Binance CEO CZ Comments on TST Meme Coin's $41M Market Cap Surge

CZ, the CEO of Binance, recently commented on the meteoric rise of the BSC-based Meme coin TST. The coin has surpassed a market cap of $40 million, currently standing at $41 million, with a 24-hour trading volume exceeding $11 million.

In a previous statement, CZ shared that a BNB Chain team member had created a step-by-step video tutorial on releasing meme tokens on the four.meme platform, using TST as an example. The video was released, and KOLs from the Chinese community began trading and promoting the token, leading to a significant increase in its market cap to $494,600. However, the team member later deleted the video, and CZ clarified that the token was not an official token of the BNB Chain team or anyone else, but merely a test token used for the tutorial.

The rapid growth of TST highlights the increasing popularity of Meme coins and the potential for such tokens to gain significant market traction in a short period. As the crypto market continues to evolve, investors and enthusiasts alike are keeping a close eye on these emerging trends and the potential opportunities they present.