XTER Price Drops Despite Binance Alpha Listing
XTER Price Dips After Binance Alpha Listing
Binance Alpha, Binance's platform for early-stage crypto projects, recently listed Xterio (XTER). Despite this news, and a concurrent airdrop, the XTER token price fell 15.8% in a single day. At the time of writing, XTER was trading at $0.28.
XTER powers the Xterio Web3 gaming platform, enabling developers to build and launch on-chain games. Binance Labs previously invested $15 million in Xterio in July 2023 to support game development, AI integration, and token expansion.
The Binance Alpha listing included an airdrop of 294 XTER tokens to eligible users who accumulated at least 194 Binance Alpha points. Users needed to claim the airdrop within 24 hours; otherwise, they forfeited it. Claiming required spending 15 additional Binance Alpha points.
Binance Alpha Announces SOON Listing and Airdrop
Binance Alpha also announced the listing of SOON tokens, with trading set to begin on May 23, 2025. Like the XTER airdrop, SOON tokens will be distributed to eligible Binance Alpha users, though specific eligibility requirements weren't immediately revealed. The airdrop event page will be published on May 23rd.
SOON is the native token of the Solana Optimistic Network (SOON), a Layer 2 blockchain. Binance Alpha's strategy of combining airdrops with listings has proven effective, driving significant trading volume. According to Dune Analytics, Binance Alpha has reached approximately $12 billion in cumulative volume, with over 25 million transactions.
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Disclaimer: This information is for educational purposes only. Always conduct your own research before making any investment decisions.