🔍 Current Overview of Turbo (TURBO)
Price & Market Stats
As of now, T₿ is trading around $0.00596, up over 35% in the past 24 hours, with a market cap of approximately $409–$411 million and a circulating supply of 69 billion .
Trading is vibrant, with 24‑hour volume between $310 million and $333 million across key exchanges like Binance, OKX, Bitget, and Toobit .
What is Turbo?
An ERC‑20 memecoin on Ethereum, created in April 2023 by Australian digital artist Rhett Mankind using GPT‑4 and a mere $69 budget .
Mascot: Quantum Leap, a toad-like cartoon generated with AI tools .
Entire supply was minted at launch, no additional inflation, and fully circulating .
No tax on transfers, with contract renounced to ensure decentralization .
Origin & Development History
Originally launched as TurboToadToken; initial rollout faced a bot issue, then pivoted to a crowdfunded, community-controlled version rebranded as TURBO .
Notable early attention, cited by figures like Beeple and Elon Musk, achieving a market cap over $200 M within weeks .
Utility & Ecosystem
Primarily a meme-driven token, value fueled by hype, sentiment, and social media community .
Limited real utility currently; there’s mention of TurboChain (on Aurora/NEAR), but its ecosystem remains small and underdeveloped .
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📈 Market Sentiment & Price Outlook
Bullish Sentiment—Up ~35% in 24 h and ~54% in 7 days, outperforming average crypto market returns .
Technical Outlook from CoinCodex: lean bearish over the next month—projected drop toward ~$0.0039 by mid‑August (–24 to –28%) .
Bulls see T₿ rally continuing potentially to ~$0.006–$0.008+ if momentum holds, according to social trading signals .
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🧭 Summary
Metric Details
Type ERC‑20 memecoin with AI origin
Price ≈ $0.00596, significant recent gains
Market Cap ≈ $410 M with massive liquidity
Utility Meme/hype-driven; minimal real utility
Risk & Outlook High volatility; bullish short-term but potential correction amid broader dip ahead
