TST: The Rise and Fall of a Binance-Backed Meme Token

On February 6, the test token TST featured in the four.meme platform demo video was discovered by the market. However, since the concept of "demo coins" had appeared multiple times on Solana before, the market did not pay excessive attention, and the market cap briefly touched 5 million USD before returning to zero.

On February 6, the test token TST featured in the four.meme platform demo video was discovered by the market. However, since the concept of "demo coins" had appeared multiple times on Solana before, the market did not pay excessive attention, and the market cap briefly touched 5 million USD before returning to zero.

On the evening of the 6th at 8 PM, CZ specifically responded to the TST token, pointing out that the token was not issued by the team and that they do not hold any tokens, along with a link to purchase the token. The market began to FOMO, and the market cap once broke through 50 million USD.

On February 7, due to the lack of new news and actions, TST briefly fell back to 10 million USD. However, subsequent developments completely surprised the market, as Binance Alpha listed TST, CZ posted again, and Binance launched TST spot and contracts—Binance pushed TST to new heights at an unprecedented speed, with the token's market cap reaching a maximum of 520 million USD at the time of writing.

As TST gained popularity, the BSC ecosystem was also ignited, with many old coins related to BSC concepts being pumped. This article will review which sectors the market is speculating on and their performance.

Secondary Market

BNX

Current Market Cap: 122 million USD

Background Concept: The four.meme platform is actually incubated by the BinaryX team. In September 2024, BinaryX announced a brand rebranding to Four, but it has not been executed yet, and the four.meme platform does not have a platform token, so BNX is considered a platform token concept and is being speculated upon.

CAKE, BAKE

Current Market Cap: 540 million USD, 420 million USD

Background Concept: PancakeSwap is the largest exchange on BSC. BAKE is the token of BakerySwap and is also part of the BSC ecosystem.

Binance Alpha

The BSC tokens in Binance Alpha are ranked by 24-hour trading volume as shown in the image above, with the top five being:

BOB

Current Market Cap: 9.96 million USD

Background Concept: Binance's official Twitter often mentions "Build On Bnb," leading to the emergence of this conceptual Meme token.

KOMA

Current Market Cap: 30.67 million USD

Background Concept: KOMA is a community-driven Meme token, also known as the "son of SHIB."

BANANA

Current Market Cap: 47.76 million USD

Background Concept: A pure Meme token, but with a strong background, linked to multiple BSC applications and projects. It received investment from four.meme on February 9.

CGPT

Current Market Cap: 150 million USD

Background Concept: The token of the AI project ChainGPT.

MONKY

Current Market Cap: 40.53 million USD

Background Concept: A Meme token created by the FLOKI project team, with Wintermute and DWF Labs as its market makers.

Four.meme Origins

Queen YI, CZ

Current Market Cap: 2.3 million USD, 1 million USD

Background Concept: Same name concept, unofficial tokens.

binancedog

Current Market Cap: 1.21 million USD

Background Concept: The first Meme token that exploded on the four.meme platform, with a peak market cap exceeding 10 million USD.

cakedog

Current Market Cap: 520,000 USD

Background Concept: The first Meme token on Pancake's pump platform PancakeSwap SpringBoard, with a historical peak market cap of 7 million USD.