TST Plunge Sparks 68% Drop and Derivatives Liquidations in 15 Minutes

A sudden and steep decline in the price of TST, a token listed on Binance, sent shockwaves through the cryptocurrency market on August 7, 2025. Within a span of just 15 minutes, the coin's value tumbled from $0.04960 to $0.01547, representing a loss of 68%. Although the price later rebounded slightly to $0.02498, it still reflected a daily loss of 38.03%. The rapid depreciation was visually evident on trading charts, depicted by a long red candlestick and a noticeable spike in trading volume [1].

The decline triggered a wave of liquidations in the derivatives market, as data from Coinglass indicated. Traders who had taken leveraged long positions in TST saw their positions rapidly close out, amplifying the downward pressure on the coin’s price. The cascading effect of these liquidations contributed to the depth and speed of the price drop. A Chinese blockchain journalist corroborated the event with screenshots capturing the volatility, confirming the severity of the situation [1].

The speed and magnitude of the TST coin’s collapse suggest a high degree of sensitivity to market sentiment and leverage exposure. The rapid liquidations indicate that many traders were using significant leverage, which often amplifies both gains and losses in volatile markets. This event highlights the inherent risks of leveraged trading, especially in the fast-moving crypto space where liquidity can shift suddenly. While the cause of the initial drop remains unclear, the subsequent chain reaction of liquidations and selling pressure helped drive the price to a much lower level within a short time frame [1].

The situation underscores the volatility characteristic of many cryptocurrencies, particularly those with high leverage activity. As traders and investors continue to navigate the unpredictable nature of the market, events like the TST coin's sudden plunge serve as a stark reminder of the importance of risk management and position sizing. The incident also raises questions about the stability of tokens with high leverage exposure and the need for more robust safeguards in derivatives trading [1].

Source: [1] Unexpected Plunge Rocks TST Coin on Binance (https://en.coin-turk.com/unexpected-plunge-rocks-tst-coin-on-binance/)