TST (Test) rose 10.44% in the last 24 hours.

Gate News Bot news, August 18, according to CoinMarketCap, as of the time of writing, TST (Test) is currently priced at $0.03, with a rise of 10.44% in the last 24 hours, reaching a high of $0.03 and a low of $0.02. The current market capitalization is approximately $31.9 million, an increase of $3.02 million compared to yesterday.

Test Token (TST) is a test token deployed on the FOUR.MEME platform by BNB Chain. It was originally created as a demonstration token for a video tutorial to showcase how to issue meme tokens on the BSC using the four.meme platform. After the tutorial video was published on BNB Chain's official Twitter, the community quickly took notice of the token's code and contract address. Although BNB Chain later deleted the video, the token movement had already begun. TST has become one of the largest meme coins on BSC, driving significant trading volume on the network.

Important news about TST recently:

1️⃣ Developer sell-off behavior triggers market fluctuations A developer of the TST token recently sold approximately $30,000 worth of TST tokens, which sparked a strong reaction from the community. This action was seen by some investors as a "rug pull," leading to significant fluctuations in the price of the TST token in a short period. The developer's sudden sell-off may have affected investors' confidence in the project.

2️⃣ TST price plummets sharply in the short term Due to the developer sell-off event, the price of the TST token plummeted by 68% within 15 minutes. This extreme price fluctuation highlights the high-risk characteristics of small market capitalization tokens and reflects the market's concerns about the future development prospects of the TST project. Significant short-term volatility may trigger a more cautious attitude among investors.

3️⃣ BNB Chain founder's statement on the event BNB Chain founder CZ commented on the TST token incident, emphasizing the importance of being aware of risks in cryptocurrency investments. CZ's statement has attracted widespread attention and may have a certain impact on the future development of the TST token. The remarks from high-level figures could influence investors' perceptions of the TST project.

From a technical perspective, the TST token has recently experienced significant price volatility, indicating a high level of market uncertainty. Fundamentally, the behavior of developers and the transparency of the project have become the focus of investors' attention. The future price trend of TST may be influenced by the community's trust and the project's subsequent development plans.

This message is not intended as investment advice; investors should be aware of market volatility risks.