TST Test Token Created by BNB Chain Team for Tutorial Video Pumped to $35M Market Cap

The token was created for a step-by-step video walkthrough of creating a memecoin on the Four.Meme platform, a launchpad for social tokens on BNB Chain.

A test token created by the BNB Chain team for a tutorial video was quickly pumped by traders to a market cap of over $35 million, before crashing down to a market cap of around $15 million at the time of writing.

The token was created for a step-by-step video walkthrough of creating a memecoin on the Four.Meme platform, a launchpad for social tokens on BNB Chain.

The name of the memecoin was revealed for a single frame on the training video, which a BNB Chain member quickly removed after discovering the issue, as per an X post from Binance co-founder Changpeng “CZ” Zhao.

However, CZ told the team member to put the video back up. At the time of CZ’s X post, the market cap of the TST token was around $494,000.

CZ also made it clear that his post was not an endorsement of the token and that it “is NOT an official token by the BNB Chain team, or anyone. It is a test token used just for that video tutorial. Nothing more.”

The memecoin’s meteoric rise and price volatility highlight the rabid popularity of the niche asset class, which has come under scrutiny from financial regulators and US lawmakers in recent weeks.

Pump.fun, a memecoin launch platform on the Solana network, is facing a proposed class-action lawsuit from investors over the platform allegedly marketing and selling unregistered securities.

The lawsuit, filed by Diego Aguilar in the Southern District of New York on Jan. 30, states:

U.S. President Donald Trump’s memecoin launch in January 2025 also drew criticism from US lawmakers and attorneys, who argued that memecoins could potentially create a political conflict of interest.

Attorney David Lesperance told Cointelegraph that the memecoin launch was a violation of the US Constitution and argued that the memecoin creates the potential for foreign influence over the president.

Massachusetts Senator Elizabeth Warren called for an investigation into the Official Trump (TRUMP) memecoin, citing the same concerns as Lesperance.

This article does not contain investment advice or recommendations. Every investment and trading move carries a risk, and readers should conduct their own research when making a decision.