BNB Chain Team Accused of Selling TST Token Despite CZ’s Claims to the Opposite

According to the latest report, the development address of TST — a meme token on BNB Chain — has sold over $30,400 worth of tokens, completely exiting its TST position.

This is particularly notable because Binance founder CZ previously declared that TST was only a test token used in BNB Chain tutorial videos, and that the team had deleted the private key for this token creation address.

Community Doubts CZ's Statement about TST Token

TST (Test Token) on BNB Chain was initially just a test token in the BNB Chain team's tutorial video on the four.meme platform. However, the community discovered it and pushed its price significantly higher.

In February 2025, CZ posted on X to explain the situation. He said a frame in the tutorial video accidentally revealed the name "TST", leading the Chinese community to start trading it.

This pushed its market capitalization at that time to $494,560. At its peak, the token's market capitalization exceeded $50 million.

He emphasized that the team had deleted the private key and no one in the team or Binance held any TST tokens. He also stressed that TST was not an official token and was only used for demonstration purposes.

However, Collin Wu, a prominent cryptocurrency media figure, recently reported that this address had sold over $30,400 worth of tokens in four transactions. This contradicts CZ's statement and raises doubts about transparency.

Currently, CZ — former Binance CEO — has not responded on his X account about the wallet's actions. However, comments seem to be directly targeting him.

"Someone is lying about the private key here," an investor commented on X.

TST Drops 100% from February High

Previously, BeInCrypto reported that TST had dropped 68%, reaching a new All-Time-Low of $0.01547.

Although the price is currently trading around $0.02, data from BeInCrypto shows that since its launch, TST's entire price history has been a prolonged downward trend.

At the end of May, TST also experienced a sharp decline. It dropped over 40% almost immediately after an anonymous whale sold 6-7 million USD worth of tokens. This shows that large holders significantly impact TST's volatility.

Data from CoinMarketCap shows that TST's daily trading volume is only around $25.7 million, with over 26% of that coming from Binance.

This reflects low demand for TST. Combined with the fact that it is just a meme token without utility and the developer has currently exited, the token's future looks bleak.