In summary:
The price of Test token (TST) has surged by nearly 800% in a short period following news of its listing on several exchanges.
TST token is currently trading at $0.1498. Its 24-hour trading volume has reached nearly $114 million, with a market capitalization of approximately $145 million.
CZ clarified that TST is not affiliated with BNB Chain or any Binance-related entity and addressed concerns regarding the misuse of the Binance logo.
Promo: Trade on BYDFi for a chance to win an iPhone 16, a Rolex watch, and more!
Data recorded by BeInCrypto shows that the price of Test token (TST) has surged by nearly 800% in a short period following news of its listing on several exchanges.
A Test Coin with Real Trading Value
Data from CoinGecko shows that at the time of writing, the TST token is trading at $0.1498. Its 24-hour trading volume has reached nearly $114 million, with a market capitalization of approximately $145 million
While the initial surge in TST token’s price was attributed to its “accidental” launch by the BNB Chain team and subsequent “shilling” by former Binance CEO CZ, Test token is now gaining increasing attention within the community. Notably, Binance Alpha has added Test token to its list. Some centralized exchanges (CEXs), such as LPBank, have also listed this meme coin for trading.
Witnessing the seemingly accidental success of TST and believing in the potential of the meme coin ecosystem on BNB Chain, Bitget Wallet has also launched its own real-time meme coin tracking feature called MemeX.
Capitalizing on the strong price surge of the TST token, many investors have reaped massive profits. According to Lookonchain, the TST wallet currently holding the largest profit has gained over $2 million. Furthermore, another wallet spent 903 BNB to purchase 6.98 million TST at $0.078. At the current TST price, this investment has doubled in value in just under 3 hours.
In a recent development, former Binance CEO CZ revealed that TST has a website and an X account. However, he clarified that neither was created or is controlled by BNB Chain or any Binance-related group. Notably, the creators of these channels are using the Binance logo without permission. At the end of his tweet, CZ reassured the community by adding that he has never purchased nor holds any TST. However, it seems that the more he denies involvement, the greater the FOMO among investors, which is directly reflected in the hourly price increase of TST.
Subscribe to BeInCrypto’s Newsletter to stay updated on the latest analysis and news about the financial market in general and cryptocurrencies in particular.
All information on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
Read more: If you need a product to assist with tax issues and portfolio management in crypto, check out CoinLedger
