CZ Talks Meme Coins, Crypto Chaos, and TST’s Wild Ride

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So, hold on to your hats, folks! Binance’s head honcho, Changpeng Zhao (CZ), took to X (you know, the social media site formerly known as Twitter) to clear up some of the chatter after TST—a coin that’s hotter than a jalapeño dipped in sriracha—made its grand debut on Binance this past Sunday.

And guess what? CZ is not exactly putting up a “Meme Coin Haters Club” sign in front of his office. He’s just… not into them. But don’t go throwing tomatoes at him yet—he’s not trying to ruin anyone’s meme party!

CZ’s Big Meme Coin Reveal (Spoiler: He’s Not Your Meme Coin Santa Claus)

In a post that had more twists than a pretzel factory, CZ dropped this bombshell on February 9:

“Is CZ against meme coins? No. Not ‘into’ something doesn’t mean I am against it.”

Oh, and he didn’t stop there! He went full philosophical mode: “Look, I don’t drive sports cars, I don’t buy fancy art, and no, I’m not collecting NFTs. But that doesn’t mean I’m out here burning them in the street either.” Classic CZ move—he’s basically saying, “I’m a builder, not a meme destroyer.”

Now, let’s address the elephant in the room: TST’s meteoric rise. It was created as a tutorial coin for the Four.Meme platform. Yeah, it was supposed to be a ‘test,’ but whoops, now it’s as hot as a TikTok dance challenge and has millions of dollars in market cap, thanks to some Chinese crypto influencers giving it a little… nudge.

And what did CZ do? He hopped online to say, “Nope, not us!” But here’s the kicker: the more he clarified, the more people were like, “Wait, I need this meme coin in my life!” 😂

But, it wasn’t all sunshine and rainbows. Despite all his clarifications, TST just kept getting more viral. CZ made sure to point that out with a wink and a nod in his latest update: “Every clarification post just made it more viral for whatever reason.” You can practically hear the sarcasm in his words. 😂

Now, as TST hit Binance and immediately plummeted 60%, CZ pointed out something so meta, it made our heads spin: the exchange team—who apparently didn’t consult him—listed TST anyway. Guess it’s their circus, his monkeys. 🤷‍♂️

The Meme Coin Mystery: Why Traders Love ‘Em

But wait—there’s more! CZ spilled the tea on why traders are flocking to meme coins like seagulls to a hotdog stand. Turns out, real utility tokens have become the equivalent of a high school detention—thanks to regulators coming down on them like a ton of bricks and calling them “securities” (because why not make everything complicated?).

And, surprise! Traders like quick, easy action, and meme coins? Well, they’ve got volatility, baby. Utility tokens are like watching paint dry—stable but snooze-worthy.

As for the traders who love to speculate, CZ had a word of wisdom for them: “If you want to make money in crypto, go for the chaos, not the calm waters.”

To wrap it up, CZ dropped this truth bomb, and honestly, we need to get it printed on t-shirts: “Memes are fun, etc. It’s a cultural thing. I’m not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.”

And that, my friends, is why you never try to take a meme away from the internet. It’s like trying to take candy from a baby who’s got 10,000 followers. Not happening. 💥

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2025-02-10 18:39