TURTLE reached a maximum of 0.3 USD, current market capitalization 28 million USD

Gate News Bot news, on October 23, according to CoinMarketCap data, as of the time of writing, TURTLE (Turtle (turtle.xyz)) is currently priced at $0.18, falling 37.13% in the last 24 hours, with a high of $0.30 and a low of $0.17. The current market capitalization is approximately $28 million, a decrease of $16.533 million compared to yesterday.

Turtle is a liquidity distribution protocol designed to unlock enhanced rewards for Web3. The protocol offers institutional-grade liquidity, trading flow, and due diligence services, focusing on aligning incentive mechanisms within the Web3 ecosystem. Turtle allows partner protocols to submit enhanced opportunities and track TVL, wallet activity, and liquidity costs in real time. Liquidity providers can deposit assets to earn from native yield activities and rewards from emerging ecosystems. Additionally, Turtle provides distribution partner services, allowing partners to share specific trades and treasury with their audience, thereby generating revenue.

Important news about TURTLE recently:

1️⃣ Gate global exclusive launch of TURTLE trading Gate will launch Turtle on October 22, 2025, at 23:00 ( UTC+8, with spot trading for the trading pair TURTLE/USDT. This marks the official entry of TURTLE into mainstream trading platforms, which is expected to enhance its liquidity and market attention.

2️⃣ TURTLE Token Economic Model Determined The Turtle project team has confirmed the token economic model, with a total issuance of 1 billion TURTLE tokens, which is the same as the previously issued total amount of TURTLE points. All TURTLE points from pre-market OTC trades will be exchanged for TURTLE tokens at a ratio of 1:1, keeping the total order amount unchanged. This decision provides clear value protection for early participants.

3️⃣ Turtle completes a new round of financing Turtle announced the completion of a new financing round of $5.5 million, bringing its total financing amount to $11.7 million. This round of financing was supported by several well-known institutions, including GSR, Bitscale VC, and Theia. This funding will help Turtle further develop its liquidity distribution protocol and enhance the project's competitiveness.

The initial circulation of the TURTLE token is 15.47% of the total supply, while 1% is reserved for HODLer airdrops. This distribution method may limit the supply pressure of the token in the short term. However, the significant fall in TURTLE's price may be related to the market's divergence in its valuation or investors' cautious attitude towards the project's prospects.

This message is not intended as investment advice, and investors should be aware of market volatility risks.