According to the latest report, the development address of TST — a meme token on BNB Chain — sold over $30,400 tokens, completely exiting its TST position.
This is especially notable because Binance founder CZ previously claimed that TST was only a test token used in BNB Chain’s tutorial video, and that the team had deleted the private key for the token’s creator address.
Community Doubts CZ’s Statement About TST Token
The TST (Test Token) on BNB Chain was originally just a test token in the BNB Chain team’s tutorial video on the four.meme platform. However, the community discovered it and pumped its price sharply.
In February 2025, CZ posted on X to explain the situation. He said a single frame in the tutorial video accidentally revealed the name “TST,” which led the Chinese community to start trading it.
This pushed its market cap at the time to $494,560. At its peak, the token’s market cap exceeded $50 million.
A tricky situation. A BNB Chain team member just told me this:
“We did the step by step video education for launching meme token on https://t.co/74psayTeug platform. In this video, we launched a token named TST as the example.
When we posted the education video yesterday,… https://t.co/lD77CaQDCj— CZ
BNB (@cz_binance) February 6, 2025
BNB (@cz_binance) He emphasized that the team had deleted the private key and that no one in the team or Binance held any TST tokens. He also stressed that TST was not an official token and was only for demonstration purposes.
However, Collin Wu, a popular crypto media figure, recently reported that this address sold over $30,400 worth of tokens in four transactions. This contradicts CZ’s statement and raises doubts about transparency.
Currently, CZ — the former Binance CEO — has not responded on his X account to the wallet’s actions. However, comments appear to be targeting him directly.
“Someone lied about the private key here,” one investor commented on X.
TST Fell 100% From Its February High
Previously, BeInCrypto reported that TST had dropped 68%, hitting a new all-time low of $0.01547.
Although the price is now trading around $0.02, BeInCrypto data shows that since launch, TST’s entire price history has been a prolonged downward trend.
At the end of May, TST also experienced a severe drop. It fell by more than 40% almost instantly after an anonymous whale sold $6–7 million worth of tokens. This shows that large holders heavily influence TST’s volatility.
CoinMarketCap data shows TST’s daily trading volume is only about $25.7 million, with more than 26% of that coming from Binance.
This reflects low demand for TST. Combined with the fact that it is just a utility-free meme token and now its developer has exited, the token’s future looks bleak.
The post BNB Chain Team Reportedly Sold TST Token Despite CZ’s Previous Claims appeared first on BeInCrypto.