The BNB Chain memecoin scene is buzzing. A new token has caught everyone’s eye. The Test Token (TST) began as a simple ‘test’ for a tutorial video. Now, it has grown into one of the largest memecoins on BNB Chain. This article looks at TST’s tokenomics, its future, and how it grew from a tutorial video to a multi-million dollar cryptocurrency. 

TST: An Accidental Success Story

 On February 6, 2025, a member of the BNB Chain team was making a tutorial video.  They wanted to show people how to create tokens using Four.Meme, the main platform for launching memecoins on the BNB Chain layer-1 (Pump.fun isn’t the only memecoin platform making waves!).  During the video, they created a test token called TST. Even though they tried to keep the token name hidden, it appeared for a moment in only one frame of the video.

This tiny mistake would change everything…

Influential Chinese cryptocurrency figures noticed the token’s name and started discussing it. Soon, TST’s value shot up to around $500,000. The situation got interesting when Changpeng Zhao (CZ), Binance’s founder, talked about TST on X (formerly Twitter).

 CZ wanted to make it clear that TST wasn’t an official BNB Chain memecoin.  But, his posts had the opposite effect. They didn’t cool down the excitement. Instead, they got more people interested in TST. CZ must have expected this. In just two days, TST’s market value surged to nearly $500 million. This puts it ahead of many well-known and venture-backed cryptocurrency projects.

TST’s Current State

TST’s price has fallen from its peak, but it is still a key player in the memecoin market.  At the time of writing, TST still maintains a market value of over $100 million. Someone made a website and social media for TST. You can find more details on CoinMarketCap.

Analyzing TST’s tokenomics

TST’s token structure is simple. It launched through Four.Meme, and all tokens share some key features.  Here are the key features:

 The total supply of TST is capped at 1 billion tokens, which are all currently in circulation. BscScan data shows that over 25,000 unique addresses own TST tokens. This means TST tokens are widely held. A Binance address is the largest holder, controlling 63.2% of all TST tokens.

A burn address is the second-largest holder. This means that approximately 5% of all TST tokens are permanently unavailable. Yet, one unknown large holder has 3.8% of the total supply. This may worry some investors. It could cause a lot of sell pressure on TST.

Where can traders buy and sell TST? 

Many major cryptocurrency exchanges now list TST for trading.  These exchanges were very quick to support TST after CZ’s comments, and they now include:

 Binance

 Bitget

 Kucoin

 MEXC

 HTX

TST also has a lot of trading on PancakeSwap. This is the main decentralized exchange on BNB Chain.

Things About TST That We Like

Even with the risks of memecoins, TST stands out for several reasons:

• CZ, known for his strong influence on social media, has taken notice of the token.

TST’s launch via Four.Meme helps investors grasp how the token functions and its tokenomic traits. 

TST is different from many other memecoins because of its interesting origin story. Cutting 5% of TST’s supply from circulation could boost its long-term value. This is especially true if more tokens are burned.

Aspects of Risk to Consider: TST still has some very risky aspects, despite some positive traits. To name a few…

CZ’s social media posts helped TST succeed at first. Future mentions aren’t certain. There are unknown large TST holders who may sell their tokens at any time, putting sell pressure on the TST token itself. The memecoin market as a whole and BNB Chain’s memecoin ecosystem’s continued popularity are crucial to TST’s success. While BNB Chain’s memecoin space is hotting up, there’s no telling how long that will last.

 The price of TST, like that of all cryptocurrencies, can change a lot in a short amount of time. This makes it a high-risk investment that might not suit everyone’s investment goals. TST is more interesting than many memecoins, but it’s not perfect.

Looking Ahead The shift of TST from a tutorial token to a leading memecoin shows how unpredictable the cryptocurrency market can be. But, how does it relate to the BNB Chain (and CZ?) Its interesting origin story offers some advantages. But, investors should weigh the risks before engaging with the token.

Remember, the cryptocurrency market, especially the memecoin sector, can be quite unstable. Only invest what you can afford to lose. Conduct thorough research before making decisions.