Despite the turmoil in the market, the successful new meme coins continue to attract attention by bringing huge returns during the release period. Such a coin is Test ($TST), a meme coin on Binance Smart Chain that caused a big buzz after speculating on a potential connection with former Binance CEO Changpeng Zhao (CZ).
TST’s traction is largely derived from the now-deleted video tutorial, which uses Four.meme (deployment on the first Meme Coin Launchpad on the Meme Coin launchpad). Tokens were also quickly listed as binary, increasing the rise of tokens. However, CZ has since clarified that the use of coins in video tutorials does not represent itself or binance’s recognition of the project.
The initial excitement brought TST to an impressive height, but the coin hype has since been reduced. The price of TST fell from its peak of $0.52 to around $0.19 in a few hours, but it is worth mentioning that the price of the token was almost zero when it was created on February 6.
Let’s break the price action of TST and consider its chances of rebounding.
Can test tokens maintain their price momentum?
Although TST has grown exponentially with the growth of Binance and CZ speculation, tokens have dropped dramatically over the past day.
At the time of writing, TST struggles to fall below its key resistance level of $0.20, with potential support of around $0.0955.
Although TST has dropped by more than 60% from its recent all-time high (ATH), some traders are still optimistic about its recent trajectory.
Tyrex, a popular cryptocurrency trader on X, said he hopes TST is buying more when he retests its ATH.
I expect the price to be retested at 0.48
I’m not selling now pic.twitter.com/yuddt7gehd
– TryRex (@tryrexcrypto) February 9, 2025
For now, the minimum rate record of TST makes its next move particularly difficult to predict, especially considering how volatile meme coins are when they enter the price discovery phase.
Furthermore, the utility of TST is not yet known. Like many tokens in this niche, their prices may drop further without clear real-world use cases.
The future of TST depends mainly on further project updates, widespread sentiment towards meme coins and the growing popularity of the BNB ecosystem. BNB chains are becoming increasingly popular due to the platform’s low transaction fees and the launch of Four.meme Crypto Launchpad, becoming the place to launch meme tokens. Despite the controversy surrounding its success, TST’s rapid acceleration shows that meme coins can gain traction on the network.
If TST builds and maintains a strong community of supporters, you can maintain a longer relationship. Otherwise, its price can be extensively tracked by BNB prices, or just remain unstable. Meanwhile, the new 2-tier solution on Solana blockchain, another top destination for Meme Coin Builders, is reaching new milestones despite the broader market instability.
Can Solaxy perform better than the test?
Unlike TST, Solaxy ($SOLX) It is a utility-centric project. This is Solana’s first layer solution, aiming to batch and process transactions away from the main Solana blockchain.
Solaxy’s aim is to address major issues encountered by Solana, including network slowdowns and transaction failures during peak usage hours. It will ensure that Solana’s mainnet can remain fast and stable even when trading volume peaks.
The Solx Utility token will be an important part of the Solaxy network architecture as it will be used to pay transactions, distribute governance tickets, and secure the network through stacking mechanisms.
This vision resonated with investors and led to a lot of early support. The Solx token pre-sale has now raised $19.2 million in less than two months.
https://www.youtube.com/watch?v=em1upeq0ubi
Early investors can also store their SOLX tokens in exchange for up to 212% of their shares. Buyers with high belief in the long-term potential of the project have locked in over 5.4 billion Solx tokens.
Using SOLX’s multi-chain capabilities, Solaxy will be able to create a bridge connecting Solana and Ethereum and combine Solana’s high throughput with Ethereum’s deep Defi liquidity. This means Solaxy will unlock new possibilities for developers in multiple Web3 verticals from DEFI to NFT and gaming.
Solx is currently priced at $0.00163 and is expected to be listed on the exchange in the second or third quarter of 2025. However, the strong momentum of Presale shows that Solaxy can be launched soon.
Visit Solaxy Presale
