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As the team made the transition, memecoin’s price dropped by 20%.

Arover
By Arover
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As the team made the transition, memecoin’s price dropped by 20%.

to stay On Google News Follow up.

There seems to be a significant sell-off from the project team in Turbo, which was recently listed on the Binance exchange. The team, known for selling on spikes and putting tremendous pressure on the price, sent a total of $9.5 million worth of TURBO tokens to the Binance and OKX exchanges.

According to information provided by on-chain tracking platform Lookonchain, the team has sold 1.5 billion tokens worth a total of $17 million through exchanges since June.

They sold out as soon as the record came out.

As seen in the chart below, the team does not hesitate to sell when token prices rise significantly. In fact, while Turbo reached a new ATH level yesterday, it didn’t go unnoticed that the transition was extremely bullish. Turbo, a meme coin that was released on the Ethereum network last year, started a serious upward movement, especially after it was listed on Binance on September 16th.

Turbo, which fell 20% after the transition began, is currently trading at $0.010.

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