Binance-Backed Memecoin Rips 1,267% After Crypto Exchange Announces Trading Support
A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it. In a new announcement, Binance says that it is adding support for Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Amid the listing news, TST soared to an all-time high of $0.5113 from its low of $0.02607. The memecoin has since retraced. TST is trading for $0.1717 at time of writing, down 43.7% in the last 24 hours. With a market cap of $163.4 million, TST is the 353rd largest crypto project. Some crypto whales trading TST are looking at massive profits, according to blockchain tracking firm Lookonchain. “dingaling deposited all 1.79 million CHEEMS ($2.2 million) and 4 million TST ($1.74 million) into Binance [Sunday], making a total profit of ~$4.7 million… After Binance announced the listing of TST, the price skyrocketed to $0.40! The ...