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Cryptopolitan 2025-02-22 17:25:18

Binance’s CZ buys 1 BNB of $TST, now working on adding it to liquidity pool

Binance’s CZ buys 1 BNB of $TST, now working on adding it to liquidity pool

Changpeng CZ Zhao just bought 1 BNB worth of $TST (approximately 5,400), and now he’s figuring out how to add it to a liquidity pool (LP). The former Binance CEO admitted via a post on X that the process wasn’t as easy as expected, even for someone who built the world’s largest crypto exchange. “DEX is so much harder to use. 27 minutes to do a test buy… Still haven’t figured out how to add to the liquidity pool. And you have to do this while they are all watching on the blockchain,” CZ wrote . On-chain details of CZ’s TST token purchase. Source: BscScan CZ receives $1 million in crypto, asks what to do with it An hour before his TST purchase, CZ revealed that $1 million in crypto had landed in one of his wallets. He had originally sent $100,000 (150 BNB) from that address as a donation, but the same wallet unexpectedly received ten times that amount back. “I will not keep any of coins/tokens for myself,” CZ tweeted . “What should I do with it? Add to an LP pool? Airdrop? Donate to a charity? Send to a burn address? Any other ideas? Serious question. Limiting replies to people I follow to avoid spam. Will unfollow any spammers.” Crypto users immediately weighed in, with suggestions flooding in from all sides. Some demanded he burn the tokens, others pushed for a charitable donation, while a huge portion of the community begged for an airdrop. CZ hasn’t shared if he has made a decision but he probably used some of that to buy the TST tokens. TST’s interesting origin story $TST, or Test Token, wasn’t supposed to be a real crypto. It was actually created on February 7 as a tutorial asset on Four.meme, a platform designed to teach users how to launch meme coins on the Binance Smart Chain (BSC). The BNB Chain team featured $ TST in a demo video, inadvertently sharing the token’s name and contract address. That was all the degens needed. Within hours, traders—particularly in China—began sniping the token, and $TST took on a life of its own. Its market cap started at just $500,000, but hype-driven speculation pushed it past $50 million within three days, thanks to social media, speculative hypertrading, and the classic meme coin FOMO cycle. On February 9, 2025, Binance officially listed $TST, introducing TST/USDT and TST/USDC trading pairs. The listing exploded demand, sending prices even higher as retail traders flooded in. Binance repeatedly stated that $TST was not an official Binance-backed token. The exchange clarified that the listing was purely market-driven, saying over and over again that Binance had no control or involvement in its creation. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

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