Meme Coin TST Surges 107,271%: Binance's CZ Clarifies, Demand Soars

Coin WorldSaturday, Feb 8, 2025 10:26 am ET
1min read

The TST Token, a meme coin, has recently gained significant attention in the crypto community due to its remarkable price surge. The token, which was initially created as an educational example on the BNB Chain's Four.Pump platform, experienced an unprecedented price increase of 107,271%.

In an attempt to clarify the situation, Changpeng Zhao (CZ), the founder of Binance, took to X (formerly Twitter) to explain that the TST token was not an official product of Binance or BNB Chain. The educational video demonstrating the launch of TST on the Four.Pump platform was removed, and the private key for the wallet used to issue the token was deleted. Despite these efforts, the mention of TST by CZ further fueled speculation and demand for the token.

The capitalization of TST quickly reached $500,000, and following CZ's tweet, it soared to $34 million. As of writing, the token's capitalization has surpassed $72.3 million, with a trading volume of over $36 million in the past 24 hours. The price of TST has surged by more than 239% over the past day, reaching $0.7234.

Four.Pump, the platform on which TST was launched, is a new platform for generating meme coins built by BNB Chain. It allows users to launch "meme" tokens in just a few clicks, without requiring any coding skills or special technical knowledge. Following the success of Pump.fun on Solana, other blockchains and crypto projects have introduced their own platforms for issuing meme coins, such as SunPump on the Tron network and SpringBoard on PancakeSwap.

The rapid rise of TST has drawn the attention of crypto users and analysts alike. A well-known Chinese crypto analyst, Ai, noticed that one lucky trader turned $35,000 into $657,000 by trading TST, an increase of 1,885%. This highlights the potential for significant gains in the volatile world of meme coins.

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