What is Driving the 150% Increase in Tutorial (TUT) Price?
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Coinspeaker
What is Driving the 150% Increase in Tutorial (TUT) Price?
Tutorial ($TUT), a meme coin on the BNB Chain, has become one of today’s top-performing altcoins, rising by a staggering 150%. The token jumped from $0.016 to an intraday high of $0.056 before retracing to around $0.037 at the time of writing.
The parabolic rally was driven by mounting hype surrounding its recent Binance listing. The exchange’s “Vote to List” campaign, picked TUT for listing alongside three other meme coins.
Meanwhile, Bitget announced its season 2 of Early Hunter Airdrop on March 28, featuring TUT. The campaign offers users who trade TUT and hold 10 BGB tokens a chance to win a 1,000 BGB grand prize on March 31.
The events sparked a 1,200% increase in TUT’s daily trading volume, surpassing $287 million. Simultaneously, its market cap reached $38.5 million, up by 148%. Open interest in TUT futures also spiked by 400%, hitting $73.59 million, according to CoinGlass.
Traders Optimistic Despite Past Profit-Takings
TUT saw a similar rally last week when Bitget announced the meme coin’s listing on its platform. The token rallied over 330% to a record high of $0.057. However, the initial hype was followed by a sharp correction, with TUT losing around 50% of its value within the next 24 hours.
Despite the downtrend, TUT remains 150% higher since Bitget listing. Technical analysts remain confident about the token’s potential.
According to popular crypto analyst gemxbt_agent, TUT recently broke out of a consolidation pattern, forming a potential double-bottom reversal. The analyst highlighted $0.03 as a key support level, with upside targets of $0.06 and $0.065 if the bullish structure holds.
Traders are eyeing the $26.6 million market cap level as a crucial threshold–if TUT can maintain above it, they could see further short-term gains.
Meme Coin Market Comeback?
Looking at the performance of TUT, it’s clear that meme coin traders are looking for a comeback after the worrying downturn earlier in 2025. The total meme coin market has gained more than $8 billion in the last 20 days.
However, the market capitalization of top meme coins is down by 6.2% today, sitting at $51.73 billion.
Notably, the meme coin market capitalization grew by 500% from $20 billion in January 2024 to over $120 billion by December 2024.
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