The recent drop in the price of tst can be attributed to a large sell-off by an unknown cryptocurrency whale, as well as a significant decrease in bitcoin's value.

on may 30th, an unidentified entity sold off positions worth approximately $6-7 million usd, causing tst's price to plummet by around 40% within just two minutes. this sudden sell-off affected other altcoins but had a more pronounced impact on tst due to its smaller market capitalization of about $37 million. the token has lost approximately 90% of its all-time high value.

additionally, bitcoin experienced a sharp decline below $103k usd on june 1st (utc), which led to further downturns across the altcoin market and brought additional downward pressure on tst’s price.