A BNB Chain tutorial video revealing the TST test token inadvertently triggered a massive trading surge, driving its value up by 1,281%.
The video, intended to demonstrate memecoin creation on the Four.Meme platform, unintentionally exposed the token’s name, sparking immediate interest from traders.
Former Binance CEO Changpeng "CZ" Zhao clarified that neither he nor Binance endorsed the token.
"This is NOT an official token by the BNB Chain team or anyone. It is a test token used just for that video tutorial. Nothing more," he stated.
Despite the disclaimer, the token's market capitalisation briefly surpassed $50 million before settling around $15 million.
According to data from Four.Meme, the TST test token has a trading volume of over $43 million.
The video was quickly removed but later reinstated as TST experienced a record price rally.
The token's rise also drew attention from the Chinese crypto community, who began actively trading and promoting it.
One trader reportedly turned a $35,000 investment into nearly $700,000, a gain of almost 1,900%.
The incident highlights the influence of memecoins and the potential for unintentional endorsements to impact the market.
The BNB Chain team attempted to mitigate the situation by deleting the video and removing the private key associated with the tutorial’s wallet.
The team only held a fraction of the TST supply and locked their initial wallets.