Deep Dive
1. Token Unlock Sell-Off (Bearish Impact)
Overview: A 45% TURBO token unlock (~$878M) occurred on 15 July 2025, releasing a massive supply into circulation. Historical data shows such events often lead to sustained sell pressure as early investors and teams cash out.
What this means: The unlock likely created a supply-demand imbalance, exacerbated by holders rushing to exit positions before further dilution. With TURBO’s 24h volume at just $3.9M, even moderate selling could overwhelm buy-side liquidity.
What to look out for: Monitor on-chain wallets linked to unlocked tokens for signs of continued distribution.
2. Technical Breakdown (Bearish Impact)
Overview: TURBO’s price plunged below its 7-day SMA ($432,472) and 30-day SMA ($102,745), signaling a loss of structural support. The RSI (46–49) shows no immediate oversold conditions, leaving room for further declines.
What this means: Breakdowns below key moving averages often trigger algorithmic stop-loss orders and margin calls, creating cascading sell-offs. The absence of oversold RSI readings suggests weak dip-buying interest.
Key level: A close above the 7-day SMA ($432K) could signal short-term stabilization.
3. Liquidity Crunch (Bearish Impact)
Overview: TURBO’s 24h trading volume ($3.9M) represents just 0.12% of its self-reported market cap ($3.1 quadrillion), indicating extreme illiquidity.
What this means: Thin order books magnify price swings, allowing modest sell orders to trigger outsized declines. This dynamic likely accelerated the 24h crash as traders struggled to exit positions efficiently.
Conclusion
The combination of post-unlock selling, technical breakdowns, and illiquid markets created a perfect storm for TURBO’s historic drop. Traders should watch for stabilization near Fibonacci retracement levels and monitor exchange inflows from unlocked wallets.
Key watch: Can TURBO hold the 78.6% Fibonacci support at $1.61M, or will liquidity issues drive further capitulation?