Transactions originating from the TST developer wallet have sold tokens worth approximately $30,400. This action directly contradicts public assurances made by Binance CEO Changpeng Zhao (CZ), who previously stated that the private key controlling the creator address had been deleted.
The token transaction undermines claims of TST being exclusively a low-impact test token created for tutorial videos. Meanwhile, TST trading activity reflects low market demand, with a standing 30-day volume around $25.7 million. Over 26% of this volume originates solely on the Binance exchange.
Significant price volatility has plagued TST, including a complete eradication of value from its peak price in February and plunging to an all-time low of $0.01547. The token’s price is demonstrably vulnerable to actions by large holders; a recent sale of between $6-7 million tokens by an anonymous whale triggered a sharp 40% price collapse. These events emphasize the pronounced influence major investors exert over TST’s market stability and raise questions regarding transparency.