TURBO, an Ethereum-based ERC-20 meme coin initially created with ChatGPT, has skyrocketed by 116% in October, reaching a new all-time high (ATH) of $0.012. The project, which began with just $69, now boasts a market capitalization exceeding $800 million, positioning it as the 17th largest meme coin globally.
Trading Volume and Whale Activity
Last week, TURBO recorded over $1.4 billion in trading volume**, tripling its weekly average. Amid the price surge, a crypto whale capitalized on the momentum by transferring 188.89 million TURBO tokens (worth $2.27 million) to Binance, securing a profit of approximately $1.025 million (+82.5%)** in under a month.
As of writing, TURBO’s price has corrected by 11% from its ATH, trading around $0.0116.
Key Metrics:
- Market Cap: $800+ million
- Rank: #17 among meme coins, #103 overall
- 24h Trading Volume: $1.4 billion (peak)
Meme Coins Dominate Crypto Rankings
Meme coins now occupy 10 spots in the top 100 cryptocurrencies by market cap, sparking debates about a potential "supercycle" for the category. Established tokens like DOGE, SHIB, and PEPE share the spotlight with newcomers such as NEIRO, MOG, and POPCAT. Notably, politically themed meme coins have also gained traction this year.
Risks and Market Sentiment
While meme coins attract speculative interest, analysts warn of overheating. Investor Miles Deutscher noted:
"As market caps rise, sustaining momentum requires more capital. Memes must bridge the retail gap soon, or we may see a temporary cool-down."
Google Trends data reveals increased searches for "meme coins" in October, reflecting growing retail interest. The meme coin sector’s total market cap now stands at $59.3 billion, up 4.9% in 24 hours.
FAQ Section
Q: What is TURBO’s current market position?
A: TURBO ranks #17 among meme coins and #103 overall, with an $800M+ market cap.
Q: Why did TURBO’s price drop after its ATH?
A: Profit-taking by whales and natural market corrections contributed to an 11% dip.
Q: Are meme coins a safe investment?
A: High volatility and speculative trends make meme coins risky. Always research and diversify.
Q: How was TURBO created?
A: Developed on Ethereum using ChatGPT, TURBO started with just $69 in seed capital.
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Disclaimer: This content adheres to strict editorial standards. Verify details independently and consult financial advisors before investing.
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