Test Token (TST) Drops 60% – Buy Solaxy ($SOLX), MIND of Pepe ($MIND), or Shiba Inu Instead
One meme coin facing high volatility this week is the Test Token (TST), which is nearly 60% higher than its all-time high on February 9.
After TST’s recent second-hand tournament debuted, early hype has allowed Tokens to see huge gains.
However, the excitement was brief after former Binance CEO Changpang Zhao’s separation from the token. That’s why many investors are now turning to other utility-centric meme coins with high long-term potential.
TST falls 60% after exponential growth
Binance announced the launch of Cheems (1000cheems) and TST on February 9. Both tokens are tagged under Binance’s “seed tag”, warning of higher than normal risks. The announcement generated enough hype to increase the index to $0.5 to reach a market capitalization of $500 million.
But Binance co-founder and former CEO Changpeng Zhao (CZ) quickly clarified that listing has never been acknowledged by TST.
CZ clarified that TST is essentially just a “test token” created to showcase the BNB chain’s Meme Launchpad, not a serious project he or Binance endorsed.
TST is now hovering around $0.16 with a market cap of about $156 million. Although the rebound from the direct support level is not entirely out of the desktop, the recovery of TST is still uncertain due to lack of utility.
From a larger perspective, the new government recently announced a 25% tariff on aluminum and steel creates more uncertainty around risky assets.
Despite these headwinds, the cryptocurrency market has shown resilience.
In the past week, the net inflow of Bitcoin Attraction ETFs has reached nearly $204 million, while Ethereum’s ETFs have reached $420 million.
It is worth noting that the meme coin market has dropped 30% over the past week. This creates an opportunity to buy meme coins while the market is still rising.
Given TST’s recent decline and uncertainty, “Smart Money” is looking for meme coins with upward potential and practicality. Investors are turning to these 3 high potential meme coins.
Solvent
The first one in the list is Solaxy ($SOLX)many analysts believe this could benefit greatly from the upcoming Solana Bull Run. The Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s bid for the Solana ETF.
Why is this important for dissolving? Because Solaxy is the ever-precedented Layer 2 solution on the Solana network, it means it is designed to solve the scalability challenges that sometimes slow down the Solana main chain.
Solaxy can help reduce transaction fees and reduce transaction fees by processing transactions at the main level.
Solx Presale attracted more than $19 million, while the token price is currently $0.00163.
You can also store Solx tokens to achieve up to 200% stacked APY.
Solaxy uses a multi-chain approach that combines Ethereum’s capabilities with Solana, providing greater flexibility for its token holders.
If the Solana ETF is approved, demand for SOL may soar. The surge in network usage may emphasize Solana’s Layer-1 chain, making layer 2 scaling solutions like Solaxy even more important.
Pepe’s heart
Another meme coin about investor radar is Pepe’s Thoughts ($MIND). It’s an autonomous, autonomous AI agent coin that redefines how retailers get the latest market insights. The aim is to reduce the noise of social media hype and speculation to identify high-potential transactions.
Pepe’s Mind is an AI-powered agent that provides real-time analytics from social platforms such as blockchain and X. It interacts with influencers and cryptocurrency communities to provide exclusive insights to Mind Token holders.
You can receive alerts about upcoming pre-sales, hidden gems in decentralized exchanges, and even early NFT projects. As a wisdom holder, you can get exclusive access to these insights in front of everyone else.
Mind Token Presale has raised $5.5 million so far.
Buyers can also store their thought tokens in up to 400% of their shares.
The current pre-sale price is $0.0032924 per token, but it will soon increase when the pre-sale enters the next round.
Shiba Inu
Shiba Inu is the second largest meme coin in market capitalization and has exceeded its interesting position. Today, it has a growing ecosystem because of its technology promotion (such as Shibarium), an Ethereum 2-layer solution designed specifically for the Shiba INU ecosystem.
Shibarium sets the stage by allowing faster transactions and lower fees to rely on the Shiba INU network’s new DAPP and DEFI platform. More activities in Shiaban may mean demand for wet discs, potentially making the tokens more expensive.
Although Shib trades below its ATH $0.00008616, it still has plenty of room to grow.
Shiba Inu’s “Shib Army” has shown support through multiple market cycles, an advantage that many meme coins lack.
If another Altcoin Boom and Shibarium continue to expand in 2025, Shiba Inu may retract and surpass its old highs.
