Changpeng “CZ” Zhao, the co-founder of Binance, has reflected on a history of personal crypto purchases, with his recent ASTER acquisition now in the red.
A few days ago, CZ bought ASTER, a token he has widely promoted since its launch. He announced buying over 2 million tokens, which at the time was a little under $1 per token.
While the token surged on his “full disclosure” on November 2 to a high of $1.28, it has since crashed by over 25% to its current market price of $0.91.
A Familiar Portfolio Move for CZ
Meanwhile, widely followed community figure “MEJ” started a conversation on the recent ASTER drop, stating that “in the era of the Orange Buffoon, even CZ is getting trapped.” This referenced the Binance co-founder’s ASTER acquisition, which is now in the red.
Zhao seemed unperturbed. In fact, he disclosed that he seems to always be unlucky with his personal crypto purchases. He noted that every time he buys a coin, the asset seemingly tops in the short term.
“100% record,” he added, highlighting that every one of his crypto buys has had him stuck in a losing position on the onset.
我每次买币都被套，100%的记录。 😂
2014年，均价$600买了BTC，一个月内跌倒$200，持续了18个月。
2017年，买了BNB，也跌了20-30%，持续了几周。这次。。。还说不准呢。
昨天又加了点仓。所以大家要注意风险啊。以后不再披露了。免得影响大家的行情。🤣 https://t.co/jezvlAbXax
— CZ 🔶 BNB (@cz_binance) November 4, 2025
Zhao further buttressed that his unlucky charm started with his 2014 Bitcoin accumulation. He bought at an average price of $600, only for the apex cryptocurrency to drop to $200 within a month and consolidate below his entry for 18 long months.
In a similar vein, his 2017 BNB buy dropped between 20% and 30% after acquisition, and he nursed a loss for weeks. This time with ASTER, his portfolio is already in an unrealized loss, and he seems not to know how long this one will last.
HODLER CZ Buys the Uncertainty
Meanwhile, Zhao had earlier noted that he is a “holder,” not a trader, suggesting he is in for a long and hard hold, as he did with his Bitcoin and BNB stashes.
Furthermore, he disclosed that he had bought into the market uncertainty. The Binance co-founder added to his position yesterday, joining those who bought the dip.
CZ has consistently stressed buying the dip, urging crypto enthusiasts to capitalize on the downsides to buy more. Earlier, he emphasized that those who sell dips follow “weak minds” and encouraged strengthening connections with people who understand the market dynamics.
Remarkably, his patience has usually paid off, as Bitcoin has increased a staggering 17,233% from his 2014 entry of $600. BNB has also grown 8,289% from its December 2017 high of $11.30.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
