On February 6, 2025, the Binance Chain (BNB Chain) team released a tutorial video about the one-click token issuance platform Four.meme, aiming to demonstrate how to quickly create Meme coins. However, the video inadvertently exposed the name and contract address of the test token TST used for demonstration. Although the team quickly deleted the video and clarified it was for testing purposes only, this information was picked up and widely promoted by KOLs in the Chinese community. Subsequently, Binance founder Zhao Changpeng (CZ) retweeted related dynamics on social media, attaching the contract address and emphasizing 'this is not an official token', but the market reacted quickly: TST's market cap soared to $50 million within an hour, with a price peak of $0.05, allowing some early investors to profit over 1800%.

This incident highlights CZ's significant influence in the crypto space. Despite his repeated declarations of neutrality, his comments can still incite market frenzy. The dramatic fluctuations of TST (which surged to $0.13 at the time of writing) also reveal the high-risk characteristics of Meme coins—no real use case, reliance on community speculation and celebrity effects.

BNB Chain has recently been active in the Meme track, attempting to replicate Solana's '全民发币' boom:

1, Four.meme platform: Similar to Solana's Pump.fun, it provides low-threshold token issuance tools and supports the Bonding Curve mechanism, allowing users to create tokens simply by setting parameters.

2, Officially supported project $WHY: As the first beneficiary of the Binance Chain 'Meme Heroes' program, $WHY received $200,000 in liquidity support. The contract design employs a deflationary model (each transaction automatically destroys tokens) and locks the liquidity pool through a black hole address to enhance community confidence.

3, Ecological potential: BNB Chain's TVL (Total Value Locked) reached $6.1 billion, close to Solana's $6.3 billion, and backed by the traffic support of Binance exchange, which may attract more Meme projects in the future.

Next, let's compare the Meme coins of the three major public chains.

1, Solana (SOL Chain

Advantages: High performance and low cost

With TPS exceeding 50,000 and transaction fees below $0.001, it has become a hotbed for the explosion of Meme coins. Typical cases include BOME (which increased 100 times in three days) and WIF (market cap over $1 billion).

Disadvantages: Downtime risk

In 2022, there were 14 network interruptions. Although improvements were made through the QUIC protocol, high throughput may still sacrifice stability.

2, Ethereum (ETH Chain)

Advantages: Market recognition

As the progenitor of smart contracts, ETH has hosted early Meme pioneers like SHIB and PEPE (market cap $2.8 billion).

Disadvantages: High Gas fees

Although costs decreased by ten times after the Cancun upgrade, the transaction cost per transaction is still higher than Solana, limiting small Meme transactions.

3, BNB Chain

Advantages: Liquidity support

Binance directly injects funds to support ecological projects (like $WHY) and directs traffic through the exchange. The creation cost on the Four.meme platform is only 0.0005 BNB, far lower than competitors.

Disadvantages: Decentralization controversy

The degree of centralization in BNB Chain nodes is relatively high, conflicting with the core narrative of blockchain.

If Binance continues to support with funding and traffic tilt, it may replicate Solana's Meme explosion path. The dramatic rise of TST not only reflects the potential of the BNB chain ecosystem but also mirrors the crypto market's dependence on celebrity effects and short-term speculation. Although Solana currently dominates the Meme track, Binance Chain, with its exchange resources and innovative tools, is becoming a competitor that cannot be ignored. In the long term, the outcome for public chains will still depend on technological iteration, ecological diversity, and the process of compliance. Investors need to be wary of the high volatility of Meme coins and rationally assess risks and returns. After all, institutions like the UK FCA have already issued warnings about one-click coin issuance platforms, and future compliance pressures may limit the disorderly expansion of Meme coins.