$BNB The traders shot a test token created by the BNB Chain team to the moon🚀 for a tutorial video to a market capitalization of over $35 million and then it plummeted to a market capitalization of around $15 million. This token was created for a step-by-step tutorial on how to create a memecoin on the FourMeme platform, a launch platform for tokens on BNB Chain. According to a post on X by Binance co-founder Changpeng “CZ” Zhao, the name of the memecoin was revealed during a single frame of the training video, which was removed by a BNB Chain member upon discovering the issue. Then the founder of Binance told the team member to repost the video. At the time of CZ's post on X, the market capitalization of the TST token was only around $494,000. Afterward, CZ made it clear that his post did not endorse the token and that it is NOT an official token of the BNB Chain team or anyone else's. It is a test token used solely for that tutorial video. The lunar rise of this token and the volatility of its price highlight the enormous popularity of this niche class of assets, which has come under scrutiny by financial regulators and U.S. lawmakers in recent weeks.
#BNBChainMeme Traders shot a test token created by the BNB Chain team to the moon🚀 for a video tutorial to a market capitalization of over $35 million and then it plummeted to a market capitalization of around $15 million. This token was created for a step-by-step tutorial on creating a memecoin on the FourMeme platform, a launch platform for tokens on BNB Chain. According to a post on X by Binance co-founder Changpeng “CZ” Zhao, the name of the memecoin was revealed during a single frame of the training video, which was removed by a BNB Chain member upon discovering the issue. Then the founder of Binance told the team member to repost the video. At the time of CZ's post on X, the market capitalization of the TST token was only around $494,000. Later, CZ made it clear that his post did not endorse the token and that it is NOT an official token of the BNB Chain team or anyone else. It is a test token used solely for that video tutorial. The lunar rise of this token and the volatility of its price highlight the enormous popularity of this class of niche assets, which has come under scrutiny by financial regulators and U.S. lawmakers in recent weeks.