
Jakarta, Pintu News – Turbo , which was originally launched as a meme experiment through ChatGPT, was in the spotlight for its rapid growth in value. In its early phase, Turbo’s value soared to close to a billion dollar valuation, attracting investors and buyers en masse.
However, after reaching its peak in the range of $600 million to $900 million, Turbo experienced a sharp decline. Currently, Turbo’s market capitalization stands at around $300 million, down about 69% from its highest value, leaving many investors at a loss.
Check out the full analysis here!
At first, Turbo attracted widespread attention due to its unique concept and dramatic rise in value. Historical data shows that Turbo peaked twice, but soon experienced a significant drop in value.
This drop left many investors with losses of between 50% and 60%. Current on-chain analysis shows concerns about a lack of confidence among new buyers and a low number of long-term holders.
Read also: UK’s First Crypto Expert Hired for Fund Recovery, What’s Next?

Market sentiment towards Turbo is currently trending negatively, mainly due to the sharp and sustained price drop. However, the launch of a new product, the Turbo-branded wallet in collaboration with Tangem, provides some hope.
This partnership not only adds utility but also increases Turbo’s credibility in the eyes of investors. Nonetheless, it will take time to see if these innovations can restore trust and market value.
Read also: Why are DeFi Professionals Paying Attention to SFI Crypto Again?
To overcome the challenges, Turbo needed to implement a strategy that focused more on increasing trust and long-term adoption. Introducing new features that can attract users and retain them is key.
In addition, increasing transparency and communication with the community can also help improve the image and value of Turbo. Strategic partnerships such as the one with Tangem should continue to be developed to expand reach and functionality.
That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.
Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference