Recently, the test token TST created by the BNB Chain team has unexpectedly become popular. Earlier today, Binance suddenly announced that it will list TST spot trading at 7 PM, which further motivated TST’s astonishing surge, pushing its market value to exceed $360 million, once again reaching a new all-time high.
Background: Binance’s meme token TST “lands on Binance Alpha” and surges over 1000%! CZ: Don’t misuse the logo for community management.
The meme token TST, created by the BNB Chain team through the meme token launch platform four.meme for demonstration purposes, has recently ignited a market frenzy. Binance founder Zhao Changpeng (CZ) tweeted to explain the situation, and with the support of Binance Alpha, TST’s price skyrocketed by over 1000% in a single day, reaching a peak market value of $140 million at 2 AM this morning.
Binance unexpectedly announced the listing of TST and its trading pairs with USDT and USDC at 7:00 PM on February 9, 2025 (Taiwan time), and added a seed tag to it. It is speculated that this news has influenced TST’s price to surge once again.
GMGN data shows that after the news of TST’s listing on Binance Alpha last night, TST reached a high of $0.227 and then experienced a significant pullback. The lowest point was at 9 AM this morning, when it dropped to $0.091. However, after Binance announced the listing of TST earlier, TST once again experienced a huge surge, soaring over 300% within half an hour, reaching a peak of $0.491. As of the deadline, TST was trading at $0.391, with a staggering 1140% increase in the past 24 hours.
With TST’s surge again, Coinmarketcap data shows that its market value has rapidly climbed to $360 million.
Early investors earned over $2.5 million
The surge in TST also allowed early investors to make a significant profit. According to Lookonchain, a wallet address bought 903 BNB (approximately $543,000) worth of TST yesterday. After Binance announced the listing of TST and triggered a surge in its price, the address started cashing out, and the current profit exceeds $2.5 million.
Previously, Zhao Changpeng stated this morning that like all meme tokens, he has never bought or owned TST. It is now a purely community-driven behavior, so everyone should be careful and responsible for their own actions. He also reiterated this afternoon, “Not just me, but also the community I am in. TST token has nothing to do with me.”
However, it is worth noting that Zhao Changpeng has always remained neutral towards meme tokens. Although he has repeatedly stated that he is not endorsing TST, the rapid listing of TST on Binance may give people the feeling of a carefully planned intention, speculating whether Zhao Changpeng has the intention to promote his own BNB Chain ecosystem.