CZ “I am not against memecoins” after TST launch on Binance
Binance founder and former CEO Changpeng Zhao (CZ) addressed his followers on X after $TST was launched on the trade on Sunday and claimed that he’s essentially not towards memecoins as they cater to a piece of crypto viewers. CZ additionally clarified that neither he nor his trade has formally endorsed TST memecoin and insisted that he has by no means invested in any memecoin but.
Based on an announcement issued by Binance on Sunday, two cash Check (TST) and 1000CHEEMS have been launched on their trade. The information got here as a shock for a lot of who thought CZ was essentially towards memecoins that largely serve no objective within the crypto trade.
Addressing his followers on X, CZ wrote, “is CZ towards meme cash? No. Not “into” one thing doesn’t imply I’m towards it. I’m not into sports activities vehicles; I don’t acquire artwork; I haven’t purchased any NFTs; I additionally haven’t purchased most altcoins (I maintain BTC and BNB). However I’m not towards any of the above. And I feel most of you’d agree, that I’ve labored laborious and “gone to some lengths” to assist many altcoins and the crypto trade on the whole. I undertake the identical view in direction of meme cash.”
CZ additionally clarified that he was not requested by the administration earlier than itemizing TEST token on Binance and he additionally believes that a big part of crypto traders have lately shifted to memecoins after hostile regulatory businesses began attacking altcoins.
“Over the last 4 years, a robust regulatory company sued virtually anybody with any utility token, falsely claiming they’re securities. So, individuals began to launch memes,” stated CZ.
Additionally Learn: This Investor Just Turned $500K into $2.5M with TST Tokens
