An accidental mention in a Binance video led to an unusual spike in a test token's value, highlighted by a mention from Changpeng Zhao.
Incident with the Video Sparks Memecoin Phenomenon
In early February, a BNB Chain video demonstrated token creation on Four.Meme. Despite attempts to conceal it, a frame revealed the $TST token, triggering market reactions.
Developments and CZ's Influence
The incident escalated after a Chinese KOL promoted the token, raising its market cap to $500,000. After CZ's social media post, it skyrocketed into the millions. CZ emphasized the deletion of the creator's private key and clarified that no BNB Chain members held $TST tokens.
Four.Meme Platform Context
Four.Meme is a leading memecoin launchpad on BNB Chain, facilitating token creation for users. Despite the incident, it continues to grow.
The $TST token incident shows how social media and influential figures can swiftly impact crypto markets, even without endorsement of the highlighted asset.
