Binance CZ: No Meme Coins Bought

Binance Co-Founder CZ Clarifies Stance on Meme Coins and NFTs

• Changpeng Zhao, known as CZ, has never purchased a meme coin or NFT.
• CZ’s crypto holdings are limited to Bitcoin (BTC) and Binance Coin (BNB).
• The Test (TST) token incident highlighted issues with Binance’s listing process.
• CZ criticized the four-hour window between announcement and listing on Binance.
• Regulatory scrutiny is suggested as a reason for the rise of meme coins over utility tokens.

CZ clarified that while he hasn’t invested in meme coins or NFTs, he is not opposed to them. The TST token controversy underscored potential flaws in Binance’s listing procedures, which CZ described as “a bit broken” due to price manipulation risks.