Fake news moved quickly across the crypto market, and this round spread with force.
Multiple creators shared the forged ETF form before Binance’s Changpeng Zhao (CZ) stepped in, calling it photoshopped and reminding the market how easily misinformation travels. His response pulled even more attention toward ASTER just as its activity and volume surged behind the scenes.
Fake ETF claim vs ASTER’s real traction
The image claimed BlackRock had filed for a new “Staked ASTER Trust ETF.” That never happened. CZ corrected it publicly, adding that ASTER didn’t need fabricated hype to grow.
Source: X
CZ previously stated he bought and held ASTER personally, which added support during the spike in noise. By contrast, the rumor cycle caused confusion while the token’s actual fundamentals continued to build.
Real ecosystem momentum: volume, holders, burns, buybacks
Behind the headlines, ASTER posted numbers that didn’t require any exaggeration. Daily Volume touched $6 billion, holders climbed past 200k, and last week’s burn removed 77.86M tokens permanently.
Stage 4 buybacks accelerated to ~$4 million per day, compressing the time it takes for accumulated fees to hit the chain. Once the system reaches steady state, within 8–10 days, buybacks continue at 60–90% of the previous day’s revenue. The executing wallet remains fully transparent on-chain.
Can ASTER’s aggressive buyback model, similar to BNB’s early playbook, drive a larger rally once key resistance breaks?
Price reaction as ASTER breaks its lower-TF downtrend
The lower timeframes reacted quickly. ASTER broke above its descending trendline and briefly pushed RSI above 50 before sellers forced it lower again.
Source: TradingView
On the 4-hour chart, the token continued to consolidate between $0.821 and $1.29, with one fakeout on each side of the range.
Source: TradingView
Losing $0.821 may open a deeper slide. Clearing $0.96 and breaking through the $1.269 resistance zone could set up a stronger move. RSI stayed oversold without severe extension, and MACD continued to fight for a shift.
What it means for the market
The day highlighted a clear divide: fake hype created noise, but real metrics carried the narrative. With buybacks increasing, volume rising, and structural resistance tightening, the market now watches whether ASTER builds enough strength to flip the trend decisively.
Now, can ASTER’s real fundamentals overpower the rumor cycle?
With burns, revenue, and buybacks rising, the market now asks whether this ecosystem push is strong enough to shift its multi-week structure.
Final Thoughts
- ASTER’s real metrics now outweigh the temporary noise created by the fake ETF buzz.
- A confirmed breakout above key resistance will reveal whether fundamentals drive the next leg.
Source: https://ambcrypto.com/cz-shuts-down-fake-aster-etf-rumor-but-does-his-support-boost-the-real-rally/
