Former Binance CEO Changpeng Zhao has made a statement regarding his stance on meme cryptocurrencies and clarified the TST token listing process on Binance.
Changpeng Zhao on Meme Cryptocurrencies
Changpeng Zhao stated that he has not purchased meme cryptocurrencies and is not involved in collecting non-fungible tokens. He emphasized the importance of fundamentals in investments, stating, "I am a builder. I always focus on fundamentals."
TST Listing on Binance
Following the recent listing of the TST test token on Binance, Zhao clarified that he was not involved in the listing process. An educational video explaining the operations of Four.meme, the first meme coin factory on the BNB Chain, was removed but later re-uploaded. Zhao noted that the token gained popularity in the Chinese community, which led to a sharp increase in its market cap.
Zhao's Attitude Towards Meme Coins
Zhao is not against meme cryptocurrencies, despite not personally investing in the area. He stressed that he is not endorsing TST and that the token is not affiliated with Binance. Zhao also highlighted the importance of community support, stating, "I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community."
Changpeng Zhao continues to emphasize the importance of fundamental principles in his investment activities, despite the growing popularity of meme cryptocurrencies. He also noted his neutrality in supporting or opposing such projects.
