How long can the “test coin” concept led by CZ remain strong?

原创 | Odaily星球日报（ @OdailyChina )

作者：Wenser（ @wenser 2010 )

Last Thursday, when the market was boring, the frequent remarks of Binance founder CZ brought the concept of “test coins” back into the market spotlight.

As a token that CZ mentioned many times and “selected” with contract tweets, the market value of the test coin TST of Four.meme, the one-click coin issuance platform of BNB Chain ecosystem, once exceeded 600 million US dollars, which was more than 40 times higher than the previous low of about 15 million US dollars. It also successfully achieved outstanding achievements such as “landing on Binance Alpha, spot, and contract” in just a few days. Although CZ’s final statement that “there are problems with the Binance coin listing process” caused a panic dump in the market, the concept of “test coin” still attracted a wave of attention. Odaily Planet Daily will review the existing “test coin” concept-related projects in the market for readers’ reference.

TST: A test coin of a one-click coin issuance platform, with a market value of US$200 million

As the hottest new coin in recent days, although TST has suffered a mixed reception due to CZs remarks, it is still the leading test coin concept token in the market. For more details, please refer to the article TST listed on Binance in three days, market value exceeded 500 million US dollars, what other popular tokens are there on BSC? published by Odaily Planet Daily.

代币 contract: 0x86bb94ddd16efc8bc58e6b056e8df71d9e666429;

Token price: 0.19 USD (tentative);

Token market cap: $196 million.

A tweet that changed the attention of BNB Chain ecosystem

TST K-line at a glance

TCC: Representative of the CZ concept coin subset

It is worth mentioning that as the TST controversy spread and CZ responded repeatedly, a subsequent X platform user TCC (@TCryptochicks) posted a tweet saying BNB Chain is the home of builders, with a photo of CZ and a sentence TCC is right. This move also triggered a short-term FOMO in the market, and the market value of the token of the same name, TCC, once exceeded 35 million US dollars.

Token contract: 0x08e8ac8c4bca64503f774d2c40c911e8a3ffcc12;

Token price: 0.012 USD (tentative);

Token market value: $12 million.

TCC Token K-line

TUT: BNB Chain test coin 10 months ago

Coincidentally, BNB Chain officially released a BEP-20 Token Creation Tutorial Post in September 2024, in which a token called TUT was deployed. After TST attracted market attention, the token and its developers could not sit still and wanted to copy the development path of TST tokens, and released a token of the same name on the BNB Chain mainnet. However, perhaps due to the suppression of CZs rational speech, as the market value of TST fell sharply, the market value of the token fell rapidly after once exceeding 8 million US dollars.

Token contract: 0xCAAE2A2F939F51d97CdFa9A86e79e3F085b799f3;

Token price: 0.0011 USD (tentative);

Token market value: $1.2 million.

TUT Token K-line

A list of Solana ecosystem’s “testcoin” projects

After BNB Chains test coin attracted market attention, Solanas ecological-related tokens, the home of Meme coins, also saw changes. Specifically, the representative projects mainly include the following tokens:

GRIFFAIN: AI Agent Concept Test Coin

As a representative project among AI Agent tokens, GRIFFAIN has also attracted market attention due to its “test coin” concept. Previously, the market value of the token exceeded US$650 million, but has now fallen sharply.

Token contract: KENJSUYLASHUMfHyy5o4Hp2FdNqZg1AsUPhfH2kYvEP

Token price: $0.144 (tentative);

Token market cap: $144 million.

GRIFFAIN Token K-line

WOMP: A test coin created by Jupiter official engineers

After TST, Jupiter, the core infrastructure of Solana ecosystem, also participated in the test coin storm. An X platform user dug out the wallet address of a Jupiter official engineer named nicholas, who released relevant information in response to the PPP model call of Jupiter co-founder Meow in June 2024. Previously, he co-created a token called WOMP with the founder of Solana.FM , but soon conducted a Dev Sell. The market value of the token was close to 17 million US dollars recently, but has now fallen sharply.

What’s extremely funny is that Nicholas’ wallet address later bought hundreds of dollars of WOMP, but ended up leaving the market with a loss of $120.

Token contract: AATo232QyveLNTcUbxbv4LMLxaQe133a1jx3RjiGpump;

Token price: 0.0017 USD (tentative);

Token market value: $1.7 million.

WOMP token K-line

Summary: The concept of test coins is not new, market attention is the key

At present, with CZ’s comments on the listing of TST tokens on Binance and his post stating that “I will no longer operate CEX”, it is not difficult to see that this wave of test coin craze is just a short-term emotional hotspot surrounding celebrities in the industry, so other related test coins will find it difficult to avoid the same “one-wave” fate as TST.

With the emergence of Trump’s official Meme coin TRUMP, perhaps only celebrities who are the focus of market attention can barely attract a certain amount of liquidity in the entire market.

What will the answer be in next weeks version? President Coin? Hacker Coin? Or Founder Coin? No one knows, but there will always be people who will invest in it and gain their own wealth or losses.

Screenshot of CZ’s tweet

This article is sourced from the internet: How long can the “test coin” concept led by CZ remain strong?

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