Breaking
February 8, 2025

Crypto News | Binance Test Token Pumps to $37M After Accidental Name Reveal Wayne Jones | usagoldmines.com

A test meme coin (TST) created for a tutorial on the Four.Meme platform experienced an unexpected surge in value following a social media post by former Binance CEO Changpeng Zhao, popularly known as CZ.

The token, originally intended as a demonstration asset on the BNB Chain, saw its market cap skyrocket as traders and influencers turned it into a fully functional cryptocurrency.

Accidental Launch

According to an X post from Zhao, the meme coin’s name was briefly visible in a single frame of the training video. After realizing it had been exposed, the team removed the video from the web. However, by then, it had already been spread across the internet.

The video and the token soon caught the eye of several Chinese crypto influencers, with their endorsements creating further interest and attracting more traders. What had started as a simple test asset quickly transformed into a fully tradable coin.

Zhao has since clarified that neither he nor Binance endorsed the coin, stating:

“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 added that a team member had also deleted the private key for the creator address used in the tutorial, which contained 0.13% of the token supply. He further stated that no one on the training team or at Binance held any of the cryptocurrency.

Despite this, the former executive suggested restoring the instruction video while also encouraging the community by commenting, “Happy trading.”

TST’s Meteoric Rise

According to DEX Screener data, TST, which initially held a valuation of just under $500,000, saw its fully diluted value surge beyond $25 million. Eager traders drove its market cap past $37 million, with its liquidity reaching $4.5 million.

As the coin continued gaining traction, it was listed on PancakeSwap. Shortly after, it was also added to the MEXC exchange, where its price fluctuated between $0.02 and $0.04. Early investors also made substantial profits, with one trader reportedly earning $303,600 from sales and another securing $258,200.

The rapid rise of the meme coin shows the intense demand for this asset class. However, despite their popularity, they have faced growing scrutiny in recent weeks. Pump.fun is currently the subject of a proposed class-action lawsuit from investors alleging it marketed and sold unregistered securities.

Additionally, the launch of a Trump-themed meme coin in January also caused controversy within the industry. Mark Cuban criticized the initiative as a setback for crypto’s legitimacy, arguing that it weakens ownership and fuels speculation.

Senator Elizabeth Warren also called for an investigation into the Trump token, citing concerns over ethics, foreign influence, and regulatory oversight.

The post Binance Test Token Pumps to $37M After Accidental Name Reveal appeared first on CryptoPotato.

  A test meme coin from a tutorial video surged in value after an unintended exposure, highlighting the speculative nature of crypto markets. AA News, Crypto News, Binance, Changpeng Zhao (CZ Binance), Meme coins 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

SEC Delays Decision on BlackRock’s Spot Ethereum ETF Options Until April Nidhi Kolhapur | usagoldmin...

Deribit Exits Russian Market Amid EU Sanctions: What It Means for Crypto Traders Debashree Patra | u...

FTX Sends Fund Distribution Emails to Creditors, $345M in Claims Still Unverified Nidhi Kolhapur | u...

Coinbase Lawsuit Heats Up as Court Rules It Must Face Investor Claims Vignesh S G | usagoldmines.com

Anthony Pompliano backs politicians cutting American taxes after recent DOGE revelation Florence Muc...

Anthropic CEO says DeepSeek was ‘the worst’ on a critical bioweapons data safety test Florence Mucha...

Could Fear Fuel Bitcoin’s Comeback? Analyst Spots a Surprising Pattern Samuel Edyme | usagoldmines.c...

Crypto Prices Today (08th Feb, 2025): Bitcoin Price Holds at $96k | FLR Becomes Top Gainer Shrishesh...

Coinbase is back in court in revived securities sale class action suit Derek H Andersen | usagoldmin...

FXGuys Secures More Than $3M Investment as SUI and TRON (TRX) Whales Quietly Move In Cryptopolitan M...

This New Viral Crypto Has Stolen The Attention Away From Solana and XRP So Far This Year Cryptopolit...

Bitcoin Taps $100,000 But Fails To Hold Amid Mixed US Jobs Report Ash Tiwari | usagoldmines.com

National Bank of Poland Rejects Bitcoin Reserves Plan as Global Adoption Rises Mustafa Mulla | usago...

Whales are buying HYPE, amid Nascent PEPE dumping Florence Muchai | usagoldmines.com

Is Bitcoin’s safe haven narrative cracking? Gold’s rise suggests so Nellius Irene | usagoldmines.com

Crypto News | Derivatives Exchange Deribit Exits Russian Market Amid EU Sanctions Chayanika Deka | ...

Ripple News: XRP Depository Receipts to Be Offered to Accredited Investors Anjali Belgaumkar | usag...

