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Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
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Former Binance CEO Changpeng Zhao aided a 100x surge with the accidental promotion of TST coin turned popular meme coin.
Originally used as a simple demonstration for launching meme coins on January 6, TST quickly caught the attention of speculators, eager to capitalize on the supposed endorsement.
Despite CZ’s repeated attempts to downplay the hype—emphasizing that the coin was purely for instructional purposes and not connected to Binance—his comments only fueled the buzz.
By early Sunday, TST coin had reached a staggering $723.5 million market cap, with investors piling in amid the growing FOMO and increased demand from a Binance listing.
However, the rally was short-lived.
Test Coin Tanks 70%: Is It Over for TST?
The listing bolstered Test coin FOMO with increased demand, attracting even more speculative interest.
However, as with many meme coins driven by hype rather than fundamentals, the initial excitement quickly gave way to a dramatic correction.
TST plunged over 70% since its peak as profit-taking triggered widespread panic selling.
On the hourly, the TST chart now stands at a Relative Strength Index (RSI) of 20—way below the oversold threshold at 30—a damming sign that bulls are steering clear.
With the clarity of the mistaken endorsement, the coin is likely to become a pump and dump.
However, a decisive hold of the $0.1465-0.1635 support zone will prove a critical indicator of further downside.
Binance Lists TST Coin: CZ Reveals How Meme Coins Make the Cut
Adding to the confusion, Binance’s January 9 listing of Test Coin raised eyebrows about the exchange’s involvement in the meme coin’s sudden rise.
While CZ had no direct role in Binance’s internal operations at the time, he weighed in on how such a relatively new coin managed to get listed ahead of more established ones.
Drawing from his experience, CZ explained, “The truth is: exchanges must compete to list popular coins (with trading volume) as early as possible.”
He attributed TST’s listing to its sudden surge in popularity, noting how the meme coin’s rapid rise reflected a broader market trend.
“It’s clear there’s a lot of money ready to invest in the market. Lots of opportunities. You need to build things people want,” he added.
This New Meme Coin Could Be Binance’s Next Pick
As meme coin mania makes a comeback, those elusive 10-100x opportunities are seemingly everywhere—and CZ is right, speculators are racing to catch their tailwinds.
If you’ve missed out before, MIND of Pepe ($MIND) gives you the chance to get in early and stay ahead.
As a self-improving AI agent crafted to provide exceptional value to $MIND token holders, it capitalizes on one of this cycle’s most sought-after meme coin narratives: AI agents.
Through its X account, MIND of Pepe actively engages with the crypto community—shaping discussions, uncovering alpha opportunities, and providing exclusive, token-gated insights.
It truly delivers what people want: alpha. Something likely credited to the project’s instant success, raising over $5.6 million in one of the fastest-growing presales right now!
Only $MIND holders gain access to its most valuable information, keeping them ahead of the curve.
Within its Telegram community, MIND of Pepe gives holders early access to invest in promising tokens before they hit the public market.
Access the Mind of Pepe on X and Telegram for updates on the project.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
