Created completely from scratch using ChatGPT4, Memecoin Turbo has gained enormous momentum with its market cap reaching $100 million within 10 days of launch.
A whale of a ton of frog-themed memecoins pepe recently generated a new trade in a token dubbed Turbo (turbo), built using ChatGPT’s language model for only $69. According to data provided by on-chain analytics platform LookOnChain, a whale who was an early investor in Pepe Coin and made a profit of $14.5 million has been aggressively buying Turbo since the beginning of the month, May 3.
The trader has bought 1.38 billion Turbo Tokens so far and is already in the green. As of the date, the value of this purchase is currently. In his update on Twitter, LookOnChain noted,
“A smart whale who earned ~$14.5M $PEPE is buying $ turbo He bought a total of 1.38B since May 3 $ turbo ($1.1M currently) With $977K, the average buy price is $0.0007055. It Wasn’t an Early Buyer of Whales $PEPEbut he kept buying $PEPE April 19 to 27 when the price $PEPE was upset.
It is clear that the whales in the notice are profiting smartly from Pepecoin to Turbo.
Turbo Token Price Increases Amidst Memecoin Craze
Pepecoin has recently started a new craze for memecoin, giving investors multiple returns in less than a month of launch. The Pepecoin rally has created a huge frenzy among crypto traders and investors fueling renewed interest in this crypto asset class.
This ChatGPT-based token continues to see action, which has led many to believe that the crypto winter may be coming to an end anytime soon. Of course, trading in such tokens is clearly risky and decentralized exchange (DEX) Uniswap is currently warning investors about the same. Over the past weekend, Turbo Token Rewards halved all the way to $0.003007 statistics From Dexscreener.
It’s been 10 days since the developer launched Turbo Memecoin, a scratch-built build with ChatGPT-4. According to the project’s whitepaper, the project has a budget of $69 billion and a total supply of 69 billion tokens. It added that Memecoin “aims to establish itself as a leading meme coin with a unique identity and a strong focus on simplicity, fairness and community engagement”.
Since trading for Turbo Token went up earlier this month, the token has more than doubled in price, taking its market cap to near $100 million.
Bhushan is a Fintech enthusiast and has a great understanding of understanding the financial markets. His interest in economics and finance drew his attention to the newly emerging blockchain technology and cryptocurrency markets. He is in the process of continuous learning and keeps motivating himself by sharing his acquired knowledge. In his spare time he reads thriller fiction novels and occasionally explores his culinary skills.
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