A memecoin launched on the BNB Chain put up massive gains after top global crypto exchange Binance rolled out support for it.<\/p>\n
In a new announcement, Binance says<\/a> that it is adding support for Test (TST<\/a>), a test token launched<\/a> by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform.<\/p>\n 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.<\/p>\n With a market cap of $163.4 million, TST is the 353rd largest crypto project.<\/p>\n Some crypto whales trading<\/a> TST are looking<\/a> at massive profits, according to blockchain tracking firm Lookonchain.<\/p>\n \u201cdingaling 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\u2026 <\/em><\/p>\n After Binance announced the listing of TST, the price skyrocketed to $0.40! The whale we mentioned is cashing out on TST, and his profit has now exceeded $2.5 million!\u201d <\/em><\/p>\n Binance is attaching a seed tag to TST, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.<\/p>\n Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they\u2019re aware of the risks before trading the tokens.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Featured Image: Shutterstock\/Alberto Andrei Rosu<\/em><\/span><\/p>\n<\/p><\/div>\n
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