Trump is planning more tariffs for next week, warns they’ll hit ‘everyone’ Jai Hamid | usagoldmines....

Just 10 Holders Control 61.3% Of Shiba Inu Supply: How This Compares With Other Altcoins Keshav Verm...

XRP Price Prediction For February 8 Anjali Belgaumkar | usagoldmines.com

Democratic states sue president Trump over Elon Musk’s D.O.G.E Jai Hamid | usagoldmines.com

Ishiba to Trump: Japan to invest an ‘unprecedented’ $1T in US Graham Smith | usagoldmines.com

Bitcoin Sees Largest Exchange Withdrawals Since FTX Collapse—What’s Next? Samuel Edyme | usagoldmine...

Crypto News | Here’s How Many Shiba Inu (SHIB) Investors Sit on Unrealized Losses Dimitar Dzhondzho...

Crypto News | Partnr Launches to Connect Consumer Crypto with On-Chain AI Agents Chainwire | usagol...

Crypto News | SEC Reviews Grayscale’s Solana ETF Filing, Indicating Possible Shift in Crypto Regula...

Crypto News | Bitcoin Eyes $100K After Market Crash, Trump Approves US Sovereign Wealth Fund: Weekl...

Crypto News | Alexey Pertsev to Be Released from Prison Today With an Electronic Monitor Wayne Jone...

Crypto News | Meme Index Raises $3.4M in Viral ICO – Next Meme Coin to Pump? Felix Mollen | usagold...

Crypto News | Berachain Price Rallies 660% and Tops Altcoin Gainers as Best Wallet Presale Nears $1...

Crypto News | Justin Sun Sues Music Mogul David Geffen Over $78M Sculpture Dispute Wayne Jones | us...

Crypto News | Congress Moves to Regulate Stablecoins, Temporarily Bans Some Digital Assets Chayanik...

Game platform Roblox is under ‘active investigation’ by the SEC, RBLX stock tanks Shummas Humayun | ...

Bitcoin Dominance 2021 Vs. 2025: Why Striking Similarities May Show If An Altcoin Season Is Possible...

Crypto News | Public Citizen calls for DOJ probe into Trump’s memecoin promotion Assad Jafri | usago...

Crypto News | Maple reports no increase in bad debt, $10M inflows amid recent market crash Gino Mato...

Takeaways and forecasts from ARK Invest’s Bitcoin, AI agents, stablecoins, and blockchains 2025 repo...

Barstool’s Portnoy makes $68K in risky meme coin trades, doxxes wallet Nellius Irene | usagoldmines....

Tether CEO unbothered by USDT competition Hannah Collymore | usagoldmines.com

From $10K to $75K: How Dave Portnoy Pumped and Dumped a Meme Coin on His Followers Hassan Shittu | u...

‘Hawk Tuah’ girl breaks silence on meme coin scandal, claims she was misled Nellius Irene | usagoldm...

Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ Jake Simmons | usagoldmines.com

Ondo Finance Unveils Real-World Asset Layer 1 – 10x Incoming? Michael Davis | usagoldmines.com

Donald Trump’s World Liberty Financial Set to Create Strategic Crypto Reserve: Report Julia Smith | ...

SEC will delay decision of BlackRock ETH ETF options trading until April 25 Derek H Andersen | usago...

‘It makes me sad’: The Simpsons’ Hank Azaria fears being replaced by AI Enacy Mapakame | usagoldmine...

OpenAI reveals “chain of thought” in ChatGPT’s o3-mini model to match DeepSeek’s open-source hype Sh...

This Crypto Predicted to Knock Shiba Inu Out of the Top 20 Could Turn $400 into $20,400 Faster Than ...

Sky governance vote raises savings rate to 8.75% Hristina Vasileva | usagoldmines.com

Ethereum Is Consolidating After The Flush Last Weekend – The Calm Before A Big Move? Sebastian Villa...

Crypto News | Coinbase is now a major financial entity with $420B in assets Oluwapelumi Adejumo | us...

Crypto News | Tornado Cash developer petitions Supreme Court to protect trial strategy Andjela Radmi...

Crypto News | BlackRock now owns 5% of Strategy’s outstanding shares Oluwapelumi Adejumo | usagoldmi...

Crypto News | Yahoo Finance is reportedly blocking press releases from crypto companies Andjela Radm...

Crypto News | CFTC launches pilot program for tokenized stablecoin collateral Gino Matos | usagoldmi...

Crypto News | Russian Bitcoin miners fear new mining registry could lead to security breaches Oluwap...

Crypto News | Circle’s USDC supply reaches new ATH of $56 billion Oluwapelumi Adejumo | usagoldmines...

Crypto News | Japan requests Apple, Google block access to unregistered crypto exchanges Assad Jafri...

