Binance lists CHEEMS and TST, instant token price rises 200%

Binance announced the listing of two new tokens, Cheems (1000CHEEMS) and Test (TST), on the Spot platform on February 9, 2025. Both tokens will be tagged with the Seed Tag, which marks them as risky and highly volatile assets.

On schedule, Binance will open four new trading pairs, including 1000CHEEMS/USDT, 1000CHEEMS/USDC, TST/USDT and TST/USDC. Users can deposit 1000CHEEMS and TST before the trade opens one hour, while the withdrawal feature will be activated on February 10, 2025.

Shortly after Binance announced its Test (TST) listing on February 9, 2025, the token's price jumped 200% immediately, hitting $0.4095. Previously, TST was created on February 6, 2025, and in just 3 days, the token price has risen more than 400 times from the bottom. Currently, TST's trading volume is up to $177 million, indicating strong interest from the community.

Test (TST) was originally just a test token, created by the BNB Chain team to illustrate how to create meme coins on the Four.Meme platform in a video tutorial.

The token is not intended for public trading, but after Changpeng Zhao (CZ), founder and former CEO of Binance, accidentally mentioned TST in a posts on X (Twitter), this token has quickly attracted a lot of attention from the crypto community.

Shortly after CZ's post, TST's price skyrocketed, reaching a market capitalization of more than $52 million in a matter of hours and then plummeting.

On February 8, TST was unexpectedly listed on Binance Alpha, where the price of the token rose sharply, peaking at $0.08 with a market capitalization of $80 million. Notably, there was a trader who turned $35,000 into $657,000 by buying TST just minutes before CZ posted, reaping a 1.885% profit.

In the 24 hours following the launch of the token, TST continued to grow and reached a capitalization of more than $100 million on February 8.

In the comments section of the announcement of the token listing on Binance, many users expressed concern about Binance's continued listing of the memento coins, arguing that the exchange is having too many problems in the listing process despite the words Explanation from the team.

Some have even questioned the connection between the Binance team and the TST token, which was originally a test token but quickly appeared on Binance Alpha and was later listed on Spot.