In the ever-evolving world of cryptocurrency, a recent tweet by @mijiu_btc_eth has caught the attention of many in the community, particularly those interested in meme coins like $TST. The tweet, posted at 16:08 UTC on February 8, 2025, delves into the intriguing scenario where $TST experienced a dramatic 95 million dollar chop within two days. Whether this was a conspiracy or straightforward strategy, @mijiu_btc_eth believes it's worth discussing.

The Binance Controversy

The discussion begins by setting aside Binance's controversial actions in this incident, which include market manipulation, inconsistency in statements, and playing the hypocrite. Instead, the focus is purely on analyzing $TST from the perspective of a meme coin.

First Wave of Entry

The initial entry into $TST wasn't about insider trading but rather an opportunity spotted by early adopters on the BSC chain. A video tutorial on creating tokens on the BSC chain included a brief mention of $TST, which savvy early investors capitalized on, buying in at this nascent stage.

The First Pump

Things got interesting when @cz_binance, the CEO of Binance, publicly distanced himself from $TST with a tweet. However, the tweet included the token's contract address and highlighted the locked developer tokens, paired with the phrase "happy trading," which could be seen as a subtle endorsement.

First Round of Profit Taking

After the initial interest, as early investors and on-chain followers took profits, media outlets began reporting that "CZ does not endorse this token," leading to a price drop from 40 million to 8 million. This dip was an opportunity for savvy investors, or "smart money," to accumulate at the bottom.

The Main Pump

Despite CZ's continued public stance against $TST, Binance Alpha added it to their Alpha list, triggering a massive price surge to 90 million. Here, those holding from the bottom and the "smart money" sold off, completing the main pump and a second round of profit-taking.

Conclusion

@mijiu_btc_eth's analysis from a meme coin trading perspective offers a unique lens through which to view the volatile nature of $TST's price movements. While the ethical implications of Binance's actions are vast, this post focuses on the market dynamics at play, providing insights into how meme coins can be influenced by market giants like Binance.

For those interested in the technicalities of cryptocurrency trading, especially within the meme coin sector, this incident with $TST serves as a case study on market sentiment, manipulation, and the influence of key figures in the crypto space.

Continue following @mijiu_btc_eth for more insightful takes on cryptocurrency market trends and manipulations.