The cryptocurrency TST, listed on Binance, witnessed an unexpected and dramatic loss in early trading on August 7, 2025, as its value plummeted from $0.04960 to $0.01547 within roughly 15 minutes, translating to a staggering 68% depreciation. The price eventually stabilized at $0.02498, marking a daily loss of 38.03%. This sharp decline was captured on trading charts with a long red candlestick, accompanied by a marked increase in trading volume. A Chinese blockchain journalist confirmed the event through shared screenshots, while Coinglass data revealed significant liquidations of open positions in the derivative market, with leveraged long positions closing rapidly, increasing selling pressure.
The Hidden Causes Behind TST Coin’s Sudden Price Fall
Around 4:00 AM, a large red candle on the chart indicated that TST coin dramatically breached its support levels within seconds. During a peak period reaching $0.04960, a surge in trading volume dropped the price to $0.01547, shrinking nearly 68% in merely 15 minutes.
Subsequent minutes saw a partial price recovery, yet it remained below the $0.03 mark. The intersection of short-term moving averages suggests selling pressure may persist. Investors view the $0.020-$0.025 range as a temporary refuge, while volatility indicators continue to define a broad spectrum.
Liquidation Impact on Open Positions
According to Coinglass data, the value of open positions in TST coin futures trades decreased by 35% over the last 24 hours. Binance experienced a reduction exceeding 40%. With many leveraged investors forced to close positions, the retreat in derivative markets reinforced the decline seen in spot trading. This scenario distinctly shows the cascading movement effect on the price.
The sudden spike in volume confirms short-term panic selling, with transferred coins rapidly changing hands. Wu Blockchain highlighted rising liquidity, as algorithmic trading systems also became active. Despite slowed down sales, it is assessed that short-term volatility may continue with altcoin.
