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Alerting
@alerting
After $TST was listed on Binance, it seems that CZ noticed the community's strong backlash, so he posted a clarification on X ➡️ LINK. Here are the key points I gathered: ➡️ CZ emphasized that he is a builder and only focuses on fundamental values. ➡️ CZ stated that he does not own any memecoins, but he is also not against them. ➡️ CZ mentioned that he doesn't know exactly why $TST was listed on Binance. However, he explained that exchanges compete to list tokens with high trading volume as early as possible. If a coin achieves this, exchanges will naturally seek to list it. ➡️ Memecoins are a fun and highly community-driven culture, so people shouldn’t be against these communities. ➡️ Lastly, CZ admitted that Binance’s listing process needs improvement, as the current system only announces new listings about 4 hours before they go live. This triggers early price surges on DEXs, leading to sell-offs once listed on CEXs.
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