Key Notes

TST fell over 68% in 15 minutes amid soaring trading volume.

Open interest on Binance dropped 34% in the past day.

Analysts suspect manipulation mimicking earlier pump-and-dump patterns.

The Test Token (TST), a meme coin that originated from a Binance tutorial, nosedived this morning in a massive 15-minute selloff. The token plunged from $0.04960 to $0.01547, losing over two-thirds of its value, before settling near $0.0273 at the time of writing.

This dramatic dip came with a 1,000% spike in trading volume, currently standing at $136 million. According to data from CoinGlass , TST open interest has dropped over 25% to $27 million in the past day, with Binance seeing a decline of more than 34%. Related article: Ethereum Price Loses $3,700 Support Despite Corporate Buyups

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