$TST Plummets and Runs Away: Who is the Mastermind Behind It??
Today, a fan asked me if TST is a coin worth buying, and I personally do not recommend it.
A brief overview of the process:
In February 2025, TST was hyped by the community as a test token in the BNB Chain tutorial video. CZ explicitly denied any official promotion at that time and stated that the private key had been deleted.
On August 7, 2025, the market maker crashed the price and ran away, causing a 70% drop in just 15 minutes. Twitter discourse immediately pointed to CZ and Binance, with retail investors questioning whether it was a scam.
On August 11, 2025, on-chain tracking revealed that the TST creation address had liquidated all tokens (about $30,000). This action directly contradicts CZ's claim that the "private key has been deleted."
The most likely scenarios are:
1) CZ lied and colluded with officials to harvest;
2) The related team committed fraud and lied to CZ.
The first possibility is low, while the second is the most likely. If true, Binance should thoroughly investigate such employees or teams. This kind of fraudulent behavior severely damages the reputation of Binance, especially exacerbating the already questionable reputation of the BSC chain.
A few reminders for retail investors and fans —
✅ Many projects use the guise of "testing" or "experimenting" to essentially raise funds. If you see claims like "the private key has been deleted," be sure to raise your guard.
✅ High community enthusiasm does not mean the project is reliable; more often, it is just a tool for market makers to offload their tokens.
✅ In the event of unusual situations (such as a price crash or official disappearance), decisively cut losses and do not fantasize about a "rebound."
✅ Once it is confirmed to be a scam project, be sure to save transaction records and on-chain data, and report to the platform or regulatory authority if necessary.
