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Information about Turbo (TURBO)
Turbo is a meme coin project created by digital artist Rhett Mankind using the artificial intelligence tool ChatGPT for just 69 USD. Thanks to the combination of artificial intelligence (AI) and meme coin, Turbo has attracted the attention of many investors and has achieved a capitalization of 50 million USD after only a few days since launching. As stated by Rhett Mankind, ChatGPT choose the meme coin name and its branding. Besides that, the AI tool also provided the meme coin project’s whitepaper and smart contract code.
Turbo Token aims to establish itself as a leading meme coin with a unique identity and a strong focus on simplicity, fairness, and community engagement. By prioritizing decentralization, fairness, community, TURBO aspires to create an inclusive ecosystem that enables sustainable growth, innovation, and long-term value for its holders.
TURBO is the native coin of the Turbo ecosystem, operating on Ethereum according to ERC20 standard.
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TurboChain’s innovative blockchain: TurboChain is the first blockchain dedicated to AI MEME coins, featuring scalability and speed. It supports decentralized applications and integrates with MAJOR blockchains like Ethereum, placing the TURBO token at its core for all transactions.
TurboSwap enhances decentralized trading: TurboSwap allows users to trade with cross-chain liquidity across Bitcoin, Solana, and Arbitrum. This function is essential for traders, making it easier to access diverse assets and aligning with Aurora Labs’ goal of creating 1,000 blockchains by 2025.
TurboChain’s innovative blockchain: TurboChain is the first blockchain dedicated to AI MEME coins, featuring scalability and speed. It supports decentralized applications and integrates with MAJOR blockchains like Ethereum, placing the TURBO token at its core for all transactions.
TurboSwap enhances decentralized trading: TurboSwap allows users to trade with cross-chain liquidity across Bitcoin, Solana, and Arbitrum. This function is essential for traders, making it easier to access diverse assets and aligning with Aurora Labs’ goal of creating 1,000 blockchains by 2025.
TURBO Achieves 30% Surge After Coinbase Listing: On December 12, TURBO surged over 30% to reach a new HIGH of 0.0143 USD following its Coinbase listing. This milestone highlights strong market interest in the token, which trades at 0.01283 USD with a market cap of approximately 893 million USD.
Daily Trading Volume Exceeds 956 Million USD: After its listing, TURBO’s daily trading volume increased by 62.9%, surpassing 956 million USD. This surge reflects growing interest among traders, supported by listings on platforms like Coinbase Advanced, further boosting its visibility and demand.
Open Interest Signals New Buying Activity: The Open Interest for TURBO futures surged from 56.93 million USD to 104.97 million USD, indicating fresh capital entering the market. However, whale sell-offs have led to over 6.1 million USD outflows, presenting potential risks for price stability.
A new address has been accumulating TURBO tokens since September 30, the day after the team unlocked the tokens. The address has amassed 695 million tokens at an average cost of approximately $0.006 per token.
Currently, the address holds an unrealized profit of $3.37 million, reflecting an 80% return on investment. As of now, there have been no transfers or sales from this address.
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