TLDR Turbo Trump’s price teeters between meme mania and supply shocks.
1. Token Unlocks (Bearish) – 45% of supply ($878M) unlocked July 2025 risks sell pressure.
2. Exchange Momentum (Bullish) – Bithumb’s top traders drove June 2025 demand surge.
3. Technical Overextension (Mixed) – RSI 83 signals overheating despite bullish MACD.
Deep Dive
1. Post-Unlock Supply Flood (Bearish Impact)
Overview: A 45% token unlock (~$878M) occurred on July 15, 2025, potentially flooding the market with new supply. Historical unlocks for similar meme coins have triggered 20–40% price drops within two weeks post-event.
What this means: Increased sell pressure could overwhelm retail demand, especially with TURBO’s low liquidity (24h volume: $2.8M vs. $114B self-reported market cap). Watch for sustained volume above $5M/day to absorb unlocks.
2. South Korean Exchange Frenzy (Bullish Impact)
Overview: TURBO ranked among Bithumb’s top-traded tokens in June 2025, with the exchange’s 72% stock surge reflecting renewed retail interest. Top traders averaged 11.2 daily trades, focusing on limit orders for 3.5% gains (Kanalcoin).
What this means: Bithumb’s 25% market share recovery suggests sustained Korean trading could counterbalance unlock risks. However, mid-cap token rotations are often short-lived – 73% of similar 2024 pumps reversed within 30 days.
3. Meme Coin Technical Extremes (Mixed Impact)
Overview: TURBO’s RSI-7 sits at 83 (overbought), while the MACD histogram (+47.92) shows bullish momentum. Price trades 5% above the 200-day EMA ($12.95), suggesting speculative froth.
What this means: Overbought conditions typically precede 15–25% corrections in meme assets, but Trump-related news (e.g., election polls) could override technicals. The 61.8% Fibonacci retracement at $301.38 acts as critical support.
Conclusion
TURBO faces a tug-of-war between July’s unlock overhang and Bithumb-driven retail momentum. While technicals hint at a near-term pullback, political meme cycles could extend the rally. How quickly will the unlocked tokens be absorbed by markets – and will Trump’s Q3 campaign events reignite speculative FOMO?