The Tutorial (TUT) memecoin saw its price surge by over 1300% in one month, pushing its market cap beyond $130 million. Originally launched from a tutorial video demonstrating how to deploy a token on BNB Smart Chain, TUT hit an all-time high of $0.29 before dropping 44%, resulting in over $44 million in liquidations within 24 hours. Exchange Bitget detected abnormal price movements, implemented risk controls, and announced a compensation plan. BNB Chain also sued a former employee, accusing him of using without authorization the recovery phrase of a wallet created for a training video to launch the memecoin.
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