Using%20the%20example%20of%20creating%20the%20TST%20test%20token,%20the%20BNB%20Chain%20developers%20wanted%20to%20show%20in%20an%20educational%20video%20how%20to%20use%20the%20new%20Four.Pump%20platform%20for%20generating%20meme%20coins.%20Degens%20took%20the%20situation%20out%20of%20control.%20Let's%20talk%20about%20this%20in%20more%20detail.
The%20capitalization%20of%20the%20TST%20meme%20coin%20quickly%20reached%20$500,000.%20Against%20this%20background,%20Changpeng%20Zhao%20(CZ)%20decided%20to%20independently%20explain%20what%20was%20happening.
"A%20tricky%20situation.%20A%20BNB%20Chain%20team%20member%20just%20told%20me%20this:"We%20did%20the%20step%20by%20step%20video%20education%20for%20launching%20meme%20token%20on
One%20of%20the%20Chinese%20crypto%20influencers,%20after%20watching%20the%20educational%20video%20from%20BNB%20Chain,%20immediately%20started%20trading%20TST%20and%20promoting%20this%20token%20among%20his%20subscribers.%20When%20Zhao%20shared%20this%20story,%20the%20market%20value%20of%20the%20meme%20coin%20soared%20to%20$34%20million.
The%20founder%20of%20Binance%20emphasized%20that%20TST%20is%20not%20an%20official%20product%20of%20the%20crypto%20exchange%20or%20BNB%20Chain.%20The%20team%20has%20already%20removed%20the%20educational%20video%20in%20which%20the%20coin's%20ticker%20appeared.%20In%20addition,%20the%20developers%20also%20deleted%20the%20private%20key%20from%20the%20wallet%20from%20which%20the%20meme%20coin%20was%20issued.
Zhao's%20message%20did%20not%20stop%20speculators.%20On%20the%20contrary,%20the%20mention%20of%20TST%20by%20the%20creator%20of%20Binance%20led%20to%20a%20surge%20in%20demand.
According%20to%20DEX%20Screener,%20the%20price%20of%20the%20meme%20coin%20has%20soared%20by%20more%20than%20239%%20over%20the%20past%20day.
At%20the%20time%20of%20writing,%20TST%20is%20trading%20at%20$0.7234.%20The%20asset's%20capitalization%20is%20currently%20$72.3%20million.
Trading volume over the past 24 hours exceeded $36 million.
A well-known analyst in the Chinese crypto community under the nickname Ai noticed that one lucky trader turned $35,000 into $657,000 by trading TST. According to the expert, the user bought tokens a few minutes before CZ's tweet. Against the background of the hype, the amount of his assets increased by 1,885%.
New Platform for Generating Tokens on BNB Chain
Four.Pump, on which TST was launched, is a new platform for generating meme coins built by BNB Chain. With it, users can launch "meme" tokens in just a few clicks. This does not require any coding skills or special technical knowledge.
After the success of Pump.fun on Solana, many blockchains and crypto projects have introduced their own platforms for issuing meme coins. For example, the Tron network has SunPump, and the PancakeSwap crypto exchange recently introduced the SpringBoard platform.
