BNB News Today: Binance's TST Listing Fuels $3M Profit, Ignites Ethics Debate

A pseudonymous crypto trader known as XX has drawn attention for a $3.18 million profit from the BNB Chain meme coin Test (TST), following a strategic acquisition of 16.25 million tokens in late February 2025. The transaction, executed across two BSC wallets, involved the conversion of 5,089 BNB (worth $3.18 million at the time) into TST at an average price of $0.1957 per token . The trade's success was catalyzed by Binance's announcement on February 8, 2025, listing TST for spot trading, which triggered a 104% surge in the token's price to $0.40 within 12 hours. This rapid appreciation enabled XX to liquidate the entire position, securing a profit that exceeded the initial investment by 100% .

The trader's approach highlights the volatile yet lucrative nature of meme coin trading, particularly on platforms like Binance, where liquidity and market depth can amplify returns. According to blockchain analytics, the first wallet ('0x065...718e1') acquired 8.25 million TST, while the second ('0x08d...aaa53') held 8 million tokens. Each BNB withdrawal-capped at 500 BNB per transaction-was swiftly converted to TST, leveraging the platform's low-fee infrastructure. The timing of the purchase, just hours before the listing announcement, underscores the trader's familiarity with market-moving events and exchange dynamics .

Binance's decision to list TST sparked significant controversy among crypto enthusiasts. Critics argued that the exchange's involvement in promoting the token through educational content and decentralized exchanges (e.g., Four.Meme) created an uneven playing field. Changpeng Zhao (CZ), Binance's founder, defended the move by stating that the platform does not endorse meme coins and that its listing process is "broken." He emphasized that exchanges prioritize listing tokens with strong trading volumes to remain competitive, a practice that has drawn scrutiny for favoring liquidity over project fundamentals .

The TST listing's aftermath revealed broader tensions in the crypto market. While the token's market capitalization surged from $494,560 to $490 million within days, many viewed the rapid growth as artificial. CZ acknowledged that Binance's role in the token's promotion-through demo projects and community outreach-raised ethical concerns. However, he reiterated that individual traders, not exchanges, should drive project adoption. This stance reflects a growing debate over the responsibilities of centralized platforms in curating and regulating speculative assets .

Market reactions to TST's listing were mixed. While XX's profit exemplifies the potential for high returns in meme coin trading, the token's price volatility post-listing has raised questions about sustainability. At $0.2053 as of the latest data, TST remains 11.08% higher than its pre-listing level but has since stabilized. Analysts note that such tokens often experience sharp corrections after initial hype, particularly when driven by exchange-driven narratives rather than intrinsic value. The case of TST underscores the risks and rewards inherent in speculative trading, where timing and exchange announcements can dictate outcomes .

The incident also highlights the evolving role of blockchain sleuths and on-chain data in tracking trading strategies. EmberCN, a prominent blockchain analyst, first spotlighted XX's activities, revealing how pseudonymous traders leverage real-time data to capitalize on market events. This transparency, while informative, also raises privacy concerns for traders seeking to operate discreetly. As meme coins gain traction, the interplay between individual traders, exchanges, and analytical tools will likely shape the sector's future, balancing innovation with accountability .

Source: [1] Trader Who Made $10M Profit From TRUMP, Secures ... (https://thecryptobasic.com/2025/02/10/trader-who-made-10m-profit-from-trump-secures-3m-returns-trading-binance-tst-token/)