Pseudonymous crypto trader XX, who made a profit of over $10 million on TRUMP, has made returns of over $3 million from the BNB Chain meme coin, Test (TST).
Popular blockchain sleuth EmberCN brought the crypto community’s attention to the development yesterday. In an X post, EmberCN highlighted XX’s impressive success in trading meme coins, such as TRUMP and TST.
According to the blockchain sleuth, XX raked in a profit of $10 million from trading the TRUMP meme coin last month. Less than a month after this flourishing trade, XX has secured a $3.18 million profit from BNB Chain meme coin TST.
Transaction Details
Notably, on February 8, 2025, XX spent 5,089 BNB, worth $3.18 million, to acquire 16.25 million TST tokens across two BSC wallets. Data from BSC Scan shows that the trader first withdrew the BNB tokens from Binance to the wallets in a series of transactions.
Each transaction contained up to 500 BNB, currently worth $303,500 at the current price of $607 per token. For each withdrawal, XX swapped the BNB tokens to TST at an average price of $0.1957, bringing their total Test token acquisition to $16.25 million.
While the first wallet, ‘0x065…718e1’, acquired 8.25 million TST, the second address, ‘0x08d…aaa53’, scooped 8 million tokens.
How XX Secures $3.18M Profit on TST Following Binance Listing
Interestingly, XX’s bet on TST paid off 12 hours later after Binance announced it would list the token for spot trading. Following the announcement, the price of TST doubled to $0.40, helping XX to secure a profit of $3.18 million.
Currently, the trader has a zero balance of TST in both addresses, suggesting that they have sold all their holdings.
At the moment, TST is trading at $0.2053, representing an 11.08% surge in the past 24 hours. The token is valued at $194.53 million, with a daily volume of $1.5 billion.
TST Controversy
Meanwhile, crypto enthusiasts have taken to X to criticize Binance following its controversial listing of TST. Last week, Binance founder Changpeng Zhao (CZ) shared an educational video showing developers how to launch meme coins on BSC’s (BNB Smart Chain) decentralized exchange Four.Meme.
In the video, Binance launched TST on the DEX for illustration purposes. This prompted several Chinese crypto stakeholders to promote the token across different communities, driving its market cap to $494,560 on February 6.
A few days later, the world’s largest crypto exchange announced it was listing the token, with its market cap later hitting $490 million yesterday. This resulted in heavy criticism, with many asking CZ whether he is no longer an advocate of tokens with fundamentals.
Addressing this inquiry, CZ argued that neither he nor Binance endorses meme coins. The Binance founder mentioned that he is not part of the exchange’s listing process, which he claims is ‘broken.’
According to him, exchanges usually list popular tokens with good trading volume as early as possible to compete with rivals.
“If traders actively sought your coin, you don’t have to talk to exchanges for listing. As I always say, work on your project, not the exchange,” he added.
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