About $TUT, the most widely circulated claim online is that “the team is completely anonymous and you can’t find anyone.” That claim is wrong—it has real-name developers, but the information is hidden in the project’s own community account, and third-hand popular science articles barely repeat it.

The developer is Yerasyl Amanbek. On August 9, 2026, the official TUT community account posted an origin statement that originally said: “Everything began with a simple tutorial video made by our developer, showing how to deploy a token on BSC.” Third-party exchange educational materials further clarify: he is a blockchain developer who previously helped initiate the Entangle project and has worked at Binance, where he created tutorials explaining how to deploy smart contracts on BNB Chain.

First, draw a clear line: TUT has absolutely no association with Binance’s official tutorial product—no authorization, no partnership. Binance has never acknowledged that TUT is related to its education business. The only verifiable “Binance connection” is a third-party claim that “the author once worked at Binance and filmed tutorial videos.” Kazakhstan’s Forbes reported on this origin with a piece titled “How a Blockchain Teaching Video Turned Into a Multi-Million Dollar Market Value.”

Also be careful to avoid mixing up three names: TST is a test coin derived from another teaching video from February 2025. On February 6, 2025, CZ stated that it is not anyone’s official token. ASTEROID is a meme coin launched in August 2026 by BNB Chain former employees using a tutorial wallet without authorization; BNB Chain has taken legal action. There is no public evidence showing that TUT is associated with either of these coins or that tutorial wallet.

And about the market move this August—the information content matters more than the up/down percentage itself.

On August 6, 2026, Aster DEX listed the TUT perpetual contract (up to 5x). On August 9, TUT hit an all-time high of $0.2903—rising from $0.045 to $0.305 within 24 hours, nearly 6x; then it crashed within a single hour by 44%. In 24 hours, liquidations exceeded $42 million, the highest liquidation volume across the entire network that day. The contract trading volume was $3.34 billion, which was 23 times its market cap of $140.5 million at the time. On-chain monitoring shows about 160 million TUT flowed from Binance to another exchange—about 20% of the total supply by total supply. Over the following week, the price surged at one point by more than 1000%; after market cap climbed to around $160–200 million, it later pulled back. The current price is about -91% from that peak.

A short-squeeze structure combined with the liquidation scale is the kind of signal I care about most when observing low-cap coins—it shows that the distribution of chips and the leverage structure matter more than the price itself.

On fundamentals, there’s also a common misinterpretation to clarify. Some say “there’s no evidence of project-side development activity,” but that’s inaccurate: the official community account was indeed operating in August 2026, posted an origin recap and tokenomics explanation, and claimed its core product is an AI crypto teaching assistant called the Tutorial Agent, including learning rewards, creators earning TUT, governance, and a multilingual roadmap. The correct statement is: there is official operation and product claims, but we haven’t found any publicly available data about product delivery.

The burn mechanism also needs to be added: it’s an “activity-driven” model with no fixed monthly ratio; it depends on on-chain activity volume. During the August 2026 peak, supply decreased by about 864,000 tokens over roughly 5 days, and a cumulative total of about 167 million tokens was removed from the initial supply, accounting for roughly 16.7% of the total.

Regarding circulating supply, there’s another spot that’s easy to be mistaken as a “data conflict.” Binance’s figure is 831 million tokens, while some third-party materials put it at 833.3 million. These numbers aren’t because someone copied it wrong—the difference is exactly the burn amount. They are two ways of describing the same on-chain reality.

On Binance: spot trading launched on March 27, 2025. It followed Binance’s first “Vote to List” community voting process. Under both tallying methods, TUT ranked 8th, with 7,069 votes. The contracts went live earlier—on March 20, 2025, it listed 25x perpetuals. Its labels are Seed, Meme, and BSC.

A concentration metric: the top 100 addresses collectively hold about 99% of the supply—but the main holders here are exchange hot wallets, burn addresses, and liquidity pools, so you can’t read it directly as the market being controlled by a single whale.

Today it’s up 12.2%, up 25% over 7 days, but over 30 days it’s still -60.6%.

This article compiles public information and personal views and does not constitute any investment advice. Data comes from exchange announcements, the project’s official community accounts, and public reports; there may be delays or errors—please verify independently.