BNB Chain's TST Soars 35% After CZ's AMM Experiment

The price of Test Token (TST) on BNB Chain experienced a significant surge, jumping 35.56% in the last 24 hours, reaching $0.1091. This price action followed an unexpected social media post by Binance CEO Changpeng Zhao (CZ).

CZ's Unexpected AMM Experience

In a post on X (formerly Twitter), CZ publicly detailed his first-ever use of an Automated Market Maker (AMM) liquidity pool on a Decentralized Exchange (DEX). He candidly admitted to previously only using Centralized Exchanges (CEXs) and described his attempt to add BNB to a TST liquidity pool as an experiment. CZ's post highlighted some areas for improvement in the DEX user experience, specifically mentioning issues with error messages and a lack of confidentiality.

His experiment, however, inadvertently propelled TST's price upward.

TST Price Surge and Memecoin Connections

The recent price increase of TST comes in contrast to the recent performance of other memecoins linked to CZ. Following the creation of memecoins inspired by CZ's pet dog, named Broccoli, several tokens experienced significant price drops (60-80%) after initial pump and dump schemes. CZ later announced plans to compensate investors who suffered losses from these tokens. Despite the volatility, the BROCCOLI memecoin, also on the BNB Chain, continues to attract attention, with recent whale transactions further fueling speculation.

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Disclaimer: This information is for educational purposes only and is not financial advice. Conduct thorough research before investing in cryptocurrencies.