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- Former Binance CEO Changpeng Zhao clarified that TST token was never intended for real-world trading but was a demonstration asset for a tutorial.
- Zhao emphasized that neither Binance nor the BNB Chain team holds any stake in TST, and the private key for the token’s creator address was deleted.
The crypto market witnessed an unexpected surge in the valuation of a little-known TST token, after an educational video by a BNB Chain team member inadvertently revealed its existence. The rapid rise in the token’s market capitalization led to widespread speculation, forcing the team to delete the video.
Binance’s Changpeng Zhao Stirs The Crypto Market With TST Token
Former Binance CEO Changpeng Zhao took to X (formerly Twitter) to clarify the situation, stating that TST token was never intended for real-world trading. According to Zhao, the video was created as a step-by-step guide on launching meme tokens through four.meme, a platform built on the BNB Chain.
The tutorial video, which was meant solely for educational purposes, featured the creation of the TST token. However, at the 1:18 mark, the token’s ticker became visible, catching the attention of the Chinese crypto community. Zhao shared insights from a BNB Chain team member, stating:
We did the step-by-step video education for launching a meme token on the four.meme platform. In this video, we launched a token named TST as an example. When we posted the education video yesterday, there is 1 frame at 1:18 where the name gets uncovered.
This brief exposure was enough to spark interest among prominent key opinion leaders (KOLs) in the Chinese market, who then began trading and promoting the token. Zhao revealed that as a result, the TST token’s market cap surged to $494,560 before skyrocketing to an astonishing $41.42 million within hours. However, volatility soon hit, with its value dropping to $10 million, according to available data.
Video Taken Down, Internet Remembers
The BNB Chain team decided to remove the video in response to the unexpected frenzy surrounding TST. Zhao acknowledged the situation, emphasizing that digital footprints are not easily erased.
“The team member deleted the video upon learning about it. But the internet does not forget,” Zhao noted, suggesting that despite the video’s removal, its impact had already been felt. He further clarified that the token was never an official project of Binance or the BNB Chain team and was merely a demonstration asset for the tutorial.
No Binance, BNB Chain Team Holdings
Addressing concerns over potential insider involvement, Zhao confirmed that neither Binance nor BNB Chain team members had any stake in TST. He disclosed that the private key associated with the token had been deleted by the team member who initially posted the video.
CZ added:
The team member also 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.
Despite the confusion that arose, Zhao proposed that the BNB Chain team restore the tutorial video. He dismissed any speculation about the token’s legitimacy, making it clear that it was never intended for public trading. Thus, he wrote, “I recommended they put the video tutorial back. It is what it is. This is NOT an endorsement from me for the token.”
Previously, the Binance founder shared his outlook for the crypto market in 2025. In a Friday post on X, Zhao described 2025 as a “send it year,” expressing optimism and enthusiasm for the industry’s future.
