Changpeng Zhao, the founder of Binance, shared his views on the recently released Test (TST) memecoin, which quickly reached high market values.
Market Launch of Test (TST) Memecoin
The Test (TST) token was introduced by Changpeng Zhao for testing purposes. This move garnered significant interest, and TST soon reached high market values and was listed on Binance.
Changpeng Zhao's Reaction to Market Events
Before purchasing TST, Zhao stated he would 'test buy' the token, suggesting the founder acquired TST. Following his statement, TST's price sharply increased.
Impact on TST Price and Zhao's Opinions
After Zhao's announcement, TST's price rose by 60%. However, at the time of writing, the token is trading 28% higher than prior values. Responding to a follower's question about his continued purchases, Zhao emphasized that the token serves testing purposes.
Changpeng Zhao continues to exert significant influence on the cryptocurrency market, particularly in the realm of memecoins, as demonstrated by the recent case with TST.
