BNB Chain’s Tutorial $TUT Meme Coin Soars 140% After Binance Listing
Tutorial’s $TUT, a meme coin built on the BNB Chain, has surged 140% within 24 hours following its recent listing on Binance. According to CoinMarketCap data, $TUT climbed from a low of $0.0165 to an intraday high of $0.0564 before retracing to $0.0375 at press time. This rally extended its monthly gains to 2,115%, solidifying its position as one of the best-performing altcoins in the market.
Rising Trading Volume as Binance Listing and Community Hype Fuel $TUT’s Rally
One important point is that $TUT’s recent price explosion was accompanied by heightened trading activity. According to on-chain data, the asset witnessed a 1,500% increase in daily trading volume, surpassing $284 million. However, much of $TUT’s gains were driven by community enthusiasm following its inclusion in Binance’s listing program. On March 7, Binance announced a revamped listing mechanism, introducing a Community Co-Governance Mechanism for Listings. The initiative, which includes “Vote to List” and “Vote to Delist” mechanisms, saw native BNB Chain tokens competing for listing on the exchange. Yesterday, the memecoin was selected in the first round of Binance’s “Vote to List” campaign, alongside other meme coins like Mubarak ($MUBARAK) and CZ’s Dog ($BROCCOLI714), which helped propel its price over the past 24 hours.
$TUT has also gained media hype due to indirect backing from Binance founder Changpeng “CZ” Zhao. The token reached Tier 4 at the BNB AI Hackathon, where it was promoted as an AI-powered educational project, demonstrating the process of launching a token on the BSC testnet. Following this event, Tutorial went viral, drawing significant interest from the crypto community. As enthusiasm for blockchain education and development surged, so did demand for $TUT, solidifying its status as one of the most sought-after tokens in the BNB Chain ecosystem. Over 1.8 million users have engaged with the educational tutorial linked to the project.
Technical Analysis: Can TUT Maintain Its Momentum?
On the 4-hour $TUT/USDT chart, the 8 EMA has crossed above the 20 EMA ribbon near the $0.028 level, which shows signals strong upward momentum and a potential long opportunity for traders. However, the Ichimoku Cloud, a key trend-identifying tool, indicates that $TUT must break above $0.0377 to confirm an extended bullish move. Meanwhile, the Supertrend indicator has flipped green and is currently positioned above the price, suggesting that bullish momentum might still be intact. If this trend continues, $TUT could push toward the $0.06 resistance level, a key barrier it struggled to surpass on March 20.
Potential Correction on the Horizon?
Despite the bullish sentiment, $TUT remains a meme coin, a category known for volatility. Historically, such assets tend to experience sharp corrections, often retracing 40-60% following significant rallies. Supporting this possibility, CoinGlass data indicates that $TUT’s funding rate is negative, suggesting that many futures traders anticipate a severe pullback in price. For investors considering an entry point, waiting for either a price correction or a confirmed breakout above resistance may be a smart move before accumulating a position.