#BNBChainMeme Traders skyrocketed🚀 a test token created by the BNB Chain team for a tutorial video to a market cap of over $35 million and then crashed to a market cap of around $15 million.

This token was created for a step-by-step tutorial on creating a memecoin on the FourMeme platform, a launchpad for tokens on BNB Chain.

According to a post on X by Binance co-founder Changpeng “CZ” Zhao, the name of the memecoin was revealed during a single frame of the training video, which was deleted by a BNB Chain member upon discovering the issue.

The Binance founder then told the team member to repost the video. At the time of CZ’s post on X, the market cap of the TST token was only around $494,000.

CZ later made it clear that his post was not an endorsement of the token and that it is NOT an official token of the BNB Chain team or anyone else. It is a test token used only for that video tutorial.

The lunar rise of this token and the volatility of its price highlight the enormous popularity of this niche asset class, which has come under scrutiny from financial regulators and US lawmakers in recent weeks.