The most notable of these events was the rise of the tst coin, which was launched on the BNB Chain network after a community education lesson, to a market cap of $300 million. This massive rise came after signals from Binance founder Changpeng Zhao, who mentioned the coin in several posts on the X platform, which helped get it listed on the Binance exchange.
In another event, David Portnoy of Barstool Sports sparked controversy by promoting the JAILSTOOL coin, which recorded a market peak of over $200 million before settling at $78 million, amid criticism from market watchers.
In an unconventional move, the Central African Republic issued its own meme coin, CAR, to support national development and increase international visibility, reflecting the interest of developing countries in benefiting from the crypto phenomenon.