Binance founder questions token listing process amid TST surge

Published 10/02/2025, 10:44
Binance founder questions token listing process amid TST surge

Changpeng "CZ" Zhao, the founder and former CEO of Binance, raised concerns over the cryptocurrency exchange’s token listing process, which he believes may be flawed due to the short notice given before new tokens are listed.

Zhao pointed out that the typical four-hour window between a token’s announcement and its listing could lead to significant price volatility on decentralized exchanges (DEXes).

He observed that when Binance announces a new token listing, prices tend to spike on DEXes, followed by a sell-off on centralized exchanges (CEXes). Zhao expressed his uncertainty about finding a solution to this issue, cautioning market participants to be aware of the potential risks.

The issue came to the fore with the unexpected popularity of TST, a memecoin that was featured in a BNB Chain video tutorial about launching memecoins through the Four.Meme platform. The coin’s exposure was further amplified by Zhao’s subsequent social media post last week, which was intended to clarify that he did not endorse TST, but instead resulted in increased attention for the token.

Following the buzz around TST, Binance announced on the same day that it would introduce TST/USDT and TST/USDC trading pairs. Since its listing, TST’s value has climbed by 38%, trading at approximately $0.19. The coin’s market capitalization has reached $185.9 million, with a fully diluted market cap of $195.5 million.

Zhao reiterated that his mention of TST was not an endorsement and that it was merely used as an example in a tutorial. He also distanced himself from the listing process at Binance, stating, "I don’t know for sure why TST got listed on Binance. I am entirely NOT involved in their listing process."

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