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According to Lookonchain monitoring, the Turbo team deposited another 810 million TURBO (9.53 million USD) into CEX two hours ago. Since June 5th, they have deposited a total of 1.5 billion TURBO (17.65 million USD) into exchanges, and each time they sell, the price plummets.

According to reports, the listed Japanese company Metaplanet has rolled out its Bitcoin put options disclosed on October 3rd, adjusting the strike price from $62,000 to $66,000 as the company remains optimistic about the prospects of the world's largest cryptocurrency. Option rollover is a strategy where investors close existing option positions and open new ones with higher strike prices at the same time. Essentially, it is a method of increasing the execution price of an option position. Metaplanet announced on Wednesday that this transaction aims to replace existing Bitcoin with updated strike prices by converting put options into new ones while keeping December 27th as expiration date. Simon Gerovich, CEO of Metaplanet wrote in an X post: "This increases our nominal yield rate for option sales and generates an additional premium of 57.9 million yen, bringing total premium income to 272.5 million yen which will be included in this year's revenue." The company pointed out that margin collateral remained unchanged at approximately $13.8 million sourced from proceeds obtained through exercising stock acquisition rights. Specifically speaking, Metaplanet executed transactions including repurchasing 223 Bitcoin put options with a strike price of $62,000 while selling equal number of put options at a higher execution price of $66,000. The company stated: "This adjustment increased our nominal yield rate by 2.65%, reaching up to 13.40%" and added that it received a total premium overflow amounting to 5.9 BTC.