Test Token $TST to become the new king of meme coins?
On February 6th, the test token Test $TST, built on the BSC chain (Binance Smart Chain), was originally intended to demonstrate how to create meme coins in a tutorial video. Unexpectedly, during the teaching process, related information was not hidden, leading to a large influx of funds as many Chinese KOLs promoted it, causing its market value to rapidly surge from $500,000 to over $30 million within two days. It even made its way to Binance’s spot and futures markets three days later, also boosting the market price of BNB (Binance Coin).
Not long ago, the meme coin launched by Trump's team shocked the market, and after being issued on the SOL chain, its price reached a new high. Now, if the BSC chain's ecosystem welcomes more meme coin ecosystems and applications, will it bring more positive bull market impacts to BNB? This is worth special attention. Considering that the test token $TST has no practical applications and the early holders have extremely low costs, combined with the short time frame, I estimate that after listing on Binance, it will likely reach a short-term peak. Therefore, after contracts were opened, I set up a grid short position due to its high volatility, participating with a very small amount of capital, and woke up to a 70% profit, which is quite good.
To quote a certain influencer, if you don't have confidence, just short it.
The most difficult part of this bull market is that only mainstream coins can apply that strategy of holding tightly until the end, and even the performance of Ethereum (the second largest coin) is extremely poor. Fortunately, most of my positions are primarily in Bitcoin and BNB, and the altcoins I hold are centered around the Avalanche chain, which is about to launch the Maple Valley Metaverse. I just hope that after experiencing a low point this year, this bull market can bring satisfactory results.