AltLayer (ALT) token surged 5,380% following an airdrop and listing on Binance.
ALT token on Binance rose 5,380% from $0.006 to $0.3288 in minutes. AltLayer's six-day farm schedule and airdrop preceded the explosion. Binance quickly integrated ALT into easy earning and conversion, with margin, futures and auto-invest plans.
Unsurprisingly, AltLayer's native token, ALT, has seen an unprecedented surge on the Binance trading platform, soaring an impressive 5,380% within minutes of its listing.
This meteoric rise comes hot on the heels of a successful six-day farm program and strategic airdrop that catapults AltLayer into the crypto world's attention.
AltLayer (ALT) explosion
AltLayer's ALT token, designed for decentralized blockchains, opened for trading on Binance at $0.006. However, the crypto asset defied all expectations and quickly traded at $0.3288 to reach $43.78 million in less than a minute.
Screenshot of AltLayer price on Binance The increase reflects strong market interest and confidence in the AltLayer protocol.
This unprecedented development on Binance is the culmination of a six-day farming program that ended last Friday, offering 500,000,000 ALT tokens via airdrop. During this period, participants deposited their BNB and FDUSD tokens into different pools. Following the farming program, ALT was listed against various pairs, including Bitcoin, BNB, TRY and stablecoins USDT and FDUSD.
AltLayer's Binance integration
Binance recognized AltLayer's potential and quickly integrated ALT into its Easy Income and Exchange services. This move is designed to increase ALT's accessibility and usability to a wider range of users. Binance also has big plans to include ALT in its Margin, Futures and Auto-Invest services between January 25th and January 27th, a significant step in the token's journey.
AltLayer's unique concept of “Restaked Rollups”, which reinforces the security and crypto-economic end of rollups from different software stacks, is a testament to AltLayer's commitment to addressing the challenges of scalability in the blockchain space.
