An unexpected surge in a test token's value occurred after an unintentional information leak in a tutorial video. Binance CEO Changpeng Zhao addressed the situation on platform X.
Tutorial Video Sparks Token Frenzy
In the early hours of Thursday, February 6th, a tutorial video by a BNB Chain team member sparked an unexpected memecoin frenzy. The video, demonstrating token creation on the Four.Meme platform, inadvertently revealed the test token $TST.
From Test Token to Market Phenomenon
The situation escalated when a Chinese Key Opinion Leader discovered and began actively trading and promoting the token. This initial promotion drove the token's market capitalization to $500,000 before Changpeng Zhao's involvement.
CZ's Response and Market Impact
In his social media post on X, Changpeng Zhao clarified crucial points: the private key of the creator's address was deleted, BNB Chain team members do not hold $TST tokens, and the token is not officially associated with BNB Chain.
The incident serves as a captivating example of how crypto markets can react to social media activity and influential figures, even when those figures explicitly distance themselves from the asset.
