An accidental reveal in a tutorial video led to an unexpected surge in a test token's value after Binance founder Changpeng Zhao (CZ) addressed the situation on social media platform X.
Rapid Rise of $TST Token
In the early hours of February 6th, a seemingly innocent tutorial video created by a BNB Chain team member inadvertently sparked a memecoin frenzy. The video, designed to demonstrate token creation on the Four.Meme launchpad platform, accidentally revealed a test token named $TST. Despite attempts to conceal the token's name throughout the tutorial, a single frame at the 1:18 mark exposed the $TST identifier. This brief exposure proved sufficient to trigger a remarkable chain of events in the crypto market.
CZ's Response and Influence
The situation escalated when a Chinese Key Opinion Leader (KOL) discovered the token and began actively trading and promoting it. This initial promotion drove the token's market capitalization to nearly $500,000 before CZ's involvement. CZ made several crucial clarifications: the private key for the creator address has been deleted, effectively burning 0.13% of the token supply; no BNB Chain team members hold any $TST tokens; the token is not officially associated with BNB Chain.
Four.Meme Platform Context
The incident brings attention to Four.Meme, a leading memecoin launchpad on the BNB Chain. This platform operates similarly to established competitors, providing users with token creation capabilities. The tutorial was intended to showcase these features before inadvertently creating a viral token.
This unusual incident serves as a compelling example of how quickly cryptocurrency markets can react to social media activity and influential figures, even when those figures explicitly attempt to distance themselves from the asset.
