24/7 Cryptocurrency News

Binance Founder CZ Denounces Ties To TST Memecoin

A TST memecoin demo from the BNB Chain team has turned into community sensation, but Binance Founder CZ claims he has no ties to the project
Published by
Binance Founder CZ Denounces Ties To TST Memecoin

Highlights

  • Changpeng Zhao has cautioned against TST Memecoin project
  • He warned community of new website and X account
  • Memecoins are gaining intense popularity with even ETF proposal

Binance Founder and former CEO Changpeng ‘CZ’ Zhao has broken the silence on TST, a new memecoin sensation within the BNB Chain ecosystem. According to the Google translate version of his post on X, CZ informed community members that the TST memecoin now has a functional website and X account.

Advertisement

No TST Memecoin Ties to Binance

As CZ revealed on X, neither the created website nor the X account was made by the BNB Chain team. He also pointed out that the protocol or staff from the crypto exchange does not control this memecoin. 

To offer a better perspective, CZ said the TST memecoin is likely under the control of someone in the community. However, he claims he does not know who this person is. He flagged a “problem,” using the Binance logo on the TST memecoin without authorization.

The Binance Founder said this is an infringement and it needs to change. Known as a person of influence in the ecosystem, CZ reassured that, like other memecoins, he has never bought and does not own any TST token.

He advised his 9.5 million followers to protect themselves and be responsible for their actions.

Advertisement

Is Binance Ecosystem Next for Memecoin Boom?

Many industry proponents believe memecoins have come to stay. With tokens on competing protocols making the rounds, the BNB Chain and Binance ecosystems have tried to play catch-up.

The hype around TST came from a tutorial conducted by the BNB Chain to showcase how these assets work. The token quickly gained popularity, with its market valuation jumping to $35 million within 4 hours. The token has further jumped over 22,000%, with the valuation crossing $100 million at its peak.

Despite the hype around TST, the Solana ecosystem remains the major hub for memecoins. It remains unclear what the impact of TST will be toward activating the memecoin ecosystem around the BNB Chain.

Advertisement

New Age for Memecoins With ETF

With memecoins now valued at $70 billion, asset managers are eyeing more ambitious products for these more volatile digital currencies. Tuttle Capital Management recently filed for a leveraged Dogecoin ETF product with the US Securities and Exchange Commission (SEC)

Besides Tuttle Capital, Rex-Osprey is also pushing for different memecoin ETF products featuring BONK and TRUMP, among others. While the prospects of approval for these ETF products remain low, according to analysts, they signal how mature the asset classes are.

Share
Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Michael Saylor Spotlights Strategy’s Performance Following S&P 500 Snub

Michael Saylor highlighted Strategy’s outperformance after the company was excluded from the S&P 500. The…

September 6, 2025
  • 24/7 Cryptocurrency News

Donald Trump Shortlists Hassett, Warsh, and Waller for Fed Chair

U.S. President Donald Trump has revealed his shortlist of candidates who could potentially replace Fed…

September 6, 2025
  • 24/7 Cryptocurrency News

Ethena Labs Secures Fresh Funding From ArkStream Capital, ENA Price Spikes

Ethena Labs has secured fresh funding from ArkStream Capital as it expands its ecosystem in…

September 6, 2025
  • 24/7 Cryptocurrency News

SEC Forms International Task Force to Crack Down on Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission has launched a task force designed to tackle cross-border…

September 6, 2025