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BNB Chain Test Token Hits $35M Before Crashing as Meme Coins Face Legal Scrutiny in U.S.
A test token created for a BNB Chain tutorial unexpectedly surged to a $35 million market cap before crashing to around $15 million. The token, TST, was part of a step-by-step video walkthrough on how to launch a meme coin using the Four.Meme platform. Binance co-founder Changpeng “CZ” Zhao stated on X that the token’s name was briefly visible in a single frame of the tutorial video. After realizing the issue, a BNB Chain team member removed the video, but Zhao later instructed them to restore it. At the time of Zhao’s post, the token’s market cap was roughly $494,000. He clarified that the token was not an official BNB Chain project and was only meant for demonstration purposes.