BNB Chain’s TST Jumps 35% As CZ Makes Unexpected AMM Post
Highlights
- Binance Founder mentioned TST again in a new post on X
- The crypto leader revealed he used BNB Chain's AMM pool for the first time
- The price of the token skyrocketed following this mention
The recent mention from former Binance CEO Changpeng ‘CZ’ Zhao might have influenced the latest price action as seen in the Test Token (TST) linked to BNB Chain. The token currently trades at $0.1091 after bagging up to 35.56% within the last 24 hours.
The BNB Chain AMM Shocker
As he is popularly referred to, CZ started his post on X by saying it was his first time using an Automated Market Maker (AMM) liquidity pool. Furthermore, he acknowledged that he never had any reason to utilize a Decentralized Exchange (DEX) in the past. The Binance Founder said he has always used Centralized Exchanges (CEXs) to complete his transactions.
For a change and as a test, he attempted to put a few BNBs in TST.
“I seen demos of Pancake before. It looked so simple. I thought, how hard could it be? But I forgot my IQ level. (Look on the bright side, it shows you don’t need to be smart to get lucky,” CZ wrote on X.
He claimed not to have followed tutorial videos because he was out to see how his first BNB Chain experience would be. CZ noted that there is still room to improve the overall DEX experience as many have equally noted.
However, he pointed out two shortcomings: the error messages and the platform’s lack of confidentiality. His statement suggested disappointment in this regard.
The TST Price Trend and CZ Memecoin Links
CZ’s statement has once again placed the spotlight on BNB Chain TST, judging by the 35.56% increase recorded. This marks an opposing reaction to the token. After a few days, CZ announced that he wished to compensate victims of TST and BROCCOLI tokens over accrued losses.
This came after CZ’s pet Broccoli triggered the creation of many alternative tokens that got caught in pump and dump over the past week. With links to CZ, both tokens plummeted 60-80% from their peak within this period, creating a significant market panic.
Noteworthy, BROCCOLI is a meme coin inspired by the Binance founder’s dog. Despite its uncertain trends, the memecoin, which is on the BNB Chain ecosystem, is currently gaining traction. Last week, a crypto whale bought BROCCOLI, fueling a 160% surge in the token at the time.
This made it one of the hottest tokens in the market at the moment. Notably, social media hype and speculation continue to push its value higher, with whale transactions adding to the frenzy.
- Binance Responds to Charges of Supporting Trump-Family Crypto USD1 and WLFI Soon After CZ Pardon
- SpaceX Makes Third Huge Bitcoin Transfer in 10 Days, Is Elon Musk Planning Something Big?
- Crypto Market Tumbles as Jerome Powell Says December Rate Cut ‘Far From Certain’
- FOMC Meeting: Federal Reserve Lowers Interest Rates by 25 Bps in Second Cut of the Year
- WLF Token Jumps 7% as Former Robinhood Counsel Joins Trump-Backed World Liberty Financial
- Ethereum Price Flips BTC in Strategy Shift, Eyes $4500 Level
- Expert Predicts XRP Price to Hit $10 as Elliot Wave, XRPR ETF Inflows Align
- HYPE Price Prediction as 21Shares Files S-1 for Hyperliquid ETF—Can Bulls Push HYPE to $60?
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
MEXC