Cycle Network (CYC) announced its token airdrop via Binance Alpha, requiring 200 Alpha points for participation. This event has drawn the attention of investors and analysts.
Airdrop Launch of Cycle Network Token
The token airdrop for Cycle Network (CYC) began on August 4, 2025, through the Binance Alpha platform. Participation in the airdrop requires users to have 200 Alpha points. The program entails distributing 800 CYC tokens on a first-come, first-served basis. If the reward pool is not fully utilized, the score threshold will automatically decrease by 15 points every hour.
Trading Dynamics and CYC Market Position
According to CoinMarketCap, the current price of CYC is $0.06, with a market cap of approximately $9.75 million. The 24-hour trading volume reached $22.02 million, representing a significant 3,039.36% increase. The data indicates volatility and substantial activity around the CYC token. Experts note that the successful token launch affirms the appeal of point-based trading engagement in creating immediate liquidity.
Major Exchange Listing Announcement
CYC's trading volume increased by 1,147% within the first 24 hours, mirroring similar past launches by Binance. This is seen as a strategic approach to cultivate quick liquidity. Moreover, the announcement of the token's listing on major exchanges, including KuCoin, Bitget, and MEXC, has been confirmed.
The launch of the Cycle Network token and its airdrop have garnered significant attention in the market. Despite volatility, positive trading indicators and the upcoming listing prospects may define the token's future within the crypto industry.
