The post Test Token (TST) Down 60% – Best Meme Coins to Buy Instead appeared first on Coinpedia Fintech News
One meme coin facing high volatility this week is Test Token (TST), which tumbled nearly 60% from its all-time high of $0.5 on 9 February.
Early hype around TST after its recent Binance listing had sent the token to see massive gains.
However, the excitement was short-lived after former Binance CEO Changpang Zhao’s disassociation with the token. This is why many investors are now turning to other utility-focused meme coins with high long-term potential.
TST Plunges 60% After Exponential Gains
Binance announced the listing of Cheems (1000CHEEMS) and TST on February 9. Both tokens were flagged under Binance’s “seed tag,” warning of higher-than-normal risks. This announcement created enough hype to see exponential growth toward $0.5, reaching a market cap of around $500 million.
However, Binance co-founder and former CEO Changpeng Zhao (CZ) quickly clarified that the listing was never an endorsement of TST.
TST got listed on Binance. A few thoughts:
1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
I posted to clarify that TST was NOT endorsed by me/us. It was just a test token used in a video tutorial. But every clarification post just made it more viral…
— CZ
BNB (@cz_binance) February 9, 2025
CZ clarified that TST was essentially just a “test token” created to demonstrate the BNB Chain’s meme launchpad, not a serious project endorsed by him or Binance.
TST now hovered around $0.16, with a market cap of around $156 million. While a rebound from the immediate support level isn’t entirely off the table, TST’s recovery remains uncertain due to its lack of utility.
In the bigger picture, the new administration’s recent announcement of 25% tariffs on aluminum and steel has created more uncertainty around risk assets.
Despite these headwinds, the crypto market has shown resilience.
Over the past week, Bitcoin spot ETFs recorded a net inflow of nearly $204 million, while Ethereum’s spot ETF reached $420 million.
It’s worth noting that the meme coin market dropped 30% over the past week. This creates an opportunity to buy meme coins while the market still picks up.
Given TST’s recent decline and uncertainty, “smart money” is looking for meme coins that offer upside potential and practical utility. Investors are turning to these 3 high-potential meme coins.
Solaxy
First on the list is Solaxy ($SOLX), which many analysts believe could greatly benefit from an upcoming Solana bull run. The U.S. Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s bid for a Solana ETF.
Why does this matter for Solaxy? Because Solaxy is the first-ever Layer-2 solution on the Solana network, meaning it aims to address the scalability challenges that have sometimes slowed Solana’s main chain.
Solaxy can help reduce congestion and lower transaction fees by processing transactions off the main layer.
The SOLX presale has attracted over $19 million, and the token’s price currently sits at $0.00163.
You can also stake your SOLX tokens for a staking APY of up to 200%.
Solaxy uses a multi-chain approach that combines the capabilities of Ethereum with Solana, offering more flexibility for its token holders.
If the Solana ETF is approved, demand for SOL will likely skyrocket. A surge in network usage could stress Solana’s Layer-1 chain, making a Layer-2 scaling solution like Solaxy even more essential.
MIND of Pepe
Another meme coin on investors’ radar is MIND of Pepe ($MIND). It’s a self-evolving, autonomous AI agent coin redefining how retail traders get the latest market insights. The goal is to cut through the noise of social media hype and speculation to identify high-potential trades.
MIND of Pepe is an AI-powered agent that offers real-time analysis from blockchains and social platforms like X. It interacts with influencers and crypto communities to give exclusive insights to the MIND token holders.
You can receive alerts about upcoming presales, hidden gems on a decentralized exchange, or even early-stage NFT projects. As a MIND token holder, you get exclusive access to these insights before everyone else.
The MIND token presale has already raised $5.5 million thus far.
Buyers can also stake their MIND tokens for a staking APY of up to 400%.
The current presale price is $0.0032924 per token, but it will soon increase when the presale enters its next round.
Shiba Inu
Shiba Inu is the second-largest meme coin by market cap and has matured well beyond its funny status. Today, It has a growing ecosystem because of its technology rollouts like Shibarium, which is an Ethereum Layer-2 solution specifically designed for the Shiba Inu ecosystem.
Shibarium sets the stage for new dApps and DeFi platforms that rely on the Shiba Inu network by allowing faster transactions and reducing fees. More activity on Shibarium could mean demand for SHIB, potentially driving the token’s price higher.
Although SHIB is trading nearly 81% below its ATH of $0.00008616, it still has plenty of room to grow.
Shiba Inu’s “SHIB Army” has shown its support through multiple market cycles, an advantage many meme coins lack.
If 2025 sees another altcoin boom and Shibarium continues to expand, Shiba Inu could reclaim and surpass its old highs.
