Bitcoin (BTC) and crypto markets are still recovering from last week’s bloodbath, but it appears that the memecoin fever is alive and well as three big tokens were issued over the weekend.
BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to a $300 million market capitalization as Binance founder Changpeng Zhao referred to the token in several X posts — with it even gaining a coveted Binance listing on Sunday.
Zhao, who stepped from a formal role at the company last year, said Sunday that he wasn’t for or against memecoins, and the category’s “fun” element makes it appealing for short-term traders.
“Things with clear tangible value are harder to speculate on. They stay around the clear value,” Zhao said. “This is indeed a challenge for RWA. Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty…
