On May 30, 2025, TST token lost over 40% of its value after an anonymous whale sold between $6 million and $7 million worth of the asset. The token’s market cap dropped from $55 million to nearly $35 million, causing panic across the community.
According to Coinglass, trading volume surged by more than 800% in 24 hours. Most of the activity took place on Binance’s spot and futures markets. This volume spike confirmed that the whale offloaded a large position using Binance services.
The whale held more than 10% of the total TST market cap before the dump. This level of control sparked questions about how such concentration went unnoticed.
Social Media Users Blame Binance and CZ Without Proof
After the price crash, social media users began pointing fingers at Binance and its founder, Changpeng Zhao (CZ). No evidence links either to the wallet involved in the transaction. Still, users circulated claims about insider dumping.
One comment stated,
“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 traders compared this crash to earlier incidents involving ACT token. In both cases, users blamed large market makers or crypto platforms. However, no confirmed links exist between Binance and the TST whale wallet.
So far, neither Binance nor CZ has made a public statement about the TST token dump. The community continues to demand transparency from major stakeholders.
TST Token Community Calls for Answers After Sudden Price Collapse
The TST token community responded with questions about the wallet’s source of funds. If the token had a $55 million market cap, one wallet controlling over $6 million raised concerns about early access or preferential distribution.
The crash followed a pattern seen with other meme coins. In previous cases like ACT token, users blamed platforms such as Binance or market makers like Wintermute. In the case of TST, users again pointed to CZ Binance without any proof.
Community members continue to share wallet addresses and possible clues, hoping for clearer answers. However, no official investigation has confirmed the whale’s identity.
Until further on-chain analysis becomes available, the cause of the TST token crash remains unclear. Accusations against CZ Binance and Binance still circulate without verification.
