While Bitcoin fell below $120,000, sinking nearly 5% overnight to $116,800, certain altcoins have shown significant strength, none more so than Turbo crypto.
The Ethereum-based meme coin has not only held firm in the face of Bitcoin’s slip, but it has also posted gains of around 2.5%, surging in the opposite direction to most of the crypto market.
The Bitcoin OG with 80,009 $BTC($9.46B) seems to be selling $BTC!
In the past hour, they transferred 9,000 $BTC($1.06B) to Galaxy Digital—likely preparing to sell through their services.https://t.co/HDOrGt7zWO pic.twitter.com/MDkXySZpd9
— Lookonchain (@lookonchain) July 15, 2025
DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025
Turbo Crypto Up 2.5% As Bitcoin Slides 5% Amid Dormant Whale Selling 80,000 BTC
The crypto market slide has been orchestrated by the dormant Bitcoin wallet holding 80,000 BTC ($9 billion), which is beginning to offload, causing Bitcoin to drop nearly 5%, down to $116,800.
So far, the whale wallet has moved 9,000 ($1.06 billion) BTC to the OTC trading platform, Galaxy Digital, with unsubstantiated rumours that over 21,000 BTC has already been sold across various exchanges.
There is no official confirmation on how much of the 80,000 BTC has been sold, but on-chain sleuths are tracking exchange order books and the Bitcoin mempool to gather as much information as possible on the movement of the coins.
As of right now, BTC has slipped nearly 5% based on the movements of the 80,000 Bitcoin wallet, causing panic across the market. If assumptions are correct and the OG whale begins selling off their multi-billion-dollar stack, there could be a larger-scale crash across the market.
However, it remains to be seen whether any potential crash for Bitcoin will carry over to the altcoin market, as technically, an OG whale selling billions in BTC doesn’t affect any other digital asset.
Turbo Crypto seems to be the prime example right now, as it has climbed nearly 3% in the face of the OG whale Bitcoin drama. The Ethereum-based meme coin is showing incredible strength and appears poised to break out on a larger scale.
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TURBO Trading Volume Spikes Ahead Of A Possible Breakout
(SOURCE)
One sign that Turbo crypto appears poised to explode is the significant surge in trading volume over the past few days. TURBO has a market cap of $366 million, while its daily trading volume has surged to $500 million since yesterday.
The disparity between the trading volume, which is significantly higher than the market cap, highlights the demand and appetite for one of Ethereum’s leading meme coins.
TURBO has been around since May 2023 and has experienced the typical highs and lows of the meme coin space. It hit $0.0142 in December 2024, which put its market cap at $930 million, just shy of that coveted $1 billion level.
It is currently trading at $0.0053, 62% down from its December highs, and the recent surge in volume and demand for TURBO crypto is leading many to believe a breakout is on the way.
This latest spike in price for TURBO has led to it breaking out above resistance on a 1-week timeframe. As long as it can hold above $0.005, TURBO crypto looks set to maintain its low-timeframe bullish trend, which was formed at the end of June.
BONUS: Snorter Bot (SNORT) Hits $1.8 Million In Presale Funding – This Telegram Trading Bot Is All You Need To Find The Next 1000x Play
Snorter Bot (SNORT) is experiencing a surge in hype following its $1.8 million ICO investment to date, with $2 million looking increasingly likely before this week comes to an end.
It is a brand-new Telegram trading bot for Solana, aiming to take the top spot with market-leading low trading fees and super-fast speeds.
While initially launching for Solana trading only, Snorter Bot is multi-chain-ready, a feature that BONKbot currently doesn’t offer. SNORT will likely be available for trading on Ethereum, Binance Smart Chain, Avalanche, and other leading blockchains before long.
Having multi-chain capabilities gives Snorter Bot an edge on the likes of BONKbot and Trojan, both of which are exclusively built for Solana trading. This limits the upside potential for users and, as a result, its revenue, whereas Snorter Bot has no limit once it begins launching across multiple networks.
Holders of the SNORT token will have access to market-leading trading fees of just 0.85%, which outperform those of Trojan, Maestro, Banana Gun, and BONKBot.
Even for those who don’t choose to hold the SNORT token, trading fees will be just 1.4%, and it is still competitive among its competitors. However, it would seem silly not to have the Snorter token and take advantage of those market-leading fees.
It has raised over $1.6 million in just over a month since its ICO went live, with investors eager to secure a bag of this cutting-edge trading tool at early-bird prices, leaving $2 million as the next funding milestone for SNORT.
Snorter Bot has built-in MEV protection, an innovative sniper tool, and a copy-trade function. It allows users to follow their favourite wallets and influencers into the trenches.
Investors seeking a passive income opportunity on their SNORT presale bag can stake their tokens for a lucrative 205% APY. This gives SNORT investors a juicy yield on their presale bag while they sit back and wait for the ICO to come to an end.
Visit SNORT HereEXPLORE: Best Meme Coin ICOs to Invest in 2026
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