DataFi - Onchain Research
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Bullish
After $TST was listed on Binance, it seems that @CZ noticed the community's strong backlash, so he posted a clarification on X
Here are the key points I gathered:
➡️ CZ emphasized that he is a builder and only focuses on fundamental values.
➡️ CZ stated that he does not own any memecoins, but he is also not against them.
➡️ CZ mentioned that he doesn't know exactly why $TST was listed on Binance. However, he explained that exchanges compete to list tokens with high trading volume as early as possible. If a coin achieves this, exchanges will naturally seek to list it.
➡️ Memecoins are a fun and highly community-driven culture, so people shouldn’t be against these communities.
➡️ Lastly, CZ admitted that Binance’s listing process needs improvement, as the current system only announces new listings about 4 hours before they go live. This triggers early price surges on DEXs, leading to sell-offs once listed on CEXs.
Here are the key points I gathered:
➡️ CZ emphasized that he is a builder and only focuses on fundamental values.
➡️ CZ stated that he does not own any memecoins, but he is also not against them.
➡️ CZ mentioned that he doesn't know exactly why $TST was listed on Binance. However, he explained that exchanges compete to list tokens with high trading volume as early as possible. If a coin achieves this, exchanges will naturally seek to list it.
➡️ Memecoins are a fun and highly community-driven culture, so people shouldn’t be against these communities.
➡️ Lastly, CZ admitted that Binance’s listing process needs improvement, as the current system only announces new listings about 4 hours before they go live. This triggers early price surges on DEXs, leading to sell-offs once listed on CEXs.
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