Binance founder Zhao Changpeng clarifies position: never bought Meme coins

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Recently, Binance founder Zhao Changpeng (CZ) clarified the relationship between him and Meme coins, emphasizing that he has never bought any Meme coins.

The clarification stems from the recent events surrounding the TST token. In a deleted tutorial, the BNB team used the TST token as an example to introduce how to issue Meme coins through the Four.Meme platform. The tutorial has attracted widespread attention.

Zhao Changpeng said on social media that the TST token was not recognized by him or the team and was only used as a test token in the video tutorial. He emphasized that he has always focused on fundamental construction, and although he has not purchased any Meme coins, he is not against them. He compared his attitude towards Meme coins with his attitude towards sports cars, artworks and NFTs, saying that he is not against these assets.

Regarding the listing of TST tokens on Binance, Zhao Changpeng said that he was not aware that TST would be listed on Binance and did not participate in its listing process. He explained that exchanges need to list popular tokens as early as possible to remain competitive.

In addition, Zhao Changpeng also pointed out that the market's preference for Meme coins may be related to regulatory challenges, speculators' preference for highly volatile assets, and the cultural attributes of Meme coins. He reminded investors to pay attention to market risks, especially after the token price on decentralized exchanges (DEX) skyrocketed, there may be a sell-off on centralized exchanges (CEX).

Overall, Zhao Changpeng emphasized that Binance has always focused on fundamental construction and is committed to providing users with a safe and reliable trading platform.

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