- Unintentional TST token gains traction in the crypto market.
- A BNB Chain team designed the TST token for tutorial purposes.
- TST’s market entry emphasized the nature of the decentralized crypto industry.
A “tricky” situation on the BNB Chain led to the launch of an accidental crypto token that has gained notable traction. In an X post, Binance founder Changpeng Zhao (CZ) stated how a BNB Chain team member explained that TST, a token created for a tutorial, found its way into the hands of a Chinese crypto community with significant trading activity.
How a Tutorial Token Became Real
According to Zhao, the team included TST in a tutorial video to teach the community how to launch meme tokens on the four.meme platform. Unexpectedly, a Chinese community KOL picked up on the exemplary TST token included in the video and started trading and promoting it. The BNB Chain team member who spoke to Zhao noted the token’s market cap had reached $494,560 before his report.
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Meanwhile, the team member deleted the video after noticing what had happened, but that could have been too late, considering how the internet stores data. It now looks like a case of an accidentally launched crypto token, as Zhao advised the team to re-upload the tutorial video since taking it off the internet wouldn’t change the situation.
CZ’s Disclaimer and the Decentralized Nature of Crypto
It’s crucial to note that Zhao emphasized his post was only for information and not an endorsement of the token. Nonetheless, he clarified that the team member deleted the private key for the creator address used in the tutorial, which holds 0.13% of the token. As of when Zhao posted, no member of the Binance team held any of the TST tokens.
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Situations like these emphasize the nature of the decentralized ecosystem of cryptocurrencies. It is similar to how a memecoin like Dogecoin that started as a joke ended up being a notable cryptocurrency. Crypto community members commenting on Zhao’s post maintained a similar sentiment, with some viewing the token as an opportunity for market speculation.
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