Binance Alpha has announced the launch of an airdrop for Peaq tokens for users with specified platform activity. The airdrop is organized in two phases and is drawing attention to the token.
Airdrop Structure for Peaq
Binance Alpha has initiated an airdrop for Peaq (PEAQ) tokens, organized in two phases. The first phase lasts 18 hours, and the second covers 6 hours. Participants must have a minimum of 234 Alpha points to participate, using 15 points per claim. Users have a 24-hour confirmation window on the event page.
Initial Market Responses
Initial market responses suggest a positive reception to the airdrop, with expectations of increased trading activity. Although there have been no official statements from Binance leadership regarding Peaq at this time, historical data indicate potential significant price movements post-listing for similar tokens.
Market Dynamics and PEAQ Price Movements
According to CoinMarketCap, the current price of Peaq is $0.07, with a market cap of $74.79 million. Its fully diluted market cap is $308.74 million, and its 24-hour trading volume has increased by 138.14% to $22.90 million. Over the past 60 days, the price of Peaq has decreased by 58.09%.
Thus, the Peaq airdrop from Binance Alpha not only enhances user activity on the platform but also impacts the market dynamics of the token, potentially predicting its trading volatility.
