In a space where tokens are born, hyped, and buried in a week, $TST still managed to stand out.

A literal test token… made it to Binance.

Then crashed 68% in 15 minutes. 🩸

Here’s the wild story and a few lessons I pulled from it ↓

First, how did $TST even show up?

It started as a token for internal testing and dev education.

For context:

$TST was created by the BNB team.

Not for trading.

Not for investing.

No actual product.

No whitepaper.

Just for educational content and dev experiments.

But crypto being crypto, it didn’t matter.

Somewhere along the way, social media caught wind of it…

The market saw it and assumed alpha.

Degens rushed in

Liquidity flooded

Price mooned

$TST hit millions in trading volume

All off pure speculation.

But memes are fun… until reality hits.

Even after a slight bounce, it’s still down over 38% in the last 24 hours.

And that’s not even the craziest part.

Open interest also got wiped.

According to @coinglass_com, $TST’s OI dropped over 35% in 24 hours.

Binance alone saw over 40% wiped.

This means traders didn’t just lose on spot, they got wrecked on leverage too.

This isn’t even about $TST anymore.

And here’s the deeper issue:

We’re so addicted to narratives

That even test tokens are being mistaken for generational wealth.

Not because of what they are but because of where they show up.

Binance? Bullish

Trending? Bullish

Low cap? Giga bullish

And here’s the dangerous part:

$TST had no intention of becoming an investment.

But once people put real money in, intent didn’t matter. Outcomes did.

Tbh, this is why I’m learning publicly.

Not to play moral police or act like I saw it coming.

But to understand how these market psychology loops form.

Why hype overtakes logic

And how to protect myself the next time it does.

$TST wasn’t a token. It was a mirror.

And what it reflected was us.

If you’re trying to make sense of this fast-moving space and learn how to stay ahead without getting rekt,

I share my research, reflections, and playbooks here.