My analysis of turtle token — from my own perspective

I have been researching this token for the past few days. I am sharing with you what I have understood by browsing various sources, looking at market data and analyzing trends — in very simple language, from my own perspective.

Turtle token is currently ranked 887, according to the available information on Binance, where it's paired against Bitcoin and USD Tether. Turtle is $0.1225 down about -2.47% recently. Although that might not look like much, there’s a lot of data behind it.

Market capitalization: approximately $18.92 million (≈ 2.31 billion).
Fully diluted market cap: approximately $122.3 million (≈ 14.96 billion).
Circulating supply: 154.7 million Turtle
Maximum supply: 1 billion Turtle
Total supply: 1 billion Turtle
In conclusion, only 15% of the total supply is currently circulating, meaning the price may change upon unlocking or release of tokens in the future.

The volume of the Turtle token in 24 hours was $48.17 (≈ 5.89B), which is about 254% higher than its market cap. This statistic is very important because it proves that the trading activity of the Turtle token in the market is quite good, and many traders are keeping an eye on it.

The Turtle token reached an All Time High (ATH) of $0.3013 and an All Time Low (ATL) of about $0.145. Compared to the current price, the token is trading at less than half of its peak price. As such, if the project develops strongly in the future, the price of the Turtle could realistically double or more.

The idea behind the name Turtle is typically used to represent stability, patience, and long-term imaginative and prescient.

If the project really adheres to that vision and there aren't any essential weaknesses in their tokenomics, then it can be an awesome maintaining token in the long run.

However, I noticed that its Platform Concentration is currently around 9.07%, meaning that about 9% of the total supply is concentrated in the hands of large holders, which could cause a big change in the price in the event of a “whale movement” in the future.

There is not much clear information about the project background of the token yet.

Fully Diluted Market Cap is very high, so the price may come under some pressure when new tokens are unlocked.

Although listed on Binance, the project's own ecosystem or utility needs to be researched thoroughly.

I wouldn't call Turtle Token a "pump and dump" type project right now, because its volume and trading activity are still good. However, I think it is worth paying attention to for a mid-term or long-term hold.

I personally have put it on my "watchlist" and am keeping an eye on its next update or partnership news.

Like all investments, Turtle Token also has risks,
But research, patience, and right-time decisions — these three are the three that create potential. I only shared the information I found from my research. If you want, you can dig deeper yourself, because in the crypto market, "your own research is your own shield".

What do you think about Turtle Token?
Let me know in the comments — maybe I'll learn something new from your thoughts.