YEREVAN (CoinChapter.com) — AltLayer (ALT) token price reached $0.32 on Jan. 26, after a series of fundamental developments like listing on Binance and an Airdrop, which added to the token’s market exposure.
Notably, the ALT trading volumes soared over 40% simultaneously, which could indicate high demand for the altcoin.
Fundamental AltLayer News
Furthermore, AltLayer scored a partnership with Celer Network, which was announced on Jan. 26. The protocol will bridge ALT between Binance Smart Chain and Ethereum.
Meanwhile, the platform experienced difficulties with its X (Twitter) account, which the team called a possible “attack.” In detail, their official account did not reflect any prior tweets, which left the investors hanging, as the Airdrop-related announcements also lagged.
AltLayer team also assured its investors that the problem has been resolved. They apologized and, as compensation, “brought back the AltLayer OG Badge Mint Phase 2!”
Don’t get fooled. Be aware of impersonators pretending to be AltLayer. Please double-check X handles and avoid clicking links below this message.
read the tweet.
More About ALT Airdrop
As mentioned, on Jan. 26, AltLayer, known for its Ethereum scaling solutions, initiated a significant airdrop of its native token, ALT. This airdrop, valued at around $96 million, marked a major event for the project and its community. The distribution included 300 million ALT tokens, allocated to various stakeholders and community members as a part of this initiative.
Plus, users can now claim their Airdrop tokens.
ALT tokens were approximately $0.32 per token during this period. This airdrop was aimed at supporting and incentivizing the AltLayer community, contributing to the wider adoption and utility of the ALT token.
However, it’s important to note that Celestia stakers were initially unable to participate in the airdrop due to technical differences in the claiming mechanism. Still, they remained hopeful for their inclusion in future distributions.
In addition, AltLayer’s token (kALT) scored a listing on KuCoin. The trading began on Jan. 25, and withdrawals became available from Jan. 26. The listing on KuCoin was under the ticker kALT due to a ticker symbol duplication issue, including a trading pair of kALT/USDT.
