24/7 Cryptocurrency News

Changpeng Zhao Calls Binance Listing Process Broken After TST Token Saga

Binance founder Changpeng Zhao stated that the Binance listing process is a "bit broken" as the TST token appears several hours after the DEX listing.
Published by
Changpeng Zhao Calls Binance Listing Process Broken After TST Token Saga

Highlights

  • Binance co-founder Changpeng Zhao (CZ) faced criticism over the listing of the Test (TST) token, which surged 300%.
  • CZ distanced himself from the decision, labeling the exchange's listing process as "broken".
  • The crypto community has raised concerns over CZ’s involvement with the TST token, a meme coin.
  • CZ acknowledged the challenges of Binance's listing practices, suggesting simultaneous listings on CEXs and DEXs.

Binance co-founder Changpeng Zhao (CZ) has weighed in once again on the recent Test (TST) token saga calling the exchange listing process ‘broken’. Last week, after CZ shared a video tutorial featuring the Test Token, the TST price saw a sharp surge in a short period. Later, the Binance founder confirmed that it was just for educational purposes and that he doesn’t endorse the TST token.

However, despite this, Binance announced a listing for the TST token while capitalizing on the trading volume. This has caused a major uproar in the crypto community asking CZ about the “fundamentals” of the token and the vetting process at the exchange.

Advertisement

Is Changpeng Zhao Shifting From Fundamentals?

Over the past year, Changpeng Zhao has been known for backing fundamentally strong projects. However, the recent developments around the TST token have prompted the crypto community to question him. Several people have been asking when CZ supports “fundamentals”, then why is he talking about the TST token which is functioning as a meme coin?

This has led to questions like whether CZ is shifting away from fundamentals or is getting into meme coins now. Furthermore, Changpeng Zhao is facing the question of why the TST token got listed on Binance, despite Zhao distancing himself from it. Responding to this, CZ wrote:

“I don’t know for sure. I am entirely NOT involved in their listing process. Based on historical experience, people always complain, “Why do you list this but not the coin I hold?” You might not like to hear this, but the truth is: exchanges must compete to list popular coins (with trading volume) as early as possible. If your coin is actively sought after by traders, you don’t need to talk to exchanges. As I always say, work on your project, not the exchanges”.

Furthermore, commenting on his meme coin involvement, Zhao said: “Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community”.

Advertisement

Zhao on Binance Listing Test (TST) Token

Changpeng Zhao has expressed concerns over the platform’s token listing process, calling it “a bit broken.” In a statement on social media, Zhao highlighted how the four-hour window between the announcement of a listing and the actual listing creates significant price volatility, especially in the case of TST token.

“The notice period is necessary, but in those 4 hours, token prices surge on decentralized exchanges (DEXs), and then people sell on centralized exchanges (CEXs). Not sure if there is a solution for this though. Just beware,” Zhao noted.

One user suggested that the listing on CEXs and DEXs should be simultaneous, responding to which, Zhao said: “I tend to agree. I think CEX should list (almost) everything automatically, just like DEX. But I am not running a CEX anymore”.

TST Token Pump and Dump

Soon after the Binance listing, the Test price surged by 300% to $0.50 with daily trading volume surging 372% to $1.42 billion. However, this was met with strong liquidations as the TST price tanked 60% from the peak and is currently trading under $0.20. Amid the ongoing TST token saga and Zhao clarification, the BNB price surged 7% earlier today.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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

LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus

Leading cryptocurrency exchange LBank has signed a historic sponsorship deal with the Argentine Football Association…

September 28, 2025
  • 24/7 Cryptocurrency News

USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure

Native Markets has staked and locked 200,000 HYPE tokens for three years, making USDH the…

September 28, 2025
  • 24/7 Cryptocurrency News

SEC to Decide on Six Spot XRP ETF Applications in October

The U.S. Securities and Exchange Commission (SEC) is preparing for a key week in October…

September 28, 2025
  • 24/7 Cryptocurrency News

Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL

Ripple has partnered with Ondo Finance to combine traditional finance with blockchain technology. This partnership…

September 27, 2025
  • 24/7 Cryptocurrency News

Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows

Ethereum’s exchange supply has dropped by more than 52% from their 2016 levels, hitting a…

September 27, 2025
  • 24/7 Cryptocurrency News

XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards

Axelar and Midas's mXRP vault has surpassed $22 million in deposits within days of launch.…

September 27, 2025