Less than a week ago, Test ($TST) was listed on Binance and it went on to make astounding gains.
Binance founder and ex-CEO Changpeng ‘CZ’ Zhao has distanced himself from Test ($TST) after it was listed on the exchange.
The coin was a test coin created based on a BNB Chain tutorial, and has no purpose or utility. But the buzz around it grew, leading $TST’s value to rise by 688% over the past week and reach a $200M market cap.
In other news, that landfill reported to hold a $768M Bitcoin hard drive could shut its doors this year. Coincidence or not, this shows just how important crypto custody is, when you could lose entire fortunes from simple mistakes.
One crypto presale that can solve that is Best Wallet Token, which builds an ecosystem for one of the best crypto wallets, Best Wallet.
With much better utility than a mere Test coin, $BEST is set to take the market by storm as the only crypto wallet to offer direct access to presales.
Let’s dig deeper into these news below.
Valueless Coin Explodes & Bitcoin Fortune Still Missing
Test’s development fanned speculations that CZ has gotten into meme coins and is shifting away from fundamentals. He denied this and reiterated his stance in a statement on X (formerly Twitter) – ‘No. I am a builder. I always focus on fundamentals.’
He also revealed he hasn’t bought a single meme coin so far, though he isn’t against meme coins. ‘I am not into sports cars; I don’t collect art; I haven’t bought any NFTs; I also haven’t bought most altcoins (I hold BTC and BNB). But I am not against any of the above.’
The former Binance executive said he understands why the market prefers meme coins over utility coins. For one, utility coins get more scrutiny from the government, which considers them securities.
Utility coins are also harder to speculate on, leading to less volatility that speculators love. Then there’s the element of fun. ‘It’s a cultural thing. There are plenty of die-hard defenders of memes. Don’t go against the community.’
However, the surprising rise of random valueless coins like $TST could spell good news for coins that have purpose or utility. Meme coins like Solaxy and Best Wallet Token that offer real-world utility could easily double or quadruple their price if these projects fulfill their goals.
These coins are also in the unique position of being both meme coins and utility coins. This means that speculators will keep on actively trading them as long they generate a lot of buzz.
On the other hand, investors seeking stability will also find them attractive since they serve a purpose and are more stable than the average meme coin.
Finding the $BEST Way to Keep Your Bitcoins Away From the Landfill
A city council in the UK has recently ruled that while it has over 99 problems, a $768M Bitcoin wallet isn’t one of them. This comes after the council of Newport, Wales, announced its plans to close one of its landfills in the 2025-2026 financial year.
The Docks Way landfill has been at the center of a legal battle between local resident James Howells and the city council.
He reportedly lost his hard drive containing 8K Bitcoins (currently worth around $768M) there after his partner mistakenly threw it in the trash can in 2013.
He went to court to get permission to find the drive in the landfill. But the judge eventually dismissed the case.
The incident once again highlighted the advantage of keeping cryptocurrencies in non-custodial wallets like Best Wallet. It’s the only one to offer direct access to crypto presales. This makes it extra attractive to investors looking for the next big meme coins.
Best Wallet Token Presale to Transform the Crypto Presale Space
Currently one of the best and biggest wallets in the market today, Best Wallet is also running a presale of its Best Wallet Token.
This provides investors the opportunity to have their say on the Best Wallet ecosystem. Other perks include lower transaction fees, higher staking rewards, and early access to new crypto projects.
The roadmap shows ample developments coming up next, including an NFT gallery, Best Card, rewards hub, and market intel analytics to help you identify hidden gems for those juicy profits.
Best Wallet is set to capture 40% of the $11B non-custodial wallet market by 2026, and the $BEST presale will be instrumental to that goal.
The presale has raised over $9.5M and has a token price of $0.02395. Traders have also staked over 151M tokens with a 175% APY. So, long-term gains are definitely possible and encouraged by the community.
If you do choose to invest in crypto, please remember to do your own research. The information shared in this article does not constitute financial advice and is for educational purposes only.
