Changpeng Zhao, the founder of the world’s largest cryptocurrency exchange Binance, answered in his statement whether he has any tokens about the recently launched memecoin Test (TST).
As is known, the Binance founder, who recently returned to the field and focused on memecoins on Binance Smart Chain (BSC), introduced the Test (TST) token, which he said was for testing purposes. The token, which later reached very high market values, was also listed on Binance.
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Zhao said he would “test buy” shortly before making the purchase, implying that the founder had purchased TST. According to data on Binance, the price of the TST token suddenly increased after this announcement. At its peak, the increase climbed to 60%. However, at the time of writing, the token is trading 28% higher than before Zhao’s statement.
Chart showing the rise in price of the TST token.Zhao responded to a follower’s question, “TST is already listed on Binance, why are you still buying?” by saying that the token is “for testing purposes.” The Binance founder has been very interested in memecoins lately, and recently shared a photo of his dog named Broccoli, which led to the creation of a large number of memecoins.
*This is not investment advice.
Continue Reading: Binance Founder Changpeng Zhao (CZ) Buys His Own Memecoin, Binance-Listed Token’s Price Skyrockets
