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<p>The TST (Test Token) is caught in a brutal pain cycle after a swift and severe breakdown on Binance, marked by capitulation-level volume, a wipeout in open interest, and a sharp <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" rel="noopener noreferrer nofollow">MACD</a> reversal signaling full risk-off. In just 15 minutes, the token collapsed by over 68%, falling from $0.04960 to $0.01547, triggering mass liquidations and panic exits.&nbsp;</p><p>With no signs of social or whale support stepping in, the selloff deepened. Though TST later rebounded to around $0.02498, the 24-hour damage remains heavy at -38%, leaving the market shaken and uncertainty high.</p><h2 class="wp-block-heading" id="h-open-interest-collapses-as-liquidations-unleash">Open Interest Collapses as Liquidations Unleash</h2><p>Data from Coinglass shows TST open interest fell by over 35%, with Binance-specific contracts declining more than 40%. The sharp decline followed a surge in open interest earlier in the day, where a single $102 million position was placed, nearly double the prior OI total and sparking a liquidation cascade. Over $4.47 million worth of TST positions were liquidated within hours, with 98% being long trades wiped out in the crash.</p><h2 class="wp-block-heading" id="h-whale-activity-hype-amp-supply-gaps">Whale Activity, Hype &amp; Supply Gaps</h2><p><a href="https://x.com/degentradingLSD/status/1953153145644933144" rel="noopener noreferrer nofollow">Top traders</a> flagged the $102 million ocean, reporting sharp upticks in funding rates across exchanges like Bybit. Many suspect a lone whale triggered the sell-off, pumping up volume before triggering the collapse.&nbsp;</p><p>Although the token had briefly surged on rumors of Binance support, official channels, including CEO Changpeng Zhao, denied any affiliation. The rumors pushed TST to $0.52 before crashing, echoing prior patterns of rapid price pulls in Binance-listed tokens.</p><h2 class="wp-block-heading" id="h-market-reaction-amp-technical-breakdown">Market Reaction &amp; Technical Breakdown</h2><p>On Binance Square alerts, analysts confirmed the bearish structure: TST broke support at $0.04708, slipped below short-term moving averages (MA7, MA25, MA99), and saw volume decline, signals all pointing downward. Suggested support levels were noted at $0.0425 and $0.0396, with sustained weakness risking a deeper fall toward $0.0408 or lower.&nbsp;</p><h2 class="wp-block-heading" id="h-liquidations-wipe-out-longs">Liquidations Wipe Out Longs</h2><p>TST saw the third-largest <a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">liquidation</a> total in the market over the last 12 hours, trailing only Ethereum and Bitcoin. Over $4.47 million in positions were liquidated, with 98% of that being long positions, highlighting the one-sided nature of the wipeout.&nbsp;</p><p>Short sellers weren’t spared entirely, however, with around $63,230 in shorts liquidated during the swift rebound. Meanwhile, the trading volume surged over 1,000%, reaching approximately $242.94 million, while market capitalization plunged 32% to $25.9 million.</p><h2 class="wp-block-heading" id="h-faqs">FAQs</h2><div class="schema-faq wp-block-yoast-faq-block"><div class="schema-faq-section" id="faq-question-1754559603453"><strong class="schema-faq-question"><strong>What caused the TST token crash?</strong></strong><p class="schema-faq-answer">The TST token crashed due to a massive selloff on Binance, triggered by a large position that led to a cascade of liquidations and panic selling, wiping out longs.</p></div><div class="schema-faq-section" id="faq-question-1754559622918"><strong class="schema-faq-question"><strong>How did whales influence the TST crash?</strong></strong><p class="schema-faq-answer">A large trader, or whale, is suspected of triggering the TST sell-off by placing a significant position that led to a liquidation cascade.</p></div><div class="schema-faq-section" id="faq-question-1754559643290"><strong class="schema-faq-question"><strong>Is TST recovering after the crash?</strong></strong><p class="schema-faq-answer">TST rebounded to $0.02498 (-38% daily) but remains unstable with no whale support. Analysts warn of further downside risk toward $0.0408.</p></div></div>

Why TST Token Price Crashed 68% in 15 Minutes?

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