Team transfers to two major exchanges, meme coin price drops 20%

While it is known that the declines in meme coins are as harsh as the rises, the team made a big sale in TURBO, which was recently listed on Binance.

Team transfers to two major exchanges, meme coin price drops 20%

TURBO, which was listed on the Binance exchange recently, seems to have received significant sales from the project team. The team, known for selling on the rise and putting great pressure on the price, sent a total of $9.5 million worth of TURBO tokens to the Binance and OKX exchanges.

According to the 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 as the record came

As can be seen in the chart below, elip sells without hesitation when token prices rise significantly. In fact, while TURBO reached the new ATH level yesterday, it did not go unnoticed that these transfers came just at the peak.

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