After US President Donald Trump launched his own memecoin, it became a matter of debate whether important names in the cryptocurrency industry would also launch their own tokens.
At this point, while it was wondered whether Binance founder CZ would issue his own token, CZ said that he was not thinking about it at the moment.
Although CZ did not issue his own token, he indirectly promoted a memecoin in a post he made from his X account.
CZ said in his post from the X account that a token named TST was created as an example in a BNB Chain training video.
He noted that although this token was not designed for real trading, investors started buying after the token’s name was shown in the video.
CZ stated that the team member deleted the video after learning that investors had started buying, and that he told the team member to upload the video back.
CZ stated that telling him to upload the video back did not mean that he approved the token called TST, and that Binance or anyone from the team did not receive this token.
CZ finally stated that the token named TST is not an official token issued by the BNB Chain team or anyone else, and that it is only a test token used for video training.
“A member of the BNB Chain team just told me:
“We made a step by step video tutorial to launch a meme token on the Four. meme platform. In this video we launched a token called TST as an example.
When we released the training video yesterday, there is a frame at 1:18 where the name is revealed.
The Chinese community has started to buy, sell and promote this token, currently the market value of this token is $494.56 thousand.
The team member deleted the video after learning about this. I suggested they put the video tutorial back. However, this is NOT an endorsement from me for the token.
No one on the team or at Binance owns this token.
This is NOT an official token by the BNB Chain team or anyone else. It is just a test token used for that video tutorial. Nothing else.”
Before CZ’s tweet, the altcoin TST had a market value of $494,000. However, after CZ’s post, the price jumped by a half.
A tricky situation. A BNB Chain team member just told me this:
“We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.
When we posted the education video yesterday,… https://t.co/lD77CaQDCj
— CZ 
BNB (@cz_binance) February 6, 2025
*This is not investment advice.
Continue Reading: CZ Advertised a Memecoin, Price Jumped Huge!
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