To keep up with the craze of meme token launches, the BNB Chain (Binance Chain) team introduced the meme token deployment platform four.meme on the 5th, demonstrating the specific steps to deploy meme tokens on the BNB Chain. Unexpectedly, they inadvertently exposed a meme token called TST, which was used as a demonstration example. After CZ (Changpeng Zhao), the founder of Binance, explained the situation on the 6th, TST went viral.
After CZ's post, the TST market cap broke $50 million within an hour, and the TST token price skyrocketed to as high as $0.05, with a market cap exceeding $50 million. However, it subsequently plummeted, and by the 7th, it had dropped over 84% from the peak on the 6th.
Binance Alpha Launches TST, Token Price Surges Over 1000%
Although it was thought that the TST hype had faded, Binance Alpha unexpectedly added TST last night at 8 PM, and the news sparked market anticipation that TST might be listed on Binance, driving TST to surge again.
Possibly influenced by the Binance Alpha listing, GMGN data shows that the TST token has surged over 1000% in the past 24 hours, from around $0.02 to a high of $0.226. As of the time of writing, it has retreated to $0.14, still up nearly 400% in the past 24 hours, causing its market cap to climb to $140 million.
Early Investors Miss Out on 2.3 Million USD Gains
With TST surging again, some early investors who sold at the first peak are regretting their decision. According to Lookonchain's monitoring, one trader had sold 29.35 million TST for $2,078, but if they had held it until now, it would be worth over $2.3 million, a massive missed opportunity.
CZ Calls Out Community Members for Unauthorized Logo Use
However, amid the renewed TST hype, CZ tweeted that he has heard that TST already has a website and an X account, but these were not created or controlled by the BNB Chain or any Binance-related team. They are controlled by community members, and the specific responsible parties are unclear. They have used Binance's logo without authorization, which is an infringement, and they need to make changes. He suggested using a similar identifier like "Passed Test":
Like all meme coins, I have never bought or owned TST. Now it's a completely community-driven effort. Please everyone, take care of yourselves and be responsible for your own actions.
