Saturday, March 15, 2025
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BNB Chain’s. Former Binance CEO Changpeng ‘CZ’ Zhao’s recent mention appears to have significantly influenced the price action of the Test Token (TST) on BNB Chain. Currently, TST is trading around $0.1091 after surging by an impressive 35.56% in the last 24 hours—a move many attribute to CZ’s unexpected foray into decentralized finance.

The BNB Chain AMM Surprise

In a candid post on X (formerly Twitter), CZ, a figure whose opinions often move markets, revealed that he was using an Automated Market Maker (AMM) liquidity pool for the very first time. Until now, he had consistently relied on Centralized Exchanges (CEXs) for all his transactions, finding no compelling reason to venture into Decentralized Exchanges (DEXs). However, in an effort to try something new, he decided to test the waters by depositing a few BNB tokens into TST.

BNB

BNB

With his trademark humor, CZ commented, “I seen demos of Pancake before. It looked so simple. I thought, how hard could it be? But I forgot my IQ level. (Look on the bright side, it shows you don’t need to be smart to get lucky,” he wrote. This playful remark not only lightened the mood but also piqued the curiosity of many in the crypto community. Eschewing tutorial videos, he chose instead to experience the platform firsthand, remarking that his inaugural journey on BNB Chain was an eye-opener. He pointed out that while the DEX experience is user-friendly, there remains considerable room for improvement—specifically citing issues with error messages and a lack of platform confidentiality, which left him somewhat disappointed.

TST Price Reaction and Memecoin Movements

The aftermath of CZ’s post was swift and notable. TST’s price rallied dramatically—registering a 35.56% jump in less than 24 hours—which drew renewed attention to the token and the broader BNB Chain ecosystem. This surge came at a time when the market was already buzzing with speculation, especially given recent events involving other meme coins.

Adding to the intrigue, CZ later announced plans to compensate victims of losses incurred from both TST and another token called BROCCOLI. This move followed a volatile period during which several alternative tokens, linked to CZ’s influence, experienced pump-and-dump schemes. These tokens, at one point, saw their prices tumble by 60-80% from their peaks, sending shockwaves through the market.

BROCCOLI, in particular, has garnered attention due to its unique inspiration—a nod to CZ’s own pet dog. Despite its turbulent history, the memecoin has managed to capture the interest of market participants. Notably, a recent purchase by a prominent crypto whale triggered a staggering 160% surge in BROCCOLI’s price, positioning it as one of the hottest tokens on the BNB Chain. Social media buzz, speculative trading, and significant whale activity continue to drive its value higher, even as concerns about market volatility persist.

Conclusion

In summary, CZ’s unexpected experiment with an AMM on BNB Chain has not only boosted TST’s price by over 35% in just a day but also ignited broader discussions across the meme coin market. His direct involvement and humorous take on the experience have underscored the unpredictable nature of crypto trading, reminding investors of the power that influential figures can wield over market sentiment. As TST and BROCCOLI continue to capture attention, the ripple effects of CZ’s actions highlight the dynamic and often volatile landscape of decentralized finance.

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crypto & nft lover

Johnathan DoeCoin

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crypto & nft lover

Johnathan DoeCoin

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