CZ Shows How to Launch a $40M Memecoin in Six Hours With TST

Here’s how you launch a memecoin on BNB Chain:

Step 1: Make an educational video titled “How to launch a memecoin on BNB Chain.”

Step 2: Create a test token on four.meme called $TST for the video.

Step 3: Very briefly show the name of the token, so someone can start trading it.

Step 4: Have Binance founder Changpeng “CZ” Zhao put out an X post about the situation.

Step 5: Watch its market cap climb to $48 million in 20 minutes.

"Tricky Situation"

News of the Test memecoin broke on Thursday morning when CZ told his 9.5 million followers on X about the “tricky situation.”

It really began, Zhao said, when a Chinese key opinion leader (KOL) started to trade and promote the token.

When he posted, at 7:24 a.m. EST on Feb. 6, it’s market capitalization was just under $500,000. By 7:45 it was almost $48 million. It has since fallen back to about $12 million

While the BNB Chain employee quickly deleted the video after the influencer stared to promote the token, there was no going back as “the Internet does not forget,” Zhao said.

Especially when Zhao reposts the video himself in a post explaining what happened.

He recommended they put the video back up, but noted that suggestion was “NOT an endorsement from me for the token.”

Zhao then said that the token “is NOT an official BNB Chain team token and that the team member had “​​deleted the private key for the creator address used in the tutorial, which holds 0.13% of the token. And no one on the team (or Binance) holds any of that token.”

So what’s happening to $TST? Its market cap jumped by $3 million while this story was being written.