An unexpected development occurred in the altcoin called TST, which was launched in the first months of 2025 and caused havoc.
The Test (TST) token, which Binance founder Changpeng Zhao (CZ) promoted and said was for testing purposes only and is also listed on Binance, experienced a sharp drop on Binance this morning.
TST price dropped from $0.045 to $0.0159 in about 15 minutes.
This represents a drop of over 60%.
Having seen a small recovery after the sharp decline, TST continues to trade at $0.026 at the time of writing.
TST and CZ Explanations!
The TST token brought criticism with its launch.
The listing of TST on Binance in a short time and the claims that it was CZ’s own token increased speculation in the market.
Speaking about speculations that he was involved in the token’s launch, CZ maintained that TST was never sponsored by him or Binance.
While CZ said TST was initially created for a video tutorial and has no official support, his attempts to clarify the situation have further fueled interest in the token.
Sudden Drops Have Happened Before!
On Binance, the world’s largest cryptocurrency exchange, some altcoins, especially ACT, experienced sudden and sharp declines exceeding 50%.
At this point, altcoins such as ACT, TST, MASK, LEVER, TUT, DF, and AIXBT have experienced sharp declines in the previous months.
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*This is not investment advice.