A test meme token (TST) designed for a tutorial on the Four.Meme platform unexpectedly gained value after its name was mentioned on social media by former Binance CEO Changpeng Zhao.
Accidental Launch
According to Changpeng Zhao, the token’s name was briefly shown in a tutorial video. The video was removed soon after, but it had already spread online. Several Chinese crypto influencers noticed the video and token, whose endorsement drew in traders. What began as a simple test asset quickly became a tradable coin.
TST’s Meteoric Rise
According to DEX Screener, TST, initially valued at under $500,000, saw its fully diluted value surge beyond $25 million, with its market cap surpassing $37 million and liquidity reaching $4.5 million. The token was soon listed on PancakeSwap and MEXC, where its price showed fluctuations.
Context and Controversies
The rapid rise of the meme token showcases a strong demand but also growing scrutiny. Pump.fun faced a class-action lawsuit over alleged securities law breaches. Additionally, a Trump-themed meme coin launch stirred controversy. Senator Elizabeth Warren called for investigations, highlighting ethical concerns and regulatory oversight.
The accidental mention led to a significant rise in the meme token's value, underscoring the volatile nature and interest in these digital assets, despite controversies and concerns.
