The TST token, originally created by the BNB Chain team as a tutorial example, is back in the spotlight due to recent events surrounding its volatility.
Developer Dumps Holdings
In a shocking turn of events, a TST developer sold over $30,400 worth of tokens in four transactions, fully exiting their holdings. This has raised questions among traders about how these tokens were sold or traded, as it was assumed that the creator’s private key had been deleted.
Flash Crash of the Token
The TST token experienced a rapid decline in price of 68% within just 15 minutes, triggering $4.47 million in liquidations. The price drop occurred after a large trade of $102 million, leading to panic selling among traders.
Uncertain Future of TST
Despite high trading volume, the price of the TST token remains highly volatile and unstable. The future of the token is uncertain, and questions about its ongoing trading status remain open.
The situation with the TST token highlights the instability of the crypto market and depends heavily on participant sentiments. Time will tell the path TST will take in the future.
