TUT's Meteoric 183% Surge Triggers Short Squeeze and Speculation

TUT's price surge of 183.3% over the past 24 hours has drawn attention from the crypto community, marking one of August's most dramatic token rallies.

The catalyst was the launch of TUT perpetual contracts on Aster DEX, a decentralized exchange that has become a hotspot for leveraged trading.

This new venue unleashed fresh speculative capital and sparked a short squeeze, forcing rapid buying that drove TUT's price from $0.038 to $0.1087 by August 8.

Market observers attribute the surge to leverage-driven moves, distinct from organic, fundamental-driven price increases.