Changpeng Zhao thinks that the crypto -activa list of Binance is ‘a bit broken’.
Zhao, who was co-founder of the exchange, recently went to the social media platform X to discuss Test (TST), a test smoking launched Through the BNB chain team for a self -study video about how you can make memecoins using its four.meme launchpad platform.
Binance recently mentioned TST and led to massive volatility in the price of the asset.
Explains Zhao,
“I think the Binance list process is a bit broken. They announce and then mention four hours later. The notice period is necessary, but in those four hours the token prices go high on Dexes (decentralized fairs), and then people sell on CEX (centralized exchange) …
However, I am not sure if there is a solution for this. Just watch out. “
The former Binance director too clarifying That he does not support the TST list and remains focused on Fundamentals instead of Memecoins.
However, Zhao notes that it does not mean that he is active.
‘Not’ in ‘something does not mean that I am against it. I don’t like sports cars; I don’t collect art; I have not bought NFTs (non-fungal tokens); I have not bought most altcoins either (I keep BTC and BNB). But I am not against one of the above. And I think most of you agree, that I have worked hard and ‘gone until a while’ to help many altcoins and the crypto industry in general. I take the same view of memecoins. ‘
Zhao served as Chief Executive of Binance until November 2023, when he promised to violate American anti-money laundering laws. Last year he served for two months at Lompoc II, a minimal security prison in California and another two months in a half -house.
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Generated image: midjourney