On February 8, 2025, Binance announced the listing of TST on its platform, causing the price of the coin to surge by more than 300% within half an hour, with the market cap reaching $520 million. This announcement attracted more investors and increased the market enthusiasm for TST.
However, despite this rapid rise, the currency began to collapse. This is due to several reasons, most notably:
1. No real value or real application: TST was originally an educational token with no real project or application behind it, which made it vulnerable to volatility and speculation.
2. Media hype and speculation: The rapid rise in value was the result of media hype and speculation by investors, not based on strong fundamentals.
3. Lack of an official development team: Since TST was an educational token, there was no dedicated development team to support and develop it, which affected investors’ confidence in its sustainability.
Ultimately, the TST story shows how media hype and market speculation can lead to rapid spikes in the value of digital assets, but without solid foundations or real-world applications, these spikes can be temporary and lead to rapid crashes.