CZ: I am not sure whether TST will be listed on Binance and I am not involved in the listing process

PANews reported on February 9 that Binance founder CZ posted on the X platform that TST has been launched on Binance and has a few thoughts:

1. CZ talked about "fundamentals" and then about going from a test coin to a meme coin. I posted a clarification that TST is not endorsed by me/us. It is just a test token used in video tutorials. But for whatever reason, every clarification post made it more popular.

2. Is CZ moving away from fundamentals? No. I am a builder. I always focus on fundamentals.

3. Does CZ "like" meme coins now? It depends on your definition of "like". So far, I have not bought a meme coin.

4. So, is CZ against meme coins? No. Not “liking” something doesn’t mean I’m against it. I don’t like sports cars; I don’t collect art; I haven’t bought any NFTs; and I haven’t bought most altcoins (I own BTC and BNB). But I’m not against any of the above. I think most of you would agree that I work hard and “do my best” to help many altcoins and the crypto industry as a whole. I feel the same way about meme coins.

5. Why is TST listed on Binance? I don't know. I was not involved in their listing process at all. Historically, people always complain, "Why did you list this but not the tokens I hold?" You may not like to hear this, but the fact is: exchanges have to compete to list popular tokens (with trading volume) as early as possible. If your token is actively sought after by traders, you don't need to talk to exchanges. As I always say, focus on your project, not the exchange.

6. Why do people buy memes instead of utility tokens? I don’t know, but I’m willing to hazard a few guesses (pun intended). Over the past four years, a powerful regulator has sued almost everyone who has utility tokens, falsely claiming they are securities. So people start putting out memes. There is a class of traders called speculators. Things with clear tangible value are harder to speculate on. They stay around a clear value. This is really challenging for RWA. For example, a building that doesn’t fluctuate much in value may not have much trading activity. Then it won’t have much liquidity, the order book will be thin, and then there will be less trading activity, forming a vicious cycle. Memes are funny, etc. This is a cultural issue. I’m not an expert on this. There are a lot of die-hard defenders of memes. Don’t go against the community.

7. Finally, it’s clear that there is a lot of money to invest in the market. There are a lot of opportunities. You need to create something that people want.”