- Binance Wallet dominates swaps with 95% volume, fueled by Alpha’s airdrop push
- Early Alpha tokens SHELL, HYPER, and PARTI post gains up to 27 times in value
- Strong liquidity and support levels hint at further upside for Alpha-distributed tokens
Binance Wallet has emerged as the dominant player in swap activity, capturing nearly 95 percent of volume among crypto wallets. According to analyst Ali Martinez, the surge can be traced to Binance Alpha’s aggressive airdrop program.
The platform has executed over 100 airdrops, distributing more than 140 million tokens, with the average user receiving roughly $6,696 in value. This initiative has not only increased participation but also pushed several projects into the spotlight with impressive market performances.
Airdrops Driving Market Momentum
The results of these airdrops are becoming increasingly evident. Projects like MyShell (SHELL), Hyperlane (HYPER), and Particle Network (PARTI) have transitioned from Alpha distributions to spot listings with strong gains.
Related: Binance Overhauls Its “Alpha Airdrops” Program Following the Collapse of the ZKJ Token
SHELL has grown over 27 times, HYPER more than 18 times, and PARTI nearly 14 times, demonstrating that these early incentives are producing lasting momentum. Consequently, traders and investors are now closely watching Binance Alpha as a launchpad for potentially high-growth tokens.
MyShell (SHELL): Consolidation With Cautious Optimism
SHELL is currently trading around $0.1317 after fluctuating between $0.127 and $0.1391. The token has shown resilience above the $0.13 level, but limited volume growth signals weaker conviction behind the upward move.
Key support lies at $0.127, while a breakout above $0.137 could push the price toward $0.14 and beyond. With a market cap of $39.4 million and circulating supply at 30%, SHELL remains a volatile but attractive small-cap play.
Hyperlane (HYPER): Strong Activity, Cooling After Rally
HYPER is consolidating near $0.3383 after an early rally reached $0.3720. Support is firm at $0.3225, with resistance between $0.355 and $0.372.
Trading volume surged by more than 250% in 24 hours, underscoring intense market interest. Despite a retracement, the token maintains a bullish outlook if it can reclaim higher resistance levels.
Particle Network (PARTI): Holding Steady With Solid Liquidity
PARTI trades at $0.1765, showing steady strength after recovering from intraday lows near $0.171.
Liquidity remains robust with a healthy volume-to-market-cap ratio of nearly 40%, suggesting further upside potential. Resistance at $0.180 and $0.185 will be critical for confirming a bullish continuation.
Related: What’s Next for $PUFFER and $MOODENG After Binance Alpha Spotlight?
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Source: https://coinedition.com/binance-wallet-hits-95-swap-dominance-fueled-by-a-140m-token-airdrop-program/