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Binance’s Airdrop Strategy Triggers 25% Plunge in Cross Token

Binance’s Airdrop Strategy Triggers 25% Plunge in Cross Token

Published:
2025-11-13 06:15:23
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The Cross Protocol token experienced a sharp 25% decline, dropping from $0.1275 to $0.09563, following Binance's announcement of an airdrop. The sell-off was driven by Binance's airdrop mechanics, which required users to hold 230 Alpha Points to claim 320 free tokens, with the threshold decreasing by 5 points periodically. This created a frenzy among traders looking to qualify for the airdrop, leading to heightened short-term volatility. The event underscores the significant impact exchange-driven incentives can have on token prices, particularly in the highly speculative cryptocurrency market. As of November 13, 2025, the Cross token remains under pressure as the market digests the aftermath of the airdrop frenzy.

Cross Token Plummets 25% Amid Binance Airdrop Frenzy

The Cross protocol token has suffered a dramatic 25% price collapse, now trading at $0.09563 after falling from $0.1275. The sell-off coincides with Binance's announcement of a Cross Protocol airdrop—a MOVE that typically triggers short-term volatility.

Binance's airdrop mechanics fueled the downturn. Users needed 230 Alpha Points to claim 320 free tokens, with the threshold decreasing by 5 points periodically. This created a rush to claim and immediately sell the tokens, driving trading volume up 456.91% to $15.53 million within 24 hours.

Market dynamics suggest the airdrop follows a classic dump pattern. Recipients overwhelmingly liquidated their free tokens for quick profits, exacerbating the price decline. The event highlights the delicate balance between exchange-led incentives and token stability.

TON Station Daily Combo Offers SOON Points Incentive for November 13, 2025

TON Station's daily combo challenge for November 13, 2025, presents players with an opportunity to earn SOON points by guessing a four-card combination. Successful participants can convert these points into $TON tokens, leveraging Telegram's gaming interface. The feature eliminates guesswork for seasoned players through predefined combo leaks.

Binance Word of the Day promotions are highlighted as complementary earning avenues. Daily combos remain a high-reward mechanism within Tonstation's ecosystem, though the article truncates before detailing current incentives.

|Square

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