-cycle market.
GiggleAcademy’s Role in Zhao’s Vision
GiggleAcademy stands out in Zhao’s post. The app provides free storybooks and lessons for children. It aims to reach billions with fun, game-based education. Launched as a non-profit in November 2024, it targets kids ages 2-8. Features include AI tutors, interactive games, and vocabulary tools. Over 2,000 books come in 30+ languages.
New features like Arabic support are on the way. Zhao ties it to broader goals: as crypto rises, so does access to learning. This mix of market buzz and social good fits Zhao’s post-Binance focus. He stepped down last year but stays active in the space.
