Key Points:
- CZ warns against TST memecoin – Denies any affiliation with the project.
- Unauthorized Binance branding – Calls out infringement concerns.
- Memecoin mania continues – Industry sees growing mainstream interest, including ETF proposals.
CZ Distances Himself from TST Memecoin
Changpeng ‘CZ’ Zhao, the founder and former CEO of Binance, has publicly denied any involvement with TST, a new memecoin gaining traction within the BNB Chain ecosystem.
In a statement on X (formerly Twitter), CZ warned the community about TST, revealing that a website and an official X account had been created for the token. However, he clarified that neither Binance nor the BNB Chain team is behind the project.
“I do not know who controls this token, but it is not affiliated with Binance,” CZ emphasized.
Also read: Ethereum Set to Explode? 3 Reasons Why a Massive Rally May Be Coming Soon!
Unauthorized Use of Binance Branding
CZ also raised concerns about the unauthorized use of the Binance logo on TST materials. Calling it an infringement, he demanded the removal of the branding, reinforcing that neither he nor Binance holds any stake in TST.
“Like other memecoins, I have never bought or owned any TST token,” CZ stated, urging his 9.5 million followers to remain cautious and make informed decisions.
The former Binance chief reiterated the importance of self-responsibility in the crypto space, warning users to be wary of misleading associations.
Memecoin Craze and the Rise of TST
Memecoins continue to dominate the crypto market, with the BNB Chain playing catch-up to competitors like Solana.
- The hype around TST began as a BNB Chain tutorial demonstration, unexpectedly turning the token into a community sensation.
- Within 4 hours, its market valuation surged to $35 million, later skyrocketing over 22,000% to surpass $100 million.
- Despite the excitement, Solana remains the leading blockchain for memecoins.
Also read: XRP ETFs Move Closer to Approval: BlackRock Raises Stake in Strategy i
Memecoins Enter ETF Conversations
The growing popularity of memecoins has also caught the attention of asset managers.
- Tuttle Capital Management has filed for a leveraged Dogecoin ETF with the U.S. Securities and Exchange Commission (SEC).
- Rex-Osprey is pushing for a fund featuring memecoins like BONK and TRUMP.
- Memecoins now boast a combined market cap of $70 billion, signaling a maturing asset class despite their volatility.
While analysts remain skeptical about regulatory approval, the movement highlights memecoins’ growing influence in mainstream finance.
Also read: Bitcoin Set to Skyrocket? Rare Patterns Indicate a Potential $166K Breakout!
Final Thoughts
The TST memecoin frenzy reflects the increasing interest in community-driven digital assets. However, CZ’s warning serves as a reminder for investors to proceed with caution—especially in a market where hype can often overshadow legitimacy.
