The platform name Four.Meme is a play on the number 4, often used by Changpeng Zhao when he was in charge of Binance.
BNB Chain/Twitter neon symbol.
While publishing an educational video on how to create a memecoin on the BNB Chain network, a Binance intern ended up leaking the name of the coin created in his tutorial. Moments later, investors started buying it and its price rose by more than 100,000% in a few hours.
On social media, Changpeng Zhao, founder of Binance, laughed as he revealed the conversation he had with the employee.
Although the intern deleted the video immediately after realizing his mistake, Zhao asked him to upload the tutorial again to social media. After all, the community had already saved the video and the damage had already been done.
Memecoin tests BNB Chain at 100,000%
While the memecoin sector is fueled by Pump.Fun on Solana, developers created Odin.Fun on Bitcoin last week, while BNB Chain introduced Four.Meme to its network.
To educate its users, an intern posted a tutorial on how to create a memecoin on the platform. However, the coin’s name was leaked in a frame and the community started buying it.
On social media, Changpeng Zhao, founder of Binance, laughed at the situation and published an excerpt of the conversation with the intern.
“A complicated situation. A member of the BNB Chain team just told me the following:
“We made the step-by-step educational video to launch a meme token on the Four.Meme platform. In this video, we launched a token called TST as an example. When we posted the educational video yesterday, there is a frame at time 1:18 where the name is visible.
A Chinese community influencer started trading this token and promoting it, and now the market cap of this token is $494,560.”
Frame in which the name of the memecoin created by a Binance intern appears in an educational video. Source: X.
CZ goes on to say that “the staff member deleted the video upon learning of this,” but that “the internet doesn’t forget” and they should put the tutorial back up as it was already circulating in parallel.
Finally, the Binance founder said he was not endorsing the token and the memecoin is not an official token of the Binance team. Going further, he also reported that the intern destroyed the private keys that gave access to 0.13% of the coin's supply.
The video in question can be watched below.
In any case, the error ended up giving more visibility to the tutorial in question, which already has 164 thousand views.
TST is up 116,840%, but it’s not the first test cryptocurrency adopted by the community
According to data from decentralized exchanges, TST rose 116,840% in just 8 hours before correcting by 75%. At the time of writing, the coin is trading at $0.012, with a market cap of $12 million.
TST, a memecoin created for testing by a Binance intern, is up 116,840%. Source: Dexscreener.
This isn’t the first time the community has fallen in love with a cryptocurrency created for testing.
In 2023, for example, HayCoin (HAY) — created by Hayden Adams, founder of Uniswap — was traded for R$18 million. Its price is currently in the range of US$167,000, but there are only 4.24 HAYs in circulation, which justifies this absurd number.
Fonte: Livecoins