This BNB Chain Tutorial Token Was a Mistake, Now It’s Huge
- TST’s accidental rise shows the volatile nature of meme coins and speculative trading.
- Early traders capitalized on TST’s hype, making significant profits amid volatility.
- CZ’s indirect involvement fueled TST’s market frenzy, raising ethical concerns.
A strange event in the crypto market has raised concerns on the ethics of token launches, with Binance’s founder, Changpeng ‘CZ’ Zhao, indirectly fueling a new meme token frenzy. TST, a test token initially created for an educational video by the BNB Chain team, accidentally caught the attention of traders.
Despite being a simple demonstration, the token skyrocketed in value, reaching a market cap of over $52 million. The incident highlights the unpredictable nature of meme coins and raises questions about whether the market is entering another speculative phase reminiscent of past pump-and-dump cycles.
From Tutorial to Trad…
The post This BNB Chain Tutorial Token Was a Mistake, Now It’s Huge appeared first on Coin Edition.
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This BNB Chain Tutorial Token Was a Mistake, Now It’s Huge
- TST’s accidental rise shows the volatile nature of meme coins and speculative trading.
- Early traders capitalized on TST’s hype, making significant profits amid volatility.
- CZ’s indirect involvement fueled TST’s market frenzy, raising ethical concerns.
A strange event in the crypto market has raised concerns on the ethics of token launches, with Binance’s founder, Changpeng ‘CZ’ Zhao, indirectly fueling a new meme token frenzy. TST, a test token initially created for an educational video by the BNB Chain team, accidentally caught the attention of traders.
Despite being a simple demonstration, the token skyrocketed in value, reaching a market cap of over $52 million. The incident highlights the unpredictable nature of meme coins and raises questions about whether the market is entering another speculative phase reminiscent of past pump-and-dump cycles.
From Tutorial to Trad…
The post This BNB Chain Tutorial Token Was a Mistake, Now It’s Huge appeared first on Coin Edition.
Read More
Binance CEO Richard Teng Heads to South Korea as Regulatory Scrutiny Rises