According to the latest reports, TST's development address — a meme token on BNB Chain — has sold over 30,400 tokens, completely exiting its TST position. This is particularly notable as Binance founder CZ previously stated that TST was just a test token used in BNB Chain's tutorial video and the team had removed the private key for the token creator's address.
Community Doubts CZ's Statement About TST Token
TST (Test Token) on BNB Chain was initially just a test token in the BNB Chain team's tutorial video on the four.meme platform. However, the community discovered it and pushed the price up.
In February 2025, CZ posted on X to explain the situation. He mentioned that a single frame in the tutorial video accidentally revealed the name "TST," causing the Chinese community to start trading it.
This pushed the token's market capitalization to $494,560 at that time. At its peak, the market capitalization of this token exceeded $50 million.
He emphasized that the team had deleted the private key and that no one in the team or Binance holds any TST tokens. He also stressed that TST is not an official token and is only used for demo purposes.
However, Collin Wu, a prominent cryptocurrency media figure, recently reported that this address sold over $30,400 worth of tokens in four transactions. This contradicts CZ's statement and raises doubts about transparency.
Currently, CZ - the former CEO of Binance - has not responded on his X account regarding the wallet's actions. However, comments seem to be directly targeting him.
"Someone lied about the private key here," an investor commented on X.
TST Drops 100% From February's All-Time High
Previously, TST had dropped 68%, hitting an all-time low of $0.01547. Although the price is currently trading around $0.02, BeInCrypto data shows that since its launch, TST's entire price history has shown a prolonged downward trend.
At the end of May, TST also experienced a sharp decline. The price dropped over 40% almost immediately after an anonymous whale sold off tokens worth $6–7 million. This indicates that large holders significantly impact TST's volatility.
CoinMarketCap data shows that TST's daily trading volume is around $25.7 million, with over 26% coming from Binance.
This reflects low demand for TST. Coupled with the fact that it is just a meme token with no utility and now the developer has left, the future of this token looks grim.