America, Asia and Africa witnessed various regional memecoin events over the weekend.
BNB Chain's TST token, originally created from a community tutorial, skyrocketed to a $300 million market cap following mentions by Binance founder Changpeng Zhao.
Bitcoin and crypto markets are still recovering from last week's bloodbath, but it appears that the memecoin fever is alive and well as three big tokens were issued over the weekend. “Things with clear tangible value are harder to speculate on. They stay around the clear value,” Zhao said. “This is indeed a challenge for RWA. Memes are fun, etc. It’s a cultural thing. I am not an expert in this area. There are plenty of die-hard defenders of memes. Don’t go against the community.”1. CZ said “fundamentals”, then talks about a test coin turned meme coin.
Portnoy told his 3.5 million X followers that he was "up a billion percent" on his first foray into the meme tokens, helping the coins surge to a market capitalization of $14 million at its peak before plummeting down to a $1 million cap within a few hours. “I may dump it eventually but I’ll let all you righteous losers dump on each other first. So don’t put in more than you can lose,” he quipped.a spot listing on U.S.-based Kraken on Sunday. It trades at 8 cents in Asian afternoon hours on Monday at a $78 million market capitalization.
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