Why is Tutorial (TUT) up 55.5% Today, August 10? Heavy Turnover and Short Covering Define the Move

Tutorial (TUT) surged 55.5% amid extremely high turnover (~$695.4M vs ~$185.3M market cap) and reported ~$44M liquidations, consistent with a short-covering, high-churn momentum event rather than a fundamental catalyst. Social attention appears to have reinforced liquidity and volatility. Near-term market impact is concentrated in TUT and related BNB Chain risk appetite, with elevated reversal risk if flow cools.