On Might 30, 2025, TST token misplaced over 40% of its worth after an nameless whale bought between $6 million and $7 million price of the asset. The token’s market cap dropped from $55 million to almost $35 million, inflicting panic throughout the neighborhood.
Based on Coinglass, buying and selling quantity surged by greater than 800% in 24 hours. A lot of the exercise passed off on Binance’s spot and futures markets. This quantity spike confirmed that the whale offloaded a big place utilizing Binance companies.
The whale held greater than 10% of the entire TST market cap earlier than the dump. This degree of management sparked questions on how such focus went unnoticed.
After the price crash, social media customers started pointing fingers at Binance and its founder, Changpeng Zhao (CZ). No proof hyperlinks both to the pockets concerned within the transaction. Nonetheless, customers circulated claims about insider dumping.
One remark acknowledged,
“Binance and CZ keep dumping on their users along with market maker Wintermute. A few months back, Wintermute dumped ACT by 70% in just a few moments. Now, TST, another scam shilled by CZ, went down almost 50%. Binance has been milking their users since they gave $4 billion to the SEC last year.”
TST token merchants in contrast this crash to earlier incidents involving ACT token. In each instances, customers blamed massive market makers or crypto platforms. Nevertheless, no confirmed hyperlinks exist between Binance and the TST whale pockets.
To date, neither Binance nor CZ has made a public assertion in regards to the TST token dump. The neighborhood continues to demand transparency from main stakeholders.
The TST token neighborhood responded with questions in regards to the pockets’s supply of funds. If the token had a $55 million market cap, one pockets controlling over $6 million raised issues about early entry or preferential distribution.
The crash adopted a sample seen with different meme cash. In earlier instances like ACT token, customers blamed platforms comparable to Binance or market makers like Wintermute. Within the case of TST, customers once more pointed to CZ Binance with none proof.
Neighborhood members proceed to share pockets addresses and attainable clues, hoping for clearer solutions. Nevertheless, no official investigation has confirmed the whale’s identification.
Till additional on-chain analysis turns into obtainable, the reason for the TST token crash stays unclear. Accusations towards CZ Binance and Binance nonetheless flow into with out verification.