Binance Founder CZ Sparks Frenzy Over Test Token TST, Trader Makes 1,900% Gains 💥
Binance's founder CZ unintentionally caused a trading surge around the test token TST after a BNB team's educational video. This led to massive gains of nearly 1,900% for a trader, converting $35,000 into $657,000.
Questions about insider trading arose as the token's market cap hit $500,000. Despite clarification from CZ that the token was for demonstration, the incident highlights the volatility of crypto markets.
The rise of token launchpads like Four.meme on the BNB chain amid growing regulatory scrutiny emphasizes the potential for market manipulation and investor vulnerability.
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