Amid rising speculation, Changpeng Zhao (CZ), the co-founder and former CEO of Binance, has clarified his stance regarding meme coins. In response to inquiries about his involvement with meme tokens, he firmly stated that he has never purchased any. His comments come in light of the recent TST token saga, where a video tutorial he shared led to a dramatic spike in the TST price. CZ’s assurance aims to alleviate concerns amongst traders who feared potential market manipulation linked to his influence. By addressing this controversy directly, Binance reinforces its commitment to transparency in the ever-evolving crypto space, thereby building trust among its user base. As the memecoin craze continues, keeping an eye on Binance’s strategies becomes imperative for traders.