Binance Founder CZ’s DEX Trade Sparks Rally for TST Meme Coin
Binance Smart Chain (BSC) In the past 24 hours, the meme-based coins (TST) have jumped nearly 50% to reach a height of one week.
Binance co-founder Changpeng Zhao (CZ) after his first decentralized exchange (DEX) deal involving tokens.
CZ uses TST for the first time to trade on DEX
On February 22, CZ executed his first DEX deal, Buy TST and provide liquidity.
He admits to being faced with difficulties because he has never used DEX before and has been trading on centralized trading (CEX).
“I want to put some BNB in the TST liquidity pool as a test. I’ve seen a pancake demo before. It looks simple. I thought how hard it was? But I forgot about the IQ level,” Zhou statement.
although Daily operations to exit BinanceZhou’s actions continue Shape market sentiment. His unexpected move sparked speculation from the entire cryptocurrency community. Some users on X believe it hints at potential new products or initiatives related to Binance.
Meanwhile, Binance founder said his goal is to contribute Binance Coin (BNB) Going to the TST liquidity pool, but browsing unfamiliar interfaces is challenging. Liquidity providers help facilitate transactions and obtain transaction fees.
Blockchain analysis platform LookOnchain Report CZ spent 1 BNB (worth $660) to get 5,388 TST. Later, he contributed 1,111 TST and 0.096 WBNB (valued at $64) to the liquidity pool.
“I didn’t follow any video tutorials. I kind of want to see what the first experience would look like. As a noob, I have to say that the DEX experience can be improved a lot! The error message doesn’t make any sense. There may be a robot trying to do it in my The front run is done on a public address (or any large transaction I suspect). Why can everyone see what I’m doing in real time?” CZ wrote on X (formerly Twitter).
After his DEX trade, TST’s value soared by more than 50%, indicating how severe his involvement still exists.
However, the token’s trading is still significantly below the all-time high of $0.47 recorded on February 9.
TST was originally launched as a test token BSC Meme Coin Deployer Four.meme. CZ’s social media mentions that the asset has attracted great attention.
While some people think it is an experimental trade, critics argue that his participation has inadvertently increased participation BNB Network.
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