The developer address for memecoin TST (0x1a1...66f4) sold over $30,400 worth of tokens across four transactions, liquidating all holdings. This contradicts Binance founder Changpeng Zhao's (CZ) February 2025 statement that the BNB Chain team created TST solely as a tutorial example on four.meme platform and had deleted the private key for the creator address. CZ explicitly claimed neither the team nor Binance held any tokens after a single video frame accidentally revealed "TST," sparking community trading.
Despite CZ's assurances, blockchain data confirms the developer wallet's sales occurred 12 hours ago. Crypto journalist Collin Wu reported the transactions, triggering community backlash with investors accusing CZ of dishonesty on social media. TST, which peaked at a $50M market cap after its unintended launch, has plummeted 95% from its all-time high and currently trades near $0.02 after hitting a record low of $0.01547. Binance dominates its $25.7M daily volume (26% share), with listings limited to Binance, Kucoin, and MEXC.
The token's history includes a 40% crash in May when a whale dumped $6-7M in holdings, highlighting extreme volatility. With no utility and developer exit confirmed, TST faces critical survival challenges amid eroding trust.