AltLayer’s ALT token has been listed on various centralized platforms, including Binance, attracting market attention.
In just four hours, the token’s trading volume reached $450 million, according to CoinGecko data. This remarkable performance has propelled the token’s diluted valuation to around $3.2 billion, with a max supply of 10 billion tokens. Currently, ALT is trading around $0.32 with a market cap of approximately $360 million, positioning it in the top 250 cryptocurrencies in the ecosystem. Since its listing at $0.006 on Binance, the token has increased by about 5500%. AltLayer was also available on Binance’s launchpool, allowing users to mine ALT tokens by staking other cryptocurrencies in liquidity pools.
AltLayer and its airdrop of over $87 million
Alongside the token launch, AltLayer has opened claims for a significant airdrop. This airdrop includes 300 million ALT tokens, representing approximately $87 million. This is the first tranche, equivalent to 3% of the total token supply. A snapshot taken on January 17 included individuals who staked Celestia, EigenLayer, holders of AltLayer NFTs, and participants in its community campaigns. To date, more than 29,000 wallets have claimed about 100.7 million tokens, accounting for 33% of the total airdrop amount.
