The test price (TST) is declining because the developer liquidates entire stocks

• A developer wallet has sold TST worth $ 30,400 in four transactions.
• The participant has completely left his TST position, which triggers concern in the community.
• The data show that the open interest of the old has dropped by 6.15%, which underlines the declining mood of the emerging countries.

Digital tokens performed well on Monday when the market capitalization of cryptocurrency recaptured $ 4 trillion, with Bitcoin exceeding $ 122,000.

While the leap from Ethereum over $ 4,300 renewed the narrative of the old Season, the dynamics of Test (TST) weakened because transactions with his creator clouded the mood.

The GMGN data show that the investor has repelled its entire TST supply within 12 hours and repelled assets worth around $ 30,400.

The wallet carried out the sale in four different transactions, so that the portfolio had no test token.

Even if the amount in the cryptocurrency industry does not sound dizzying, it is sufficient to shake trust in niche and small cap token like TST.

Market participants often feel the full exit of an insider or developer as negative gestures.

The old coin already gives declining signals. In the last 24 hours he has lost around 1.40% despite a broad market recovery.

The data also shows that the open interest of TST has dropped by 6.15%, which confirms that dealers close existing positions.

Why the garbage dump is important

Investors often consider team and developer participations as a “trust anchor”.

If people who have launched the asset still hold a significant share, this signals confidence in the future of the project.

However, the perceived trust disappears as soon as they liquidate all of their stocks.

The look is a challenge for the test coin.

The remarkable increase to $ 0.52 in 2025 came about when the community misinterpreted the tutorial of Binance founder Changpeng Zhao as a recommendation.

CZ made it clear that the test was only an experimental coin for the tutorial of BNB Chain and not an investment instrument.

He even confirmed that they had deleted the address with which a token was created.

This meant that no one could interact or change it with digital tokens.

Therefore, the sudden exit of the developer caused upgrade eyebrows.

Is it a calculated exit from a possible volatility or the unloading of assets that are left of the tutorial days?

Bärische moods prevail

After developments, the TST momentum has released itself.

The data from Coinglass show that the open interest has dropped significantly by 6.15% after the sudden sale.

For comparison: Open Interest shows the total amount of the outstanding indefinite swap or futures contracts.

A decline in this key figure shows that retailers leave positions without making new ones, which indicates an increased caution or dwindling optimism.

TST also shows a weakness on his daily type.

It has decreased to $ 0.02561, with an increase in the 24-hour trade volume by 30%, which indicates an increased activity of the participants, which may close their positions.

Test token: a coin without purpose?

The greatest challenge of TST is that there is a lack of real benefits.

It was an experimental asset to show developers how to use tokens on the BNB chain.

TST does not operate a NFT platform, no meta-verse project and no DEFI app.

But useless things can also find a remarkable supporter in the crypto world.

TST has over 16k followers to X. players often treat these assets like meme token and wait for the hype to drift the prices.

In the meantime, the recent development of the developers has put the optimism of the community to the test.