TST, VINE, and BROCCOLI see extreme volatility on BNB Chain
By: bitcoin ethereum news|2025/05/07 03:45:01
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TST fails to break $0.070 resistance, support at $0.0648. VINE eyes $0.0324 support amid potential death cross. BROCCOLI’s fate unclear after CTO post sparks selloff. Three meme tokens—Test Token (TST), Vine (VINE), and Broccoli 714 (BROCCOLI)—have emerged as high-volatility plays this week on BNB Chain, generating a combined $139 million in 24-hour trading volume. TST, a former tutorial token, has shocked markets by gaining serious traction. VINE is flashing signs of instability with trading volumes exceeding its market cap, and BROCCOLI has dropped sharply on rumours of a sudden shutdown. This sudden market shift follows a 21.14% weekly drop in BNB Chain’s overall decentralised exchange activity, even as it remains the third-largest chain by weekly volume. The surge in meme coin activity may be filling that gap, drawing speculative capital from other ecosystems. These moves reflect a broader trend where social sentiment, token mechanics, and liquidity dynamics have more immediate impact on price than fundamentals, particularly in meme coin markets. TST gains momentum Test Token (TST), originally launched on the four.meme platform as a demonstration project has unexpectedly gained momentum. Its daily volume rose by nearly 65%, reaching $50.75 million, despite a broader downturn in BNB Chain DEX activity. The network still ranks third by seven-day DEX volume, behind Solana and Ethereum, with $6.2 billion. TST has a circulating supply of 900 million tokens, capped at 1 billion, with a fully diluted valuation of $64.5 million. The token recently tested resistance at $0.070. Analysts are watching key support at $0.0648. A breakdown may lead to $0.060. If bulls regain strength and break past $0.072, the next resistance lies at $0.0865. Source: CoinMarketCap VINE under pressure Vine (VINE), launched in January 2025, has dropped 7% in the past day. Its $43.86 million trading volume now exceeds its $35.25 million market cap, pushing the volume-to-market cap ratio to 125.72%. This suggests speculative churn and a fragile price base. VINE’s total supply is 1 billion tokens, with a fully diluted valuation of $35.25 million. Technical charts show a potential death cross forming, which could send the token to support at $0.0324. Source: CoinMarketCap A breakdown from there might lead to $0.0287 or $0.0262. If the trend reverses, resistance levels to watch include $0.0389, $0.0424, and $0.0482. BROCCOLI crashes BROCCOLI 714 has plunged over 10% following a social media post from an account claiming to be its CTO, alleging that the project will be discontinued. No official statement has followed, fuelling speculation that the post may be unauthorised. BROCCOLI launched in February 2025 with a maximum supply of 1 billion tokens and a fully diluted valuation of $27.36 million. The lack of clarity has driven selling pressure, pushing the token toward its $0.025 support. Source: CoinMarketCap If this level fails, the next target is $0.022. If the project team clarifies the situation, recovery toward $0.0292, then $0.032 and $0.034, remains possible. Volatility reflects shifting sentiment The divergence across TST, VINE, and BROCCOLI shows how sentiment, not fundamentals, continues to drive meme coin action. Despite an overall decline in DEX traffic, traders are zeroing in on speculative coins for quick moves. TST’s unlikely rise, VINE’s imbalance, and BROCCOLI’s panic selling all signal the unpredictability of this corner of the market. As traders monitor key technical levels, meme coins on BNB Chain remain volatile assets driven by social sentiment, sudden announcements, and liquidity spikes. With over $139 million moving across just three coins, investors are likely to stay tuned to every shift in these token narratives. Source: https://coinjournal.net/news/meme-coin-chaos-tst-vine-and-broccoli-see-extreme-volatility-on-bnb-chain/
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