TST Token, developed under the BNB Chain team, skyrocketed 4700% in just 30 minutes after it was accidentally revealed in a tutorial video. The token was originally planned to be just a test asset, but it did not take long for TST to gain much traction among cryptocurrency enthusiasts, sparking several trades.
Accidental Launch Sets Off Trading Frenzy
The TST Token was accidentally revealed in a tutorial video on how to create a meme token on the Four.Meme platform. Within the video, there was a very quick mention of the name “TST,” and some eagle-eyed traders caught it. This unintentional leak instantly drew trading interest, where traders quickly pushed the market cap for TST from under $500,000 to over $37 million.
It was known to have reached a trading volume of $14 million within half an hour, a clear testimony to its meteoric rise in popularity. The best market cap TST had reached was $52 million, and then it mostly stabilized at a value of approximately $15 million, reflecting the usual turmoil with meme tokens. At the time of writing, the token trades at $0.3843 with a market cap of $365.9M.
Changpeng Zhao’s Influence
Former Binance CEO Changpeng Zhao has now weighed in on the matter, calling it a “tricky” situation. Although he emphasized that TST is not officially supported by Binance, the tweet helped make the token more visible.
In fact, his tweet came very soon after the trading frenzy started, and so it gave further momentum. Indeed, he was trying to bring it to light that TST was just a demonstration project, and he went further to mention, “This is NOT an endorsement from me for the token.”
Traders didn’t waste any time, and a well-known investor allegedly purchased $35,000 worth of it just minutes before Zhao’s tweet. The move netted him approximately $657,000 within minutes. Another trader reportedly made $303,600 after he sold the token just after its pump.
Market Reactions and Future Outlook
It has reignited interest in meme tokens, a category that is often typified by high volatility and speculative trading. The latest trading range of TST is taking place between $0.02 and $0.04 on major exchanges such as MEXC and PancakeSwap.
Despite all the hype, analysts warn of intrinsic risks associated with meme tokens. The journey of TST Token has been a sobering reminder of how fortunes in the world of crypto can change quickly. Now it will be interesting to watch for observers whether TST will keep up its current status or will just retreat when market dynamics change.
It also sparked a controversy over the legal scrutiny of meme coins in the U.S., with a few lawmakers now calling for an investigation into projects they believe are breaching securities rules. That further complicates an already wild run for TST.
