The former CEO of Binance, Changpeng Zhao (CZ), denounced the allegations to buy parts even.
Zhao has transmitted his position on the meme parts market, clarifying That he never bought money. However, it has reduced a neutral position on the role of parts even in the digital asset industry.
Changpeng notes on Sunday, February 9, following news from Binance listing the TST token on the exchange of crypto. The co-founder of Binance said that the TST token was a test part which quickly became a piece of memes.
Zhao dissociated himself from the Binance inscription process. He reiterated that adding new tokens implies a competitive process for crypto exchanges.
Cz Clarity raises the play of Mesmes TST
Zhao rejected TST’s approval, stressing that the token was initially mentioned in a video tutorial. However, CZ notes that subsequent clarification items on the TST token have accelerated its visibility.
Zhao, the brain behind the largest crypto exchange in the world, has reaffirmed its devotion to the construction and priority of fundamentals in various crypto projects. He weighed in current speculation on personal ties with the parts even, indicating that he had never bought it.
Changpeng assured his X, formerly Twitter, subscribers of his non-participation in the investments even corner, although he avoided having opposed it.
Earlier in November of last year, Zhao exhorted Industry to prioritize the development of real block chains. Although he is not opposed to the pieces even, he considers that tokens have a strange nature.
Zhao compares his firm position to his interest refused for the sports vehicle, non -butties (NFTS) and art collections. However, this has not eroded its support for the wider industry of digital assets.
Zhao’s Declaration obtained the support of the market education platform on time, labeling The coins start from entertainment to bizarre and desperate nature. Market analyst Willy Woo echoes this feeling, comparison The current trend of the room even to the early use of blockchain in cases of play.
In addition to clarity on coins, Zhao revealed that he had never bought most of the altcoins because he mainly held Bitcoin and BNB. Nevertheless, Zhao assured us that he would contribute to the development of cryptography, including blockchain and altcoin initiatives.
Has Zhao participated in the list of Binances?
Zhao died in Binance’s decision to list TST, excluding his contributions and ignoring the reasons considered. He added that crypto exchanges are competitive and will list the tokens with high commercial demand.
According to Zhao’s account, projects naturally attracting solid interests from trader erod the need to undertake direct awareness of potential exchanges.
Zhao weighed on the broader trend of digital assets, observing that traders asked why certain tokens were listed on others. He urged the project teams to prioritize development and market traction rather than focus on lists.
Same corners of growing interests
Zhao’s response explains potential factors fueling the popularity of coins. He indicated that the regulatory challenges faced by utilitarian tokens mobilize more projects to adopt assets based on memes.
The former leader of Binance observed that speculative trade has a critical contribution, since assets with a lower intrinsic value are vulnerable to volatility. Often, such a attractive commercial activity in part from the meme parts called on communities via the value of entertainment and cultural commitment.
Zhao observed that substantial capital is actively on the market. He urged manufacturers to commit to developing products guided by market demand while exercising caution against excessive risk.
Zhao’s move to clarify the links with the pieces even emerges from the volatility of the pieces even, as evidenced by Trump’s official dive from a peak of $ 73.43 on January 19. The Trump price fell 77.99% compared to its top of all time (ATH). Price barely a month since its unveiling.
The drop in prices of 14.50% in the last seven days, Trump underperforms the world market for cryptography, which slipped 4.70%. A more in-depth examination shows that the memes Trump piece follows cryptos based in the United States which also slipped 2.50%, according to Coingecko data.
