Reported about 6 hours ago
The BNB Chain Test Token, intended for a tutorial, skyrocketed to a $35 million market cap before plummeting to around $15 million. Despite its temporary success, Binance co-founder Changpeng Zhao clarified it was not an official project. The surge comes as meme coins face increasing legal scrutiny in the U.S., highlighted by a class-action lawsuit against the Pump.fun platform for allegedly selling unregistered securities and concerns raised about Donald Trump's launch of a meme coin.
Source: YAHOO