$TUT token triggers $44M liquidations, surpassing Bitcoin and Ethereum combined in 24 hours

The $TUT token on BNB Chain caused over $44 million in futures liquidations within 24 hours, outpacing Bitcoin and Ethereum combined. This followed a volatile price swing where $TUT surged 200% before crashing 44% in an hour, squeezing many short sellers and triggering massive liquidations mostly on centralized exchanges like Binance. Originally created as an educational token, $TUT's sudden trading frenzy highlights the risks of leverage in low-cap altcoins and raises concerns about risk management on crypto futures platforms. Traders remain active as the token’s price stabilizes in a wide range, with uncertainty about future moves.