Meme Coin TST Surges 374% in a Day After Binance Listing

The market capitalization of TST, a meme coin issued on the Four.meme platform, briefly surpassed $100 million, marking a 374% increase in a single day. The surge in value was influenced by the coin's listing on Binance Alpha, with a 24-hour trading volume of $42.78 million.

Earlier, on February 6th, CZ, the founder of Binance, shared a post revealing that a BNB Chain team member had created a step-by-step video tutorial on how to release a meme token on the Four.meme platform. The video used TST as an example, and after its release, key opinion leaders (KOLs) in the Chinese community started trading and promoting the token, leading to a significant increase in its market cap.

BlockBeats News, a cryptocurrency news outlet, reported on the developments, reminding users that meme coins often lack practical use cases and experience significant price volatility. Investors should approach these assets with caution.

The rapid rise in TST's market cap comes amidst a broader trend of meme coin popularity and volatility in the cryptocurrency market. As the market continues to evolve, investors and traders should stay informed about the risks and opportunities associated with these assets.