The TST test token, initially created for a tutorial by the BNB Chain team, saw a surge in trading volume exceeding $43 million. The memecoin's market cap skyrocketed to over $35 million before plummeting to around $15 million. The token, meant for a step-by-step video on creating a memecoin via the Four.Meme platform, was unintentionally named in a single frame of the tutorial video. Binance co-founder Changpeng “CZ” Zhao stated that the TST token is not an official release and was merely a test token. Despite its brief rise, the event underscores concerns about market manipulation and the volatile nature of memecoins, which have recently attracted scrutiny from regulators and lawmakers. This incident highlights the complexities and risks within the crypto space, particularly around speculative trading activities related to memecoins.

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