Meme Coin Revival Is Fuelling a Recovery Move for the BNB Binance Coin

Despite CZ Binance explaining the mistake, the BNB price seems to be heading into a strong week as bulls try to claw back recent losses.

A meme coin blunder by Binance has fuelled a 22,500% pump for a test token named TST. The surprising event unfolded in a tutorial video released by the Binance Launchpad team, showcasing the Binance Pump.Fun equivalent Four.Meme.

At around the 1.18-minute mark in the tutorial, the Binance team inadvertently showed a test meme coin named TST token. The token, which was never officially launched by Binance, quickly caught the attention of traders and sparked a massive buying spree.

In typical meme coin fashion—and they really should’ve seen this one coming—the clippet triggered a 22,500% pump for the TST token price, and further explanation from CZ Binance brought even more attention to the chain.

The TST token is not affiliated with Binance or any of its employees. It appears that members of the community have created the token and the website. Binance has not tested or approved the token.

The TST token uses the Binance logo and name without permission. This is a copyright violation and must be rectified. Please use a ✅ (pass) or a similar indication instead.

As a reminder, all Binance Launchpad projects are clearly marked with a ✅ (pass) on the Binance Chain Explorer. Any project without this mark is not officially tested or approved by Binance.

TST token daily transactions on Binance Smart Chain (Source)

The flurry to buy TST token saw daily transactions on Binance Smart Chain leap +37% overnight from 3,727,802 tx/24hr to 5,139,889 tx/24hr.

This bolsters a steady uptrend in BSC activity over the past 6-months, with a +113% increase in transactions from a low of around 2.6M to an impressive 5.5M more recently.

The activity on Binance Smart Chain has seen a steady uptrend over the past six months. (Source)

BNB Price Analysis: Is BNB Binance Coin Heading For a Reversal?

As BNB Binance coin mounts a stunning reversal to reclaim key moving average support, it is currently trading at a market price of $617 (representing a 24-hour change of +6.8%).

This comes after immense buy pressure rapidly bought up the BNB price drop on February 3, in Binance coin’s first high-confidence retest of the accumulation zone (green, between $350-$500) since September.

(BNBUSDT)

This re-visit to the accumulation zone has bolstered BNB strength in a resounding bull signal to investors, not least because it affirms the 5-month period of bullish pressure in the distribution zone (red, between $650 and $800).

The strong bounce from this zone has seen BNB Binance coin quickly regain ground, slamming back over the 200DMA (at $609) in dramatic fashion. This sets the stage for a further bounce on the upcoming Monday market open.

Such a move will likely target a push to 20DMA support around $650, and would represent a significant recovery move considering the stress across the broader altcoin market.

Yet, despite the already resounding bounce, the RSI indicator remains at a bullish undervalued signal – a present reading of 41; further adding weight to the theory that BNB price is set to push back above $650.

But while BNB holders eye a further 5% push, hungry investors seeking bigger gains are gravitating to a hot crypto presale for the world’s first Solana layer-2 blockchain – SOLX.

$20M In Cross-Hairs For New Solana Layer 2 Scaling Solution: Don’t Miss Out

As Solana continues to steal the limelight as the biggest layer-1 winner over the past year, and fresh off the heels of a resounding vote of confidence from the Trump family and their tumultuous adventure into the world of meme coins – one thing has become astutely clear.

Solana desperately needs a layer-2 solution capable of scaling the network effectively to meet the ever-increasing user demand.

Congestion is becoming a major issue on the Solana network, and with network downtime becoming an increasingly common occurrence, it comes as no surprise that hot developers in the Solana world are already cooking up a quickfire solution.

Solaxy (SOLX), currently in the presale stage – enabling smart money investors to get in ahead of the upcoming token launch, has already smashed $18.5M raised and has $20M firmly in its crosshairs for the coming week.

Much like Arbitrum (ARB) and Optimism (OP) on Ethereum, Solaxy will deliver bundled-cheap and high-speed transactions for Solana – reducing the network strain to ensure stress-free and elegant on-chain transactions.

The SOLX team is also developing a new ETH-SOL bridge