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The TST coin, a meme coin tested on the BNB Chain network, has experienced sharp fluctuations in its value over the past few days.
Initially, its market value rose to over $52 million after Changpeng “CZ” Zhao, the founder of Binance, posted an educational video highlighting TST as an example. This video sparked significant activity among traders, particularly in Chinese circles. Later, the video was deleted and it was clarified that TST is not an official currency, leading to a stabilization of the market value above $15 million.
Later, the coin continued to attract attention, with its market value rising to about $500 million, recording a peak price of $0.52. This increase came as a result of rising trading volume and growing interest from investors. However, the coin saw notable volatility, with the price dropping 46% from its peak to $0.2791. Technical analysis indicates resistance at the $0.3071 level, and if this level is breached, the price may return to $0.53.
Additionally, the market value of the currency rose to over $500 million in just three days, reflecting the impact of implicit support from CZ and the growing interest in meme coins on the BNB Chain network. This event brought renewed attention to the BNB network and encouraged the emergence of other clone projects on the four.meme platform. However, for long-term sustainability, the BNB network needs developers, users, and values that support the ecosystem after the initial excitement fades.
As of February 28, 2025, the price of the TST coin is trading at around $0.09007. The coin has experienced notable volatility throughout the day, with prices ranging between $0.087716 and $0.097721. This reflects the speculative nature of cryptocurrencies, and investors are advised to exercise caution and conduct thorough research before making investment decisions.
It is worth noting that these fluctuations reflect the speculative nature of meme coins, and investors are advised to exercise caution and conduct thorough research before making investment decisions.
