Meme coin Binance sought to define how humor and cultural relevance combine in service of new innovative use cases of blockchain technology. The most interesting phenomenon to occur has been that of Turbo, a meme coin that managed to get the attention of the crypto community and find its place on the biggest cryptocurrency exchange, Binance. But what is interesting about Turbo and its journey?
The Origin of Turbo: A Binance Meme Coin Built by AI
Turbo isn’t just another meme coin. Turbo is a very special project because its developer, Rhett Mankind, is an AI artist and crypto enthusiast, and it was one of the very first projects using ChatGPT. The origin story started with an experiment: Can an AI-driven meme coin project perform well in the highly competitive crypto market?
For as low as $69, Rhett had ChatGPT create a meme coin from scratch for him, down to its mascot of a toad in a space helmet, create tokenomics, write the whitepaper, and even launch it. But notwithstanding the earlier setbacks that included bot-driven loss of liquidity, Rhett did not give up, and later he was able to raise 3.5 ETH from the community in order to re-launch the project with the name Turbo (TURBO).
Turbo’s Unlikely Success
Turbo’s trajectory defied expectations:
- Massive Growth: From 50 initial token holders, Turbo rapidly expanded to over 16,000 holders within weeks.
- Market Cap and Trading Volume: Turbo reached a $909 million market cap, with trading volumes peaking at $500 million.
- Community Support: What began as an experiment turned into a movement, with widespread community backing and viral success across social media platforms.
This unexpected rise culminated in Turbo being listed on Binance on September 16, 2024, marking a major milestone for the meme coin. You can read Binance’s official announcement for more information
Why Did Binance List Turbo?
Binance’s move to list Turbo pins down many reasons why meme coins would be attractive to the crypto market.
- Community-Driven Momentum: Turbo’s growth came from being tight within the community, proving how decentralized support can make a project successful.
- Unique Backstory: As a meme coin created with AI, Turbo stands out from the crowd for investors looking for something innovative.
- Cultural Relevance: Memes have brought forth an extraordinary amount of online culture, and Turbo’s creative branding vibrates at just the right frequency.
Challenges and Criticism of Meme Coin Binance
Turbo’s case is inspiring, but again, it points to the nature of wild volatility that characterizes every meme coin, devoid of fundamental value and heavy on hype and speculation that some critics would argue.
Being one of the largest exchanges, Binance is under scrutiny of every kind regarding listing meme coins with their wild swings in price, possibly bringing huge financial losses to unaware traders. Besides, several successful cases like Turbo could not justify all the other types of meme coins.
The Future of Meme Coin Binance
Turbo’s listing underlines the wider trend of exchanges jumping aboard the meme coin bandwagon on the basis of high trading volumes that keep users engaged. Investors, though, should exercise caution, well knowing the associated risks of such a speculative nature in these meme coins.
Later on, Turbo will need to innovate and provide utility while retaining community enthusiasm, whereas Binance, from their highly leading position, will continue to be at the very front that drives the crypto ecosystem and makes decisions on the listing of the meme coins, hence moving the trajectory of this market.
Turbo is the case of both risks and opportunities that meme coins have brought to the fore. If anything, the success of the project is a nod to creativity and community power, while it has shown this as still being strictly a speculative market. Continuing on its ride on Binance, Turbo is an interesting juncture of technology, culture, and finance in this ever-changing world of cryptocurrency.
If you are interested in prominent meme coins, check out our Top Meme Coin for 2025