Following Donald Trump's launch of his own memecoin, questions arose regarding whether other influential figures in the cryptocurrency industry would release their tokens. Binance founder CZ became a focal point of curiosity.
Trump's Token Launch and Community Reaction
After Donald Trump launched his memecoin, there was considerable discussion on whether other figures in the industry would follow suit. The potential for Binance founder CZ to release a token was of particular interest, though he stated he currently has no plans to do so.
CZ Binance's Reaction and Position
Despite CZ not releasing his token, he indirectly mentioned a memecoin in an X post. It turned out that a test token called TST was created in a BNB Chain training video. CZ emphasized that neither he nor anyone from his team owns the token or supports it as an official platform product.
Video Tutorial and Its Consequences
CZ explained that the test token TST was shown in a training video, which attracted investors' interest. The token, meant solely for educational purposes, rapidly gained attention, causing its price to rise significantly. In response, the video was temporarily removed to prevent unnecessary investor purchases. CZ also mentioned that the video would be re-uploaded for educational purposes but that it does not constitute an endorsement.
The situation with TST highlighted how swiftly information can impact the market, even unintentionally. Binance and CZ remain neutral, underscoring the educational intent of the token used in the video.
