Changpeng “CZ” Zhao, former CEO of Binance, is as soon as once more publicly distancing himself from the quick TST token. It seems that the BNB chain workforce denying possession of CZ and tokens had no impact on its upward trajectory.
Nevertheless, the web sites and official Twitter accounts created for the TST token seem to make use of the Binance brand. That is why CZ took him to him. X Account To make it clear that the BNB chain has not been engaged on creating web sites or social media accounts.
CZ’s translated put up made it clear that Binance didn’t launch the TST token. Supply: @cz_binance (x/twitter)
CZ is distanced from the TST token
TST Token first attracted mainstream consideration within the cryptocurrency group after creating an academic video to indicate customers how you can launch Memecoin. 4. Meme Platform.
The TST token was created as a video demonstration asset and was not supposed for public transactions. Nevertheless, following the discharge of the video, the token skilled an enormous surge in market capitalization, reaching round $41 million earlier than it stabilized at round $10 million.
The BNB workforce eliminated the TST tutorial video, and CZ revealed that the token isn’t an official challenge for the Binance or BNB chain workforce.
Lookonchain It has been reported That the early patrons of TST tokens are at the moment sitting on a revenue of $2 million on funding.
Changpeng Zhao took him to X (previously Twitter) and made it clear as soon as once more that he wasn’t concerned within the TST token. His put up was made in Chinese language as the talk over tokens seems to be extra widespread within the Chinese language market.
My impression was that TST is primarily spoken within the Chinese language group. 🙏
I may also put up in all languages I do know sooner or later. Translation of AI could be very simple for readers.
– CZ🔶BNB (@CZ_BINANCE) February 8, 2025
CZ’s assertion relating to X follows the invention that the TST token now has an official web site and social media account to X carrying the Binance brand.
“I’ve heard that TST already has an internet site and an X account. So far as I do know, neither of them is created or managed by a BNB chain or a Binance-related workforce. They’re managed by somebody locally. CZ revealed.
CZ warns of copyright infringement
CZ’s X put up not solely distances him and the Binance workforce from the token, but in addition makes the workforce behind the TST tokens exploit “connections” for Binance and stops deceptive the group. I’ve warned. “They used the Binance brand with out permission. That is infringement and must be modified.”
CZ additional mentioned he has not personally invested within the TST token as he has not bought memokine. “Like all meme cash, I’ve by no means purchased them and do not personal TST. It is now utterly group motion. Defend your self and take duty to your personal actions.”
Group-driven tokens are sometimes organically created and pushed by group hype and enthusiasm. This decentralized strategy can drive innovation, however it additionally poses sure dangers to buyers and well-known manufacturers within the crypto trade.
These initiatives might use fraudulent branding to equip them with legitimacy and acquire belief from buyers. The instance is the Hackathon G-AI utilizing the Solana brand with out permitting it to be spoofed.
The identical seems to be taking place with newly emerged TST tokens and benances.
