Shocking Twist: BNB Chain Team Dumped TST Token—Contradicting CZ’s Earlier Statements

Just when you thought crypto couldn't get more dramatic—BNB Chain insiders allegedly offloaded TST tokens despite Changpeng Zhao's prior assurances. Talk about 'decentralized' decision-making.

Behind the curtain: While retail investors HODL, the big players seem to play by different rules. A tale as old as Bitcoin's whitepaper.

The irony? This drops during a bull run where 'transparency' is every project's favorite buzzword. Maybe add 'selective' as a prefix.

Closing thought: In crypto, trust is the rarest token of all—and it's definitely not minted on-chain.

Community Doubts CZ’s Statement About TST Token

The TST (Test Token) on BNB Chain was originally just a test token in the BNB Chain team’s tutorial video on the four.meme platform. However, the community discovered it and pumped its price sharply.

In February 2025, CZ posted on X to explain the situation. He said a single frame in the tutorial video accidentally revealed the name “TST,” which led the Chinese community to start trading it.

This pushed its market cap at the time to $494,560. At its peak, the token’s market cap exceeded $50 million.

A tricky situation. A BNB Chain team member just told me this:

"We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.
When we posted the education video yesterday,… https://t.co/lD77CaQDCj

He emphasized that the team had deleted the private key and that no one in the team or Binance held any TST tokens. He also stressed that TST was not an official token and was only for demonstration purposes.

However, Collin Wu, a popular crypto media figure, recently reported that this address sold over $30,400 worth of tokens in four transactions. This contradicts CZ’s statement and raises doubts about transparency.

Currently, CZ — the former Binance CEO — has not responded on his X account to the wallet’s actions. However, comments appear to be targeting him directly.

“Someone lied about the private key here,” one investor commented on X.

TST Fell 100% From Its February High

Previously, BeInCrypto reported that TST had dropped 68%, hitting a new all-time low of $0.01547.

Although the price is now trading around $0.02, BeInCrypto data shows that since launch, TST’s entire price history has been a prolonged downward trend.

At the end of May, TST also experienced a severe drop. It fell by more than 40% almost instantly after an anonymous whale sold $6–7 million worth of tokens. This shows that large holders heavily influence TST’s volatility.

CoinMarketCap data shows TST’s daily trading volume is only about $25.7 million, with more than 26% of that coming from Binance.

This reflects low demand for TST. Combined with the fact that it is just a utility-free meme token and now its developer has exited, the token’s future looks bleak.