Binance Test Pumps to $ 37 million after revealing the cross name

Meme Test Coin (TST) created a educational program on Fourme platform an unexpected increase in value after a post on social media by the former CEO of Binance Changpeng Zhao, known as CZ.

The distinctive symbol, originally intended as the origin of a demonstration on the BNB series, saw the market rise in the market because traders and influencers transformed a fully encrypted currency.

Accidental launch

According to x mail From Zhao, the name Meme Coin was briefly visible in one frame of the training video clip. After realizing that he had been subjected, the team removed the video from the web. However, by that time, it had already spread over the Internet.

The video and the symbol soon discovered many Chinese encryptions, as their approvals were created more attention and attracted more merchants. What started as a simple test origin has quickly turned into a fully trading currency.

Zhao has made it clear since that neither he nor Binance supported the currency, saying:

“This is not an official symbol of the BNB series, or anyone. It is a test code only used for this educational video. Nothing more.”

He added that one of the team members has also deleted the special key for the creative address used in the tutorial, which contains 0.13 % of the distinctive symbol supply. He also stated that there is no one in the training team or in Binance, either of the encrypted currency.

Nevertheless, the former CEO suggested restoring video instructions while also encouraging society by commenting, “Trading Happy”.

Meteorology

According to Dex Screen DataTST, which initially held a rating of less than $ 500,000, witnessed an increase in its entire reduced value to $ 25 million. Perdating traders led the maximum of its market beyond $ 37 million, with liquidity $ 4.5 million.

As the currency continues to gain traction, it is inserted on Pancakeswap. Soon after, it was also added to the Exchange Mexc, where it flipped between $ 0.02 and $ 0.04. The first investors also made great profits, with one merchant earn 303,600 dollars from sales and the other insurance $ 25,200.

The rapid height of the Mimi coin is the strong demand for this asset category. However, despite their popularity, they have faced increased scrutiny in recent weeks. POMP.fun is currently the subject of a proposed lawsuit from work from investors who claim to have been marketing unregistered securities.

In addition, the launch of the Mimi coin of Trump in January also caused controversy in this industry. Mark Kobe criticized this initiative as a set of Crypto’s legitimacy, on the pretext that it weakens ownership and feeds speculation.

Senator Elizabeth Warren also called for an investigation into the Trump symbol, citing concerns about ethics, foreign influence and organizational control.