Zhao made his comment amid the announcement of the listing of the “unwitting meme coin” TST on Binance, a test asset that he released on the Four.Meme platform while filming a tutorial for BNB Chain. Due to its connection with a famous figure, the token quickly gained popularity in the community.
The entrepreneur wrote several times that TST is just a demo tutorial, but each explanation “only increased its virality.”
At its peak, the asset’s price reached $0.47. At the time of writing, TST is trading at $0.18 with a market cap of $175.7 million.
CZ is “not sure” why the asset ended up on the Binance exchange, and emphasized that he was not involved in the procedure. In his opinion, in a competitive environment, exchanges tend to rush to list assets.
The entrepreneur noted that in general, he is neither “for” nor “against” meme coins, but is interested in their development.
In his opinion, the community became interested in this segment against the backdrop of strict restrictions from “one influential regulator,” which called utility tokens securities and sued developers. Another factor in the interest in the niche is the opportunity for speculation.
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