🚨 Binance’s TST Token Crashes 68% in Minutes—Here’s What Happened

Another day, another crypto rollercoaster—Binance-listed TST token just got obliterated in a 68% freefall. Was it a whale dump, a glitch, or just crypto being crypto?

The Flash Crash Breakdown

No warnings, no mercy. TST holders watched their portfolios evaporate faster than a meme coin’s utility. Binance’s order books turned into a ghost town as liquidity vanished.

Deja Vu or Market Manipulation?

Same script, different token. ‘Healthy corrections’ don’t drop 68% in minutes—unless your definition of ‘healthy’ includes cardiac arrest. Meanwhile, leverage traders got rekt with Swiss precision.

The Silver Lining Playbook

For degenerates? A fire sale. For everyone else? Another reminder that crypto exchanges are casinos with API docs. Pro tip: next time, maybe don’t FOMO into tokens with ‘test’ in the name.

Currently, the open interest for TST sits at $25.86 million. Binance holds the majority of it, amounting to 570 million TST—worth nearly $15 million, representing 58% of the total. These statistics indicate a significant retreat from market participants amid the recent price collapse.

While the price has recovered somewhat after the crash, TST continues to trade NEAR $0.02706, down 33% in the past 24 hours, as per CoinMarketCap data. The trading volume TST has surged by staggering 1,200% to $145 million, indicating increased activity as the traders scrambled to sell or buy amidst the volatility.

Background and Rise of TST

Earlier this year in February, the BNB Chain team accidentally disclosed the TST token in an instructional video. Although designed as a test token, its temporary existence drew the attention of traders and Chinese influencers. 

Despite lacking official backing, it quickly gained traction and surged tremendously in price with its market capitalization reaching over $37 million. However, the market cap dropped by 32.8% as of today, standing at approximately $25 million.

Also Read: This Investor Turned $500K into $2.5M with TST Tokens