Binance's Token Listing Process Under Scrutiny Amid Volatility Concerns
Binance's Token Listing Process Draws Concerns from CZ Zhao
Binance's token listing process has come under scrutiny due to its brief four-hour notice period, which can trigger significant price swings. CZ Zhao, the exchange's founder, noted that such short notices often lead to sharp price increases on decentralized exchanges (DEX) followed by sell-offs on centralized exchanges (CEX).
The TST Memecoin Example
The issue gained attention with the unexpected popularity of TST, a memecoin featured in a BNB Chain tutorial. Despite CZ's clarification that his mention was not an endorsement, TST's value surged by 38% after Binance listed TST/USDT and TST/USDC pairs, reaching a market cap of $185.9 million.
CZ Zhao Clarifies His Role
Zhao emphasized that his involvement with TST was merely illustrative and reiterated his distance from Binance's listing decisions, stating he wasn't involved in TST's listing. This highlights his concerns about the process's potential impact on market dynamics.
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