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How an Accident Turned $TST into a Market Sensation - Role of Social Media and CZ

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by A1

3 hours ago


An accidental reveal in a tutorial video led to the unexpected rise of test token $TST, triggered by Binance founder Changpeng Zhao's (CZ) comments on social media.

Video that Sparked a Token Rally

In the early hours of Thursday, February 6th, a tutorial video by a BNB Chain team member inadvertently sparked a memecoin frenzy. The video was meant to demonstrate token creation on the Four.Meme platform but accidentally revealed the test token $TST, setting off a chain of events in the crypto market.

From Test Token to Trading Phenomenon

The situation escalated quickly when a Chinese Key Opinion Leader discovered the token and began actively promoting it, driving its market capitalization to $500,000 before CZ's involvement.

The initial removal of the video upon discovery of trading activity. CZ's recommendation to reinstate the video followed by a significant rise in market capitalization after social media posts.

CZ's Response and Market Impact

In his post, CZ made crucial clarifications: the creator's private key was deleted, no BNB Chain team members hold $TST, and the token is unofficially associated with BNB Chain. Despite stating, 'This is NOT an endorsement from me for the token,' CZ's mention led to a significant market reaction.

Even though the token is not officially supported, its price skyrocketed due to social media channels.Changpeng Zhao

This unusual incident illustrates how quickly cryptocurrency markets can react to social media and how influential figures can drive market behaviors. The future of $TST remains uncertain: will it become a lasting meme coin or just a footnote in crypto history?

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