Why is Tutorial (TUT) down 44.1% Today, August 11? The Post-Spike Unwind Tests Leverage and Turnover

Tutorial (TUT) sold off ~44% in 24 hours, far underperforming the broader crypto market, as a parabolic rally shifted into a high-turnover unwind. Volume (~$121M) exceeding market cap (~$95M) signals intense speculative repositioning and elevated liquidity/execution risk. High holder concentration amplifies sensitivity to flows. Near-term attention centers on whether the token holds key support levels, with volatility likely to remain elevated.