Unexpected Plunge Rocks TST Coin on Binance

Key Points

1. TST's price plummeted from $0.04960 to $0.01547 within 15 minutes, a 68% depreciation, before stabilizing at $0.02498, marking a 38.03% daily loss.

2. The sharp decline was accompanied by a surge in trading volume and a long red candlestick on trading charts.

3. Open positions in TST futures trades decreased by 35% in 24 hours, with Binance seeing a reduction exceeding 40%.

4. Short-term moving averages suggest persistent selling pressure, with investors eyeing the $0.020-$0.025 range.

5. The event was confirmed by a Chinese blockchain journalist through shared screenshots, highlighting rising liquidity and potential continued volatility.