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TST experienced a flash crash and fell 70% this morning, with a big pump of 1855% in contract trading volume on CEX.
On August 7, according to market data, Test (TST) plummeted by about 70% at 9 AM Beijing time this morning, with the 1-hour K-line reaching a high of 0.0496 USD and a low of 0.01547 USD, currently quoted at 0.0267 USD, with a market capitalization of 25.33 million USD. The TST/USDT spot trading pair on CEX had a 24-hour trading volume of 50.37 million USD. It is worth noting that during the price plunge, the trading volume of the TST/USDT spot trading pair reached 15.95 million USD within 1 hour, and subsequently, when the price consolidated at a low level, the trading volume again reached 12.25 million USD within 1 hour. As of the time of writing, the total contract holdings for TST across the network is reported at 25.76 million USD, a decrease of 28.86% in 24 hours. In addition, the total transaction volume for the TST/USDT contract trading pair across the network reached 266 million USD, with a 24-hour increase of 1173%. On CEX, the TST/USDT contract trading pair had a 24-hour transaction volume of 205 million USD, with a 24-hour increase of 1855%.