The recent situation with the TST token, developed for educational purposes, has drawn significant attention from traders and sparked market speculation.
Developer's Sale of TST Tokens
About 12 hours ago, the developer address of the TST token sold all its holdings, totaling approximately $30,400, and now has zero TST. This sale generated interest in the token, which was originally created solely for an educational video.
Binance Founder CZ’s Statements
Binance founder CZ clarified two important points on platform X: traders flooded in, driving the token’s market capitalization to around $495,000 after a single video frame inadvertently revealed its name. The video was temporarily taken down, and the creator address’s private key was erased.
Risks and Consequences of Trading Demo Tokens
Demo tokens are props, not products, and can lead to loss of funds. In the case of TST, traders faced risks due to the lack of transparency. Pay attention to the contracts and verify which wallets received allocations. The dangers of trading such tokens can serve as a lesson for investors.
The situation with the TST token highlights the importance of thoroughly verifying cryptocurrency assets before investing, especially when dealing with projects created for educational purposes.
