Binance's CZ Just Had His First DeFi Nightmare And Made $1M In The Process
February 24, 2025 at 2:55 PMby The Block Whisperer
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Former Binance CEO CZ struggles with DeFi basics, taking 27 minutes to buy $TST meme tokens, accidentally makes $1M after sharing wallet address.
Well, we just witnessed something incredible – CZ of Binance fame just stumbled through DeFi like a complete noob.
The former CEO of the world's largest exchange spent 27 minutes trying to buy a meme coin called $TST.
And somehow, in true crypto fashion, he accidentally made a million bucks in the process.
CZ dropped a single BNB on $TST tokens yesterday, scoring himself about 5,400 of the beloved tokens.
But the process wasn't exactly smooth sailing for crypto's biggest whale.
Our guy literally couldn't figure out how to add liquidity to a pool… and he built Binance for crying out loud.
What’s more, before this whole $TST adventure, CZ casually mentioned dropping 150 BNB (about $100K) from one of his wallets.
Then, in true Web3 fashion, the wallet mysteriously received $1 million in crypto back – CZ actually made a lot of money by just dropping his wallet address rather than spending the $100K he originally mentioned.
No doubt crypto Twitter degens are foaming at the mouth, having dropped their wallet addresses in countless Twitter threads only to receive airdrops of empty promises and hot air from would-be founders.
Now CZ is on X, asking the community what to do with this surprise bag – add liquidity, airdrop it, donate it, or just burn it all.
For those who missed the initial launch, $TST isn't just a random token that caught CZ’s eye.
This bad boy started as a tutorial token on Four.meme – it was literally designed to teach people how to launch memecoins on BSC and exists as an example of how to launch your own meme coin.
But, when someone leaked the contract address in a BNB Chain demo video, Chinese traders went absolutely bonkers, and the thing hit the moon faster than one of Elon’s rockets.
The market cap exploded from $500K to $50 million, and Binance actually listed it with TST/USDT and TST/USDC pairs, which is wild considering its origins are based on an accidental reveal.
But, to Binance’s credit, they're actively trying really hard to remind everyone they had nothing to do with creating it.
If CZ can't handle DeFi, what hope do regular users have?
The gap between CEX and DEX usability is still massive, with the former offering familiar and easy-to-use interfaces and the latter being like piloting a spaceship that happens to cost you tons of money should you push the wrong button.
And somehow, in the middle of all this, a tutorial token turned into a $50 million meme coin.
Just another day in the markets, huh?
One thing is for sure – this market is still as wild and unpredictable as ever… maybe even more than ever.
Even the biggest names in the game can get rekt trying to use basic DeFi tools, so keep your wits about you when connecting your wallet to new protocols.
Just because you can make a million dollars on accident in this industry doesn’t mean it will be easy to add it to a liquidity pool.
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