The sale of 6-7 million USD in TST by an anonymous whale resulted in a 40% price drop. TST’s market cap plummeted by nearly 20 million USD, leading to a significant spike in trading activity, especially on Binance.
Despite the lack of evidence, Binance’s Zhao and insiders were accused of being the whale. This incident illustrates the speculative nature and inherent risks associated with meme coins, as traders react to rapid market shifts.
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