The BNB Chain team wanted to demonstrate in an instructional video, using the TST Test Token as an example, how the Four.Pump Platform can be used to generate meme coins. Degens blew the whole thing out of proportion. We’ll talk more about it.
What Attracted Crypto Users to TST
Capitalization for the TST meme quickly reached $500,000. In this context, Changpeng Zhao decided to explain independently what was going on.
A tricky situation. BNB Chain member told me: “We created the video tutorial for http://four.meme to launch meme token. This video shows the launch of a token called TST.
After watching an educational video by BNB Chain one of China’s crypto influencers immediately began trading and promoting TST among his subscribers. Zhao’s story boosted the value of meme coins to $34million when he shared it.
Binance’s founder has stated that TST does not belong to the BNB Chain or Binance. The educational video that featured the ticker of the coin has been removed by the team. The developers have also removed the private key of the wallet that issued the meme coin.
A team member deleted also the private key of the creator’s address, used for the tutorial. This holds 0.13% tokens. “Neither the Binance team nor any member of it holds that token,” CZ stated.
The TST capitalization has reached $65 million
Zhao’s message didn’t stop the speculators. The mention of TST made by Binance’s creator led to an increase in demand.
DEX Screener reports that the meme coin’s price has increased by over 239% in the last day.
TST was trading for $0.7234 at the time this article was written. Capitalization of the asset is $72.3 million.
The trading volume in the last 24 hours has exceeded $36 million.
Ai, a well-known crypto analyst from the Chinese community who goes by the name Ai, noticed how one trader made $35,000 become $657,000. This was done through trading TST. The expert claims that the trader bought the tokens just a few moments before CZ tweeted. In the context of the hype his assets increased 1,885%.
BNB chain now has a new platform for generating tokens
BNB Chain has created a platform called Four.Pump on which TST is launched. It allows users to create meme coins. It allows users to launch “meme tokens” in just a couple of clicks. It does not need any special knowledge or coding.
Many blockchains and cryptocurrency projects now have their own platforms to issue meme coins. SunPump is a platform that was recently launched by the PancakeSwap cryptocurrency exchange.
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