What is TUT and Why Did It Explode After Debuting on Binance?
The Tutorial (TUT) meme coin rocketed after it went live on Binance, a massive rally that inevitably gets traders searching for the next big thing. Some are turning their attention to Solaxy (SOLX) – a new Layer-2 solution for Solana that has raised over $28 million in its presale.
TUT isn’t your average dog or cat-themed meme coin. Created accidentally from an educational demo project on the BNB Chain – by a developer who used to work at Binance – TUT aims to teach people the basics of crypto and DeFi. Think of it as part meme, part helpful companion, even using an AI assistant called “Tutorial Agent” to break down complex topics.
What started as a simple how-to guide unexpectedly caught fire with the retail trading community. And it has transformed TUT into a viral sensation. When TUT was listed on Binance yesterday, the coin’s price exploded, reaching a peak of $0.056.
TUT Bucks the Trend as Bears Take Over the Meme Coin Market
Tutorial’s rally really stands out because it’s happened while almost everything else in the meme coin space is in the red. A look at the charts today shows all major players posting sizable losses. DOGE and PEPE are down around 7%, FLOKI has dropped 9%, and some like SPX have been hit even harder, tanking over 13%.
These price drops have lowered the total market cap for meme coins to $51.5 billion. Besides TUT (and GHIBLI) posting gains, retail traders have faced a difficult day.
Could Solaxy Be the Next TUT-Like Rally? SOLX Token Presale Goes Viral with $28M+ Raise
TUT’s rally has got everyone asking: Which meme coin might explode next? One name that keeps getting a lot of engagement is Solaxy. Solaxy is building something many believe Solana desperately needs – its first proper scaling solution.
Using tech called “rollups,” Solaxy can bundle transactions off the main Solana chain, making things way faster and cheaper. None of this comes at the expense of security. Plus, the team isn’t stopping there, since they’re also building a bridge to link up with Ethereum – potentially unlocking massive cross-chain liquidity.
Conclusion
In conclusion, TUT’s explosive rally on Binance has got everyone talking. With its unique approach to teaching people the basics of crypto and DeFi, it’s no wonder it’s taken off. But what’s spooking the market? Part of it might be typical Friday jitters, with traders potentially cashing out some profits before the weekend. Looking at the bigger picture, there are also nagging worries about inflation rising again (due to persistent global trade tensions) and uncertainty about whether the Fed will actually cut rates twice this year.
FAQs
Q: What is TUT?
A: TUT is a meme coin that aims to teach people the basics of crypto and DeFi.
Q: What is Solaxy (SOLX)?
A: Solaxy is a new Layer-2 solution for Solana that has raised over $28 million in its presale.
Q: Why did TUT’s price explode after listing on Binance?
A: TUT’s price exploded due to its unique approach to teaching people the basics of crypto and DeFi, as well as its listing on Binance.
Q: Can Solaxy be the next TUT-like rally?
A: Solaxy’s presale has raised over $28 million, and the project has hit 73,000+ followers on X (Twitter). Major crypto influencers have also discussed SOLX’s potential, making it a potential candidate for a massive rally.
Q: What is the total market cap for meme coins?
A: The total market cap for meme coins is $51.5 billion.
Q: What is the current price of TUT?
A: The current price of TUT is not specified in the article.
Q: What is the current price of SOLX?
A: The current price of SOLX is $0.001676.
Q: Is the article sponsored content?
A: Yes, the article is sponsored content.
Q: What is the disclaimer for the article?
A: The disclaimer for the article is that the above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
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