Zhao criticizes Binance’s token listing process, calling it “broken” due to volatility from delays between announcement and listing.
Analysts warn that tokens listed on exchanges may face price drops due to high valuations and excess liquidity.
Changpeng Zhao (CZ), the former CEO of Binance, has raised concerns over the platform’s token listing procedures, referring to the process as “a bit broken.” Zhao’s comments come in the wake of the Test Token (TST) controversy, which has stirred the crypto community and prompted widespread discussion on Binance’s listing practices.
Token Listing Issues: A Broken Process?
The token experienced an immediate price surge following Zhao’s video tutorial, which featured TST as an example of a meme coin. Despite clarifying that the video was purely for educational purposes and that he did not endorse the token, Binance listed TST on its platform. The token’s market cap increased by $185.9 million following the listing.
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