In a crypto -money market, Binance Founder Changpeng Zhao (CZ) announced that he wanted to support the victims of TST and Broccoli Token, who had been exposed to a major Pump and DUMP operation in the last week. These tokens, which are thought to be linked to the CZ, have decreased by 60 %to 80 %of their peak levels and created a serious panic environment in the market.
Back from the Binance founder in the middle of the breast coin craze
Binance founder CZ recently shared the name of his dog Broccolı, causing a hype around this name. As a result, various breast coins, which were released under the name Broccolı, gained value and then a major decrease. In particular, a nipple bearing the name of the CZ’s dog gained 160 %in its first launch, and then lost more than 75 %and lost many investors.
After these developments, CZ decided to take a step to help the victims. On Tuesday, Binance founder donated 150 BNB to a university student who devoted $ 50,000 out of his own pocket to support the victims of the Libra project. The total value of this donation was calculated as approximately $ 100,000. CZ said that this student has made significant gains from BNB investments.
CZ: “I don’t support these tokens”
Changpeng Zhao’s donated wallet address began to buy more BNB and different tokens than the first amount he sent. CZ announced that it would not hold these funds personally and that they would donate to TST and Broccol to Token victims. In his sharing on the X platform, he said:
I will not even keep a single Satoshi (0.00000001 BTC) of this money. I will probably donate to the victims of TST or Broccol. However, this does not mean that I support any tokens. Please do not interpret this misunderstanding.
In addition, investors warned rapid earnings expectations: “You usually lose when you try to make money quickly. But when you donate money, you will get more back. ” he said
CZ’s test token sharing had mobilized the market
CZ shared a training video about BNB Chain last week, and Test (TST) token was used as an example in this video. This sharing led to the release of a breast Coin called TST and reached large trading volumes. However, the CZ completely moved away from the situation by stating that there was no connection with this tokene. The daily trading volume of TST, which lost 52 %in the last week, increased by 48 %and exceeded $ 205 million.
Binance founder also touched upon the Pump and Dump process in the Lıbra token, supported by Argentine President Javier Milei. CZ emphasized that effective names in the sector should be careful when supporting certain tokens and that the tokenomic structure of an asset is of great importance in terms of the sustainability of an asset.
