TST Token Drama: CZ’s Statement Vs The Truth
A fresh controversy is rocking the crypto community: the developer wallet of TST — a meme token on BNB Chain — has reportedly sold over $30,400 worth of tokens, completely exiting its position.
This directly contradicts Changpeng Zhao (CZ), Binance’s founder, who previously stated that neither he nor the BNB Chain team held any TST tokens.
What CZ Said About TST Token
TST (Test Token) was originally created only as a demonstration in a BNB Chain tutorial video for launching meme tokens on the four.meme platform.
In February 2025, CZ explained on X (Twitter):
- One frame in the video (at 1:18) accidentally revealed the name “TST,” leading the Chinese crypto community to start trading it.
- At the time, the token’s market cap hit $494,560, and at its peak, it soared above $50 million.
- The team deleted the private key of the creator wallet (which held 0.13% of the supply).
- No one on the BNB Chain team or at Binance holds any TST tokens.
- TST is not an official token and was only created for demonstration purposes.
Screenshot of CZ’s original post
New Report Contradicts CZ’s Statement
Crypto journalist Collin Wu recently reported that the TST developer wallet sold over $30,400 worth of tokens in four separate transactions.
Sale transaction of the TST developer wallet — Source: gmgn
This directly challenges CZ’s earlier claim that the private key was deleted and no tokens were held by the team.
The revelation sparked backlash on X, with one investor bluntly saying:
“Someone lied about the private key here.”
At the time of writing, CZ — now the former CEO of Binance — has not responded to the allegations.
TST Token Price Collapse
- February 2025: TST hit its peak market cap above $50 million.
- Now: Price trades around $0.02, down nearly 100% from its highs.
- May 2025: An anonymous whale sold $6–7 million worth of TST, triggering a 40% crash almost instantly.
TST’s daily trading volume is about $25.7 million, with 26% of that coming from Binance — showing low overall demand and heavy reliance on a single exchange.
Price performance of TST :BeInCrypto
The Future Looks Grim for TST
With no real utility, a developer wallet that allegedly cashed out, and growing doubts over earlier statements, TST’s outlook is bleak.
While meme tokens often ride hype cycles, trust is critical — and in this case, that trust may have already been broken.