#BNBChainMeme Memecoin Madness Returns as Barstool Sports, $BNB Chain, and an Entire African Country Dabble With Meme Tokens

/Memecoin Madness Returns as Barstool Sports, BNB Chain, and and en.

Memecoin Madness Returns as Barstool Sports, $BNB Chain, and an Entire African Country Dabble With Meme Tokens

Feb 10, 202512:44 GMT+5

BTCUSD+0.97% BNBUSD−2.03%

$BTC   BTCUSD 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.

BNB Chain-based TST token, issued as a memecoin by the blockchain’s community following a tutorial video on how to issue tokens, zoomed to a $300 million market capitalization as Binance founder Changpeng Zhao referred to the token in several X posts — with it even gaining a coveted Binance listing on Sunday.

Zhao, who stepped from a formal role at the company last year, said Sunday that he wasn’t for or against memecoins, and the category’s “fun” element makes it appealing for short-term traders.

“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.”

Barstool’s Portnoy Buys “JAILSTOOL”

David Portnoy, the influential founder of Barstool Sports, jumped into the memecoin fray on Friday with a coin called "Montoya por favor," inspired by a contestant from the Spanish reality show La Isla De Las Tentaciones.

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.

He has now set his sights on a Josh Allen MVP coin with a playful warning, "Buy at your own risk. I just bought it. I’m gonna sell it. Don’t buy what ya can’t lose