In a surprising turn of events, TST, a digital currency available on Binance, saw its market value crash significantly during early trading on August 7, 2025. The coin’s price fell rapidly from $0.04960 to $0.01547 in about 15 minutes, resulting in a 68% decline. This steep fall was depicted on trading charts with a prominent red candlestick, indicating heightened trading activity. Confirmation of this dramatic downturn came from a Chinese blockchain journalist who shared visual evidence of the event. Meanwhile, Coinglass data highlighted that the derivative market recorded substantial liquidations, particularly impacting leveraged long positions and compelling a sell-off.
What Led to TST Coin’s Unexpected Plunge?
The dramatic drop in TST’s value occurred with a single, major red candle on the trading chart just after 4:00 AM. Initially, the coin reached $0.04960 but saw its value plummet by nearly 68% within a quarter of an hour during a significant spike in volume.
How Did Liquidations Influence the Coin’s Value?
Coinglass figures show that open positions in TST coin’s futures market saw a notable 35% drop within a day, with Binance experiencing a more than 40% decrease. This was largely due to leveraged investors being forced to close positions, exacerbating the dip reflected in spot trading. This cascading effect underscores the vulnerability of the market in the face of rising liquidations.
Although there was a slight recovery shortly after the plunge, prices did not rise beyond $0.03. Indicators suggest persistent selling pressure as the market navigates volatility. Traders are eyeing the $0.020-$0.025 range as a perhaps temporary comfort zone amidst an uncertain trading landscape.
© Recognizing a short-term panic sell-off pattern, Wu Blockchain called attention to increased liquidity and the activation of algorithmic trading systems. Though this has slowed sales, the current volatility is expected to persist, especially in the altcoin sector.
Key insights from the turmoil include:
- Handling 68% decline in 15 minutes revealed market vulnerabilities.
- Liquidations played a crucial role, with a significant reduction in open positions by day’s end.
- Continued price turbulence is anticipated, especially within the $0.020-$0.025 price range.
Amidst this backdrop, TST’s trading journey on Binance underscores the inherent risks and dynamic shifts in cryptocurrency markets, challenging investors to remain vigilant and adapt to sudden changes. The focus remains on observing market reactions and strategizing for possible future fluctuations.
