Speculators drove TST’s price to a peak market cap of over $50 million before crashing.
The episode is another instance of how easily social media hype and influencer activity can trigger extreme price swings in the crypto market.
An obscure test token briefly became a
multimillion-dollar asset before plummeting just as fast. A BNB Chain tutorial
video accidentally revealed the memecoin TST, triggering a speculative wave
that saw its value surge by 1,281%.
Binance’s former CEO Changpeng “CZ” Zhao attempted to
clarify that neither he nor Binance endorsed the token, but the hype had
already taken hold. “This is NOT an official token by the BNB Chain team or anyone. It is a test token used just for that video tutorial. Nothing more,”
CZ mentioned.
A Tutorial Gone Wrong?
The chaos started when the BNB Chain team released an
educational video demonstrating how to create memecoins using the Four. Meme
platform. The video unintentionally displayed the token’s name, TST, prompting
immediate interest from traders.
Crypto influencers, especially within the Chinese
market, identified the coin and reportedly began aggressively trading it. Within
hours, the speculative fervor sent TST’s price soaring. It reached a peak of
$0.05183, with its market capitalization surpassing $50 million.
However, as reality set in, the token quickly crashed
back down to $15 million. BNB Chain’s team attempted to mitigate the situation
by deleting the video and removing the private key associated with the
tutorial’s wallet. Yet, the hype was already in motion.
“The team member also deleted the private key for the
creator address used in the tutorial, which holds 0.13% of the token. And no
one on the team (or Binance) holds any of that token,” CZ wrote.
A Lucky Trader’s Windfall—Or Insider Trading?
The TST frenzy highlighted the growing influence of
memecoins and token launch platforms like Four. Meme, which allow users to
easily create and launch new cryptocurrencies.
Source: GeckoTerminal
However, this rapid expansion has also caught the
attention of regulators. The UK’s Financial Conduct Authority recently
issued warnings against certain launchpads, cautioning they may be violating
financial laws.
Despite stepping down as Binance’s CEO, CZ remains one
of the most influential figures in the crypto space. The TST episode is just
the latest example of how a single comment from him can send traders into a
frenzy.
Whether intentional or not, his words still carry
weight in an industry known for its volatility. Meanwhile, CZ has re-emerged as
a key player in blockchain investments through YZi Labs, a rebranded version of
Binance Labs.
An obscure test token briefly became a
multimillion-dollar asset before plummeting just as fast. A BNB Chain tutorial
video accidentally revealed the memecoin TST, triggering a speculative wave
that saw its value surge by 1,281%.
Binance’s former CEO Changpeng “CZ” Zhao attempted to
clarify that neither he nor Binance endorsed the token, but the hype had
already taken hold. “This is NOT an official token by the BNB Chain team or anyone. It is a test token used just for that video tutorial. Nothing more,”
CZ mentioned.
A Tutorial Gone Wrong?
The chaos started when the BNB Chain team released an
educational video demonstrating how to create memecoins using the Four. Meme
platform. The video unintentionally displayed the token’s name, TST, prompting
immediate interest from traders.
Crypto influencers, especially within the Chinese
market, identified the coin and reportedly began aggressively trading it. Within
hours, the speculative fervor sent TST’s price soaring. It reached a peak of
$0.05183, with its market capitalization surpassing $50 million.
However, as reality set in, the token quickly crashed
back down to $15 million. BNB Chain’s team attempted to mitigate the situation
by deleting the video and removing the private key associated with the
tutorial’s wallet. Yet, the hype was already in motion.
“The team member also deleted the private key for the
creator address used in the tutorial, which holds 0.13% of the token. And no
one on the team (or Binance) holds any of that token,” CZ wrote.
A Lucky Trader’s Windfall—Or Insider Trading?
The TST frenzy highlighted the growing influence of
memecoins and token launch platforms like Four. Meme, which allow users to
easily create and launch new cryptocurrencies.
Source: GeckoTerminal
However, this rapid expansion has also caught the
attention of regulators. The UK’s Financial Conduct Authority recently
issued warnings against certain launchpads, cautioning they may be violating
financial laws.
Despite stepping down as Binance’s CEO, CZ remains one
of the most influential figures in the crypto space. The TST episode is just
the latest example of how a single comment from him can send traders into a
frenzy.
Whether intentional or not, his words still carry
weight in an industry known for its volatility. Meanwhile, CZ has re-emerged as
a key player in blockchain investments through YZi Labs, a rebranded version of
Binance Labs.
TikTok Moves to Form Separate US Venture with Oracle After Years of Delay
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
