Recent price movements in $TURBO have been dramatic, with a significant price surge of 86% over the last 17 days after the team unlocked 4.5 billion tokens.
The price of the $TURBO token experienced a sharp 11% drop in the past three hours after a wallet linked to the TurboToadToken team deposited 810 million tokens valued at $9.97 million to Binance and OKX. However, the deposit of 810 million $TURBO earlier today appears to have reversed that trend, sparking the current 11% decline.
This large transfer has raised suspicions of another major sell-off, following a familiar pattern for this wallet, which has been observed receiving $TURBO from the project’s developer and token vesting contract.
These tokens are typically unloaded onto exchanges at market peaks, which often leads to price declines shortly after.
