CandleFocus Turbo Toad Wallet Deposits 810M $TURBO to Binance and OKX, Triggering 11% Price Drop
2024-10-16
Author: Content Editor
The price of Turbo Toad Token (TURBO) has dropped by 11% following a large deposit of 810 million TURBO tokens to major exchanges Binance and OKX. The deposit was made by a wallet linked to the Turbo Toad Token project, raising concerns among investors about potential sell-offs. Historical patterns suggest that this wallet often sells TURBO at price peaks. Despite the recent deposit, the wallet still holds 3.7 billion TURBO tokens. Similar movements by team wallets, such as the Storj team transferring a large amount of STORJ to Binance, are causing concerns among retail investors. Traders are advised to monitor the coin closely and do their own research before making any moves. The project's token movements are closely monitored by the crypto community due to the potential for large sell-offs coinciding with price drops.
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