A team building on BNB Chain wanted to showcase its meme token potential. To create an educational video, the team built a Test (TST) token, which was discovered by buyers and boosted for its meme potential.
A new meme token has appeared – after a team wanted to just create a tutorial on BNB Smart Chain. The team wanted to showcase the four.meme platform, a launchpad for memes accessible to anyone. The video tutorial on creating a new asset was quickly taken down but then brought back, as Test (TST) was already posting a record price rally.
The tutorial drew attention from traders, who discovered the token and went on to boost its liquidity. Influencers started promoting the token after seeing its ticker in one of the video frames. The team just called the token TST for a test asset, but it was fully functional and tradable. The former CEO of Binance, Changpeng ‘CZ’ Zhao, noted that the token may continue to trade and be censorship-resistant despite being unofficial.
😂 A tricky situation. A BNB Chain team member just told me this:
“We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.
When we posted the education video yesterday,… https://t.co/lD77CaQDCj
— CZ 🔶 BNB (@cz_binance) February 6, 2025
The token rose to a market capitalization of over $37M, with $4.57M in liquidity. Despite the fact that Zhao put in a disclaimer, the mention was enough to draw extra attention to the asset. The first mention of the token was at a price range under $500K, though TST later went on to rally above $26M in fully diluted value.
TST is now tagged as ‘test token deployed by Binance’, though no mention is made of an official status or an endorsement. However, meme traders quickly ran with TST, considering it a ‘stealth launch’ that has acquired cult status just because it looks like a mistake. The move is seen as a way to jump-start a meme season on BNB Smart Chain, which was otherwise losing DEX activity.
Is TST owned by insiders?
Zhao claimed the team only held a fraction of the TST supply and locked their initial wallets. Just hours after the token started trading, Bubblemaps noted the formation of activity clusters.
TST completed its bonding curve on four.meme, and graduated to PancakeSwap, the most widely used DEX on BNB Smart Chain. The more active trading, with a liquidity pool holding $3.3M, led to the formation of token clusters and high-velocity trading between wallets.
It is possible that TST was sniped early while influencers in the Chinese crypto market were hyping the new asset.
TST brought quick gains to early snipers, with one trader raking in $303.6K in BNB. The wallet was funded from KuCoin and had a previous record of aping into meme tokens, then selling for BNB. The second-best trader bought TST with just 2 wBNB for 7.8M TST. Later, the TST was sold for $258.2K. Other early snipers also locked in six-figure gains after selling during the strong initial TST rally.
Soon after the start of DEX activity, MEXC also listed the Test token. The asset traded between $0.02 and $0.04, though starting to unravel on selling pressure.
Is BNB Smart Chain coming back?
BNB Smart Chain is trying to position itself as a viable alternative to Ethereum for cheap on-chain activity. The network has always supported robust traffic but saw an outflow of users after the slowdown of Web3 gaming.
During the 2024 bull market, Binance focused on centralized trading, while its DEX activity, tokenization, and NFT lagged behind.
Now, the chain is trying to tap into the meme frenzy by offering a new launch platform. The recently built four.meme platform is gaining adoption among Chinese crypto traders, setting a new, relatively accessible meme space.
The launch of a new meme platform follows a recovery for PancakeSwap, with peak activity in January. The DEX recently rallied to the top 5 of fee producers in the past day, bringing $5.41M in fees. PancakeSwap started to revive in the new year, after ending 2024 with a relatively stagnant performance.
BNB Chain remains one of the busiest ecosystems, with upward of 5,600 apps. The chain carries more wallets than Ethereum, though most are seeking low-cost activities. The launch of a meme token culture on BNB Chain may boost the chain’s activity.
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