Meme coin TST soars 50% in just 24 hours. This percentage is the highest in the past week and has attracted the attention of many investors and crypto observers. After further investigation, the astonishing increase was due to the transaction of Changpeng Zhao (CZ), the founder and CEO of Binance.
Known as one of the most influential figures in the crypto industry, CZ’s actions not only triggered a price spike. But also increased liquidity and market interest in the TST meme coin. So, what really happened?
Facts Behind the Meme Coin TST Soars 50%
On February 22, 2025, Changpeng Zhao or CZ, made his first transaction to buy the TST meme coin. He even provided liquidity on the decentralized trading platform (DEX). This step was initially a personal experiment from CZ, who thought that TST transactions would not be difficult. Precisely after observing the PancakeSwap demo.
According to the blockchain analytics platform, CZ spent 1 BNB (equivalent to around 660 USD) to buy 5,388 TST. This transaction was carried out with the aim of testing the smoothness of trading and observing the market response to the relatively new meme coin.
After the first transaction, CZ also contributed to increasing liquidity by donating 1,111 TST and 0.096 WBNB (equivalent to around 64 USD) to the liquidity pool.
Impact of CZ Trading on DEX
CZ’s involvement in this transaction was not without purpose. As the CEO of Binance, CZ has a deep understanding of the trading and liquidity mechanisms in the crypto market. However, this action was more than just an experiment. How could it not be, after the trial, the value of the TST meme coin immediately soared by 50%.
This price spike successfully influenced supply and demand in the market. Creating greater liquidity. Liquidity providers are also involved in this phenomenon by helping to provide trading facilities on DEX.
In return, they get a share of the transaction difference that occurs on the platform. In other words, this transaction not only benefits CZ. But also provides additional benefits for those who play a role in providing liquidity for trading.
Able to Influence Market Sentiment
In addition to the direct effect on price, CZ’s action that caused the TST meme coin to soar 50% also affected overall market sentiment. The crypto community began discussing the possibility of a potential new product or initiative at Binance. Especially those that might be related to TST.
There is a lot of speculation. Given CZ’s involvement in this transaction, it could be an indication that Binance might be preparing something bigger behind the scenes.
On the other hand, there is also criticism that has emerged regarding CZ’s move. Some argue that CZ’s involvement in improving the performance of the BNB (Binance Coin) network can lead to potential manipulation. Even having a major impact on price instability.
Of course, this is a legitimate debate in the midst of a market that is very sensitive to major movements from important figures in the crypto industry. However, despite the pros and cons, one thing that is clear is that CZ’s move has added to the appeal of the TST meme coin.
Long-Term Guarantee
Investors and speculators in the crypto market are now starting to pay attention to the potential of TST as one of the coins that can provide big profits. Especially after getting encouragement from big figures like CZ.
While this price surge was short-lived, many are wondering whether TST can sustain its gains in the long term. In this case, CZ’s involvement may only be one factor influencing the price. While there is certainly no guarantee of a future, we can certainly not be sure.
In other words, the meme coin TST soars 50% in 24 hours clearly shows the power of Changpeng Zhao’s influence in the crypto world. However, as with any investment in the crypto market, it is still important for investors to be careful and do thorough research before diving in.
