Changpeng “CZ” Zhao, the past CEO of Binance, might have contributed to the recent spike of the Test Token (TST) intrinsically connected with BNB Chain. In the last day, the token has risen by 35.56% and is currently trading at $0.1091.
The BNB Chain AMM Shocker
Changpeng ‘CZ’ Zhao recently showcased his first experience using an Automated Market Maker (AMM) liquidity pool on X.
He stated that a Decentralized Exchange (DEX) never seemed appealing utilizing a Centralized Exchange (CEX) for all his transactions. However, this time he experimented and decided to deposit some BNB on TST.
CZ has also claimed that he jokes about how he underestimated the Platform. He mentioned having seen demos of PancakeSwap and found it simple. That’s why he wasn’t surprised when he stated “you don’t need to be smart to get lucky.” He explained that he did not follow any tutorials first so he could attempt to interact with the BNB Chain first hand.
In spite of observing shortcomings in DEXs, CZ remarks on two major problems: error messages that are confusing and overly public. While feedback does provide some value, it is unfortunate that these seemed to disappoint him.
The TST Price Trend and CZ Memecoin Links
CZ’s comments fueled the focus once again on BNB Chain’s TST, which registered a remarkable 35.56% price increase. This surge seems to inversely contrast with the negative price movement of the token in the subsequent days
When CZ mentioned his wishes to recuperate the losses made by the holders of TST and BROCCOLI tokens. This followed the creation of a few other alternative tokens that got severely pumped and dumped last week, which resulted in my poor Broccoli, the pet meme, having to wade through the ever-changing market.
Despite the popularity brought by CZ’s dog, BROCCOLI, the meme coin has worked wonders for the community but its price is volatile. Currently, the token’s activity within the BNB Chain ecosystem is particularly noteworthy.
Last week brought attention to a Broccoli purchase from a whale that effectively propelled each 160% upwards, thus transforming the coin into one of the most discussed. Broad social media claims, along with the speculations and whale movements, boost BROCCOLI and lead to new all time highs.
