Binance TST Token Slumps 60% in 15 Minutes on CZ Remarks
Binance-listed Test (TST) token plunged over 60% from $0.045 to $0.0159 within 15 minutes on August 7, 2025. The drop followed remarks by Binance founder Changpeng Zhao (CZ), who clarified that TST was a tutorial token and not officially sponsored by him or the exchange. TST later recovered slightly to trade at $0.026. Launched in early 2025, the memecoin faced criticism for its rapid listing and perceived link to CZ. CZ’s disclaimers further fueled trading interest and volatility. Similar sharp declines exceeding 50% have hit other Binance altcoins such as ACT, MASK, and LEVER, underscoring the risk of sudden dumps. Traders should note the potential for rapid price swings in unregulated tokens and apply cautious position sizing and real-time risk management.
Bearish
The 60% plunge of the TST token triggered by CZ’s disclaimers highlights extreme volatility in unregulated altcoins. Rapid dumps erode trader confidence and could prompt sell-offs in similar tokens. Historically, sudden crashes in small-cap tokens on Binance—like ACT and MASK—led to short-term bearish sentiment across altcoins. While major coins remain unaffected, this event underscores risk in test or tutorial tokens. In the short term, traders may reduce exposure to such memecoins. Long-term impact could reinforce cautious trading and tighter risk controls when new tokens launch on major exchanges.