According to data, a crypto whale exited a position worth approximately $6-7 million in the Test (TST) altcoin, causing a sudden 40% drop in the token’s price.
TST, which is also listed on Binance and was recently established by Binance founder Changpeng Zhao for testing purposes on a decentralized cryptocurrency exchange, has become a memecoin with its popularity. The altcoin, which was not initially planned to be listed on Binance, attracted attention with its growth in market value.
Chart showing the sudden drop in TST price.
Changpeng Zhao stated that the token was created for testing purposes and had no other purpose.
At the time of writing, TST has a market cap of $37 million and is trading around 90% lower than its all-time high price.
*This is not investment advice.
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