The team made transfers to two major exchanges, the meme coin price dropped by 20 percent

While it is known that the declines in meme coins are as severe as the increases, the team recently made a big sale in TURBO, which was listed on Binance. After the sale from the peak, a significant decrease was seen in the token.

In TURBO, which was listed on the Binance exchange in recent days, there seem to have been significant sales from the project team. The team, known for selling during increases and putting great pressure on the price, sent a total of $9.5 million worth of TURBO tokens to Binance and OKX exchanges.

According to the information provided by the on-chain tracking platform Lookonchain, the team has sold a total of 1.5 billion tokens worth $17 million through exchanges since June.

They sold as soon as the record came

As can be seen in the graph below, the team sells without hesitation when token prices increase significantly. In fact, while TURBO reached a new ATH level yesterday, it did not go unnoticed that these transfers came right at the peak. TURBO, a meme coin launched on the Ethereum network last year, started a serious upward movement, especially after the Binance listing on September 16.

TURBO, which fell by 20% after the transfers started, is currently trading at $ 0.010.

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