On February 6, the test token TST was attracted by the market for appearing in the four.meme platform demonstration video. However, since "demonstration coins" are common in the Solana ecosystem, the market response is dull, and its market value briefly hit $5 million and then returned to zero.
At 8 o'clock that night, Binance CEO CZ publicly responded, stating that TST was not issued by Binance and did not hold the token, and attached a link to purchase the token. This move triggered panic buying (FOMO), and TST's market value quickly exceeded US$50 million.
On February 7, due to lack of follow-up news, TST's market value briefly fell back to US$10 million. But then, Binance Alpha launched TST, CZ issued another article, and Binance launched TST spot and contracts, causing TST's market value to soar, reaching a maximum of US$520 million.
TST's popularity has also driven the BSC ecosystem, and many BSC-related concept coins have risen simultaneously. This article will take stock of these currencies and analyze the sectors and performance of market speculation.
Secondary Market
Current market value: US$122 million
Background: The four.meme platform is incubated by the BinaryX team. Although BinaryX announced its brand reshaping as Four in September 24, it has not been completed so far, and the four.meme platform does not have platform coins, so BNX has been hyped up by the market as a platform coins concept.
Current market value: US$540 million, US$420 million
Background: PancakeSwap is the largest decentralized exchange on BSC, and BAKE is the token of BakerySwap, both of which belong to the BSC ecosystem.
Binance Alpha
The above picture shows the top ten BSC tokens in Binance Alpha in 24 hours of trading volume. The top five are:
Current market value: US$9.96 million
Background: Binance's official Twitter often mentions "Build On Bnb", and BOB is hyped as the Meme token derived from it.
Current market value: US$30.67 million
Background: KOMA is a community-driven Meme token and has been labeled as the concept of "SHIB Son".
Current market value: US$47.76 million
Background: Pure Meme tokens, but they are related to multiple BSC applications and project parties, and received four.meme investment on February 9.
Current market value: US$150 million
Background: Tokens for AI project ChainGPT.
Current market value: US$40.53 million
Background: Meme tokens created by FLOKI project parties, Wintermute and DWF Labs are their market makers.
Four.meme related
Current market value: US$2.3 million, US$1 million
Background: Concept token of the same name, not officially issued.
Current market value: US$1.21 million
Background: The first Meme token to be popular on the four.meme platform, with a maximum market value of more than US$10 million.
Current market value: US$520,000
Background: The first Meme token on PancakeSwap SpringBoard, with an all-time high market value of $7 million.
The above is the detailed content of TST is online at Binance, with a market value of over US$500 million. What other popular tokens are there in BSC?. For more information, please follow other related articles on the PHP Chinese website!
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