Zhao Changpeng confidently bought Meme Coin TST incentive coin price soared 75%

Binance founder Zhao Changpeng (CZ) recently responded to the community's discussion on social platform X that Binance "is not close enough to users on the chain", and said that he would personally experience purchasing Meme coins on the chain. This move has sparked heated discussion, and many people speculate that its target Meme coin is. Some people suggest choosing the Meme coin with the same name as CZ pet dog "Cauliflower", and some people recommend the AI ​​concept coin on BNB Chain.

CZ buys TST and tests DEX experience for personal test

On-chain analyst Aunt Ai monitored that CZ used its public donation address to purchase a Meme coin worth $662 TST with 1.005 BNB. TST is a demonstration token deployed by the BNB Chain team on its ecological launch platform four.meme. CZ has previously forwarded relevant information. TST then quickly logged into the Binance spot market and became popular. The community has many questions about this, and CZ responded humorously: This is a test token for testing.

CZ not only buys TST, but also tries to add liquidity to the TST/WBNB trading pair, injecting 1110.99 TSTs and 0.096 WBNBs for a total value of about $200. However, the whole process was not smooth, and CZ complained on X: "Decentralized exchanges (DEXs) are really difficult to use!" He said that it took 27 minutes to complete the purchase, and adding liquidity was even more confusing, and all transactions can be viewed publicly. But he later added that it was just a joke and said that this was his first time using AMM, liquidity pool and other functions.

DEX user experience needs to be improved urgently, CZ points out three major pain points

CZ emphasizes that this experience has no tutorials at all, aiming to test the new DEX experience, and points out that there is still a lot of room for improvement in the current process:

• Error message is difficult to understand.
• There may be robot monitoring and rushing to trade.
• All transactions are disclosed in real time.

CZ believes that DEX still has a lot of room for improvement.

CZ: Cannot become a real "local dog" user

CZ had previously admitted that he could not become a real "local dog" player. He said that he did not pursue short-term returns and his mentality was difficult to replicate.

TST price rose by 75%

CZ's purchasing behavior has stimulated TST's price to rise. Binance spot market data shows that TST price soared from $0.0815 to $0.143, an increase of up to 75%. Before the deadline, TST's price was temporarily reported at US$0.1241, with a 24-hour increase of 53.17%, and its market value returned to more than US$100 million.

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