TST Crashes ~30% Amid Manipulation Concerns

Background: The TST (Test Token) wasn't intended for public trading—instead, it was created as part of a Binance tutorial. However, a brief mention in a tutorial video sparked a speculative surge, culminating in extreme market activity.

Price Volatility: After a meteoric rise in market capitalization—estimates ranging from $35 million to nearly $500 million—the token collapsed rapidly, experiencing declines of around 60–70%.

Manipulation Risks: Binance’s former CEO, Changpeng Zhao (CZ), highlighted flaws in Binance’s token listing mechanics—specifically the four-hour announcement-to-listing window, which creates opportunities for manipulation on decentralized exchanges ahead of the centralized exchange launch.

Summary: TST’s wild swing reflects broader concerns over exchange listing protocols and the resulting market manipulation risks—especially when educational or unofficial tokens garner unexpected hype.