Changpeng Zhao (CZ), the founder of the prominent crypto exchange Binance, has recently made buyouts of the $TST and $MUBARAK tokens. As per the data from Lookonchain, Changpeng Zhao spent nearly 1 $BNB to purchase $TST and 1 $BNB to purchase $MUBARAK tokens. The on-chain analytics platform revealed CZ’s latest buyouts in a recent social media post.
CZ Buys Each of $TST and $MUBARAK Tokens for $600
Lookonchain’s data points out that Changpeng Zhao conducted the purchases of the $TST and $MUBARAK tokens on the Binance Smart Chain (BSC). Each of these purchases accounts for 1 $BNB, accounting for up to $600 in value. These buyouts have reportedly triggered discussions across the crypto sector. Several consider these purchases to signify an exclusive trend in the world of meme coins. Others think this development to be a testing investment strategy.
The $TST and $MUBARAK tokens’ buyout by the Binance founder, a famous personality in the crypto world, is notable for the future trajectory. Following these purchases, the aforementioned crypto assets are anticipated to reach new heights. The buyouts while potentially raise the investor interest as well as demand for these tokens.
Buyout Sparks Speculation about Further Growth of Projects
According to Lookonchain, the Zhao’s purchase of $TST and $MUBARAK is noteworthy for their further price growth. The crypto community expects a significant increase in liquidity and enthusiasm around these projects in the near term. However, based on the extremely volatile nature of the meme coins, the investors are advised to exercise caution while investing in them.
