Test Token TST: BNB Memecoin Review
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The BNB Chain memecoin ecosystem is hotting up, and one new token has caught everyone's attention. The Test Token (TST) started as a literal ‘test’ for a tutorial video but quickly became one of the biggest memecoins on BNB Chain. This article looks at how TST grew from a tutorial video to a cryptocurrency worth hundreds of millions of dollars, as well as its tokenomics and prospects.
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 briefly in just a single frame of the video.
This tiny mistake would change everything…
Chinese cryptocurrency influencers spotted the token name and started talking about it. Soon, TST's value shot up to around $500,000. The situation only got truly interesting when Changpeng Zhao (CZ), the founder of Binance, posted about TST on X (formerly Twitter).
CZ wanted to make it clear that TST wasn't an official BNB Chain memecoin. However, his posts had the opposite effect. Instead of cooling down the excitement, they made more people interested in TST (CZ must have expected this). Within just two days, TST's market value grew to nearly $500 million, making it more valuable than many well-established and venture-backed cryptocurrency projects.
TST's Current State
While TST's price has dropped since its peak, it remains a significant player in the memecoin market. At the time of writing, TST still maintains a market value of over $100 million. Someone has even created a website and social media presence for TST, which are detailed on CoinMarketCap.
Analyzing TST's Tokenomics
TST's token structure is straightforward because it launched through Four.Meme, where all tokens conform in certain aspects. Here are the key features:
The total supply of TST is capped at 1 billion tokens, which are all currently in circulation. More than 25,000 different addresses hold TST tokens, showing widespread ownership, per data from BscScan. A Binance address is the largest holder, controlling 63.2% of all TST tokens.
Interestingly, the second-largest holder is a burn address, meaning about 5% of all TST tokens have been permanently removed from circulation.
However, there is one unknown large holder who owns 3.8% of the total supply, which could worry some investors with the potential to create serious sell-pressure on TST.
Where Can You Trade 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:
TST also sees significant trading activity on PancakeSwap, the main decentralized exchange on BNB Chain.
Things We Like About TST
Despite the risks that come with all memecoins, TST has several unique advantages:
- The token has gained attention from CZ, whose social media posts can strongly influence the cryptocurrency market.
- TST's launch through Four.Meme means investors can easily understand how the token works as well as some of its tokenomic traits.
- Unlike many other memecoins, TST has a genuinely interesting origin story that sets it apart.
- The permanent removal of 5% of TST's supply from circulation could help support its value over the long term, especially if more tokens are burnt.
Risk Factors to Consider
Despite some positive traits, there are still some very risky aspects to TST. To name just a few…
- TST's initial success largely came from CZ's social media posts, and there's no guarantee of future mentions.
- Some large TST holders remain unknown, and they could sell their tokens at any time, causing sell-pressure for the TST token itself.
- TST's success depends on the continued popularity of BNB Chain's memecoin ecosystem and the broader memecoin market. While BNB Chain’s memecoin space is hotting up, there’s no telling how long that will last.
Like all cryptocurrencies, TST's price can change dramatically in short periods. This makes it a high-risk investment that might not suit everyone's investment goals. TST is certainly more interesting than most memecoins out there, but that certainly doesn’t make it perfect.
Looking Ahead
TST's journey from a tutorial token to a major memecoin shows just how unpredictable the cryptocurrency market can be. While its connection to BNB Chain (and CZ?) and interesting origin story give it some advantages, investors should carefully consider the risks before even considering interaction with the token,
Always remember that the cryptocurrency market, especially the memecoin sector, can be extremely volatile. Never invest more money than you can afford to lose, and always do thorough research before making any decisions.
