News
  • Nidhi Kolhapur
    author-profile
    Nidhi Kolhapur right arrow
    Author

    Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

    • author facebook
    • author twitter
    • linkedin
  • Reviewed by: Zafar Naik
    author profile
    Zafar Naik right arrow
    Reviewed

    Zafar is a seasoned crypto and blockchain news writer with four years of experience. Known for accuracy, in-depth analysis, and a clear, engaging style, Zafar actively participates in blockchain communities. Beyond writing, Zafar enjoys trading and exploring the latest trends in the crypto market.

    • 2 minutes read

    TST Token Developer Dumps $30K, Sparks Community Outrageย 

    Story Highlights
    • TST token developer sells $30,400 worth of tokens, exiting completely

    • Community questions sale amid claims the creatorโ€™s private key was deleted

    • Token remains highly volatile despite strong trading volumesย 

    The TST token, originally created by the BNB Chain team as nothing more than a tutorial example, is back in the spotlight for all the wrong reasons. 

    What began as a harmless memecoin demo has turned into one of the most volatile stories in crypto this year.

    Developer Dumps Entire Holdings 

    In a shocker for the crypto community, a TST developer sold over $30,400 worth of TST tokens in four transactions, fully exiting their holdings. This has sparked questions among traders, who are now demanding clarity over how these tokens were sold or traded, since the creatorโ€™s private key was supposed to have been deleted.

    TST was never intended for trading. It was part of a step-by-step guide showing how to create a memecoin. When its name briefly appeared in a tutorial video, it caught the marketโ€™s attention and sparked a buying frenzy.

    By early February, the tokenโ€™s price shot up to $0.52, pushing its market cap past $200 million. Today, it has dropped sharply to around $25 million.

    Even Binanceโ€™s founder, CZ, had tweeted about it to explain its origin, which only made more people interested. Later on, CZ clarified that TST is just a test token from a BNB Chain tutorial, and the video and the creatorโ€™s private key were then deleted.

    Flash Crash Wipes Out $4.47M in Liquidations

    Just days before, the TST token crashed 68% in just 15 minutes from $0.04960-$0.01547, before it stabilised around $0.027. The crash caused $4.47 million in forced sell-offs, mostly from long traders. A huge $102 million trade triggered this crash. 

    The market cap plummeted from $44.7 million to $23.4 million, and TSTโ€™s open interest dropped over 35% across all exchanges on the day before the crash, with Binance seeing a 40%+ decline.

    Rumors of Binance backing the token were also false, adding to the confusion.

    Trading Volumes Rise but Price Still Weak

    The price has bounced back since, but it still looks weak. TST is currently trading at $0.02612, up 1.93% in the last 24 hours. Its 24-hour volume has surged 32% to over $28 million.  

    Despite high trading volume, the tokenโ€™s price remains very volatile, with repeated spikes and crashes since its launch. The decline also reflects a general slowdown in the Four.Meme ecosystem, marked by fewer daily fees, new tokens, and active users, signaling weakening interest overall.

    A Lesson in Crypto Volatility 

    Even with a Binance listing, TSTโ€™s dramatic price moves show that market sentiments are driving the action. Does TST have a future in the crypto world? Thatโ€™s something time will tell.ย 

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    What is the origin of the TST token?

    The TST token was created by the BNB Chain team as an example for a tutorial video on how to create a memecoin. It was never meant to be traded.

    What caused the TST tokenโ€™s flash crash?

    The token crashed 68% in 15 minutes, triggering $4.47 million in liquidations. This was reportedly caused by a single large trade of $102 million.

    Is TST still actively traded?

    Yes, TST sees high trading volume, but its price remains highly volatile with repeated spikes and crashes.

    Show More

    Related Articles

    Back to top button