Crypto News | Maryland, Iowa, and Kentucky propose legislation to establish Bitcoin reserves Gino Ma...

Crypto News | SEC seeks more time to deliberate on options for Ethereum ETFs, extends review to Apri...

Maryland Joins States Proposing Strategic Bitcoin Reserve Hassan Shittu | usagoldmines.com

US President Trump says Elon Musk’s D.O.G.E will audit the Pentagon Jai Hamid | usagoldmines.com

Dogecoin Starts Out February with 23% Crash, What Does Historical Data Point To? Scott Matherson | u...

GTA 6 release in Fall 2025? Take-Two CEO still leaves room for doubt Noor Bazmi | usagoldmines.com

USDC finally makes full recovery from FTX market crash Jai Hamid | usagoldmines.com

Poland’s Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report Hassan Shittu |...

Bitcoin Network Activity Drops 15%, Hits Lowest Level in a Year Tanzeel Akhtar | usagoldmines.com

Maryland Introduces ‘Strategic Bitcoin Reserve Act’ in Push for State Crypto Adoption Nidhi Kolhapur...

Tornado Cash Co-Founder Released From Prison, Plans to Focus on Appeal Shayan Chowdhury | usagoldmin...

SoftBank reported to invest another $40b in OpenAI, becoming its largest investor Derek H Andersen |...

Japan removes Kucoin, Bitget, and other unregistered crypto exchanges from app stores after FSA requ...

Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst Christian Encila | usagoldmines....

Bitcoin (BTC) mining difficulty may rise over the weekend, putting more pressure on overstretched mi...

Large Whale Dumps 8,500 Ether Amid Surging Institutional Demand Aliyu Pokima | usagoldmines.com

XRP ETF Launch: Ripple Bulls Eye $50 Billion Inflow As Institutions Show Massive Interest In XRP Eri...

1.24 Trillion SHIB On the Move – Will This Trigger a Price Reversal? Alejandro Arrieche | usagoldmin...

Hex Trust Secures Strategic Funding Led by Morgan Creek Digital Tanzeel Akhtar | usagoldmines.com

Trump Meme Coin Hit With Legal Complaint – Is a Total Collapse Coming? Harvey Hunter | usagoldmines....

$1 Billion USDT Gets Minted on TRON – Will TRX Hit $1? Tim Hakki | usagoldmines.com

Whale Pulls 375B PEPE Off Binance – Is a Major Price Rebound Incoming? Tim Hakki | usagoldmines.com

US CFTC to Host Forum on Digital Asset Markets Pilot Program Launch Tanzeel Akhtar | usagoldmines.co...

Ethereum Price Stagnation Conditions, When Is a Pump Coming? Joel Frank | usagoldmines.com

Experts Predict a 10x Surge For This Newly Launched Crypto in 2025 Cryptopolitan Media | usagoldmine...

Massive XRP Accumulation – Whales Bought 520 Million XRP During Market Dip Sebastian Villafuerte | u...

BlackRock Doubles Down on Bitcoin: Increases Stake in Strategy to 5% Nidhi Kolhapur | usagoldmines.c...

Bitcoin Surges Above $100K as U.S. Job Data Falls Short, Boosts Crypto Outlook Nidhi Kolhapur | usag...

Just In: CFTC Plans CEO Forum to Discuss Crypto Pilot Program Nidhi Kolhapur | usagoldmines.com

CFTC brings crypto CEOs together to launch digital asset markets pilot program Jai Hamid | usagoldmi...

AMD’s AI ambitions stumble as stock lags behind Nvidia’s 160% surge Nellius Irene | usagoldmines.com

Huge Dips On FARTCOIN And TRUMP Hints At Money Flowing Into New Projects – Is FXGuys ($FXG) A Potent...

Congress Pushes for NFT Protections in Crypto Bill Victor | usagoldmines.com

Top Crypto Partnerships – February Week 1 Tari | usagoldmines.com

Virtune Launches Avalanche, Cardano ETP in Finland Lawrence Mike Woriji | usagoldmines.com

US merges and acquistions activity plummets amid Trump tariffs fears, experiences worst start to yea...

BlackRock Boosts Stake in Michael Saylor’s Strategy to 5%, Increasing Bitcoin Exposure Ruholamin Haq...

Tokenized Gold Bars, Gold-Backed NFTs and Avatars Soon to Launch via MBD Financials and Indigo Preci...

Russian Bitcoin Miners Fear Sanctions as Government Enforces Wallet Address Registration Jimmy Aki |...

SEC Acknowledges Amendment for Grayscale Spot Solana ETF Application Jimmy Aki | usagoldmines.com

Next 4 Big AI Crypto to Soar to 100x as dApp AI Gains Hype Krishi Chowdhary | usagoldmines.com

Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle Scott Mather...

Leave a Reply