Binance Alpha Hosts Redacted’s RDAC Token Airdrop, Strengthening Its Airdrop Market Leadership

Redacted’s RDAC token, part of its startup accelerator ecosystem, has launched its first airdrop on Binance Alpha, further solidifying Binance’s dominance in the airdrop space. The token offers access to Web3 platforms and staking rewards, with trading set to begin on May 13, 2025. Eligible users with 205+ Alpha points can claim 482 RDAC tokens.

Redacted’s RDAC Token Launches Airdrop on Binance Alpha

Redacted’s startup accelerator ecosystem introduces RDAC, a token enabling access to Web3 platforms and offering staking rewards. Binance Alpha, the exchange’s innovation hub, will host the token’s first airdrop, further cementing Binance’s dominance in the airdrop market.

Trading for RDAC begins May 13, 2025, at 10:00 UTC. Eligible users with 205+ Alpha points can claim 482 RDAC tokens. Binance continues to lead the airdrop space, with recent campaigns driving $2.8 billion in Alpha trading volume.

Dogecoin Price Consolidates Amid Whale Activity Surge

Dogecoin’s recent 50% rally has stalled NEAR the $0.25 resistance level, with the memecoin consolidating for three consecutive days. Market participants are closely watching this pivotal zone as on-chain data reveals heightened whale activity and bullish trader positioning.

Binance traders show strong conviction, with 75.08% maintaining long positions on DOGE. A decisive daily close above $0.255 could trigger another 20% upward move, according to technical analysis.

IntoTheBlock reports a 41.12% spike in large transaction volume, signaling renewed institutional interest. This surge in whale activity often precedes significant price movements, suggesting potential accumulation at current levels.

Abraxas Capital Acquires $84.7M in Ethereum, Fuels ETH Bullish Trend

Abraxas Capital, a global asset management firm, has significantly expanded its Ethereum holdings during the recent crypto market rally. On-chain data reveals the firm purchased 33,482 ETH worth $84.7 million on May 13, with transactions executed in rapid succession. The largest single acquisition involved $12.18 million in ETH sourced from Binance.

Ethereum’s price surge of 48.73% over the past week, outpacing Bitcoin, reflects robust demand from both institutional and retail investors. At press time, ETH traded at $2,657, according to CoinMarketCap. Abraxas’s aggressive accumulation of 211,030 ETH within six days underscores growing institutional confidence in Ethereum’s market position.

Cryptocurrency Market Rebounds as Bitcoin Nears All-Time High

Cryptocurrencies staged a robust recovery on Tuesday, with the aggregate market capitalization climbing 2% to reclaim the $3.5 trillion threshold. Bitcoin led the charge, rising 3% to $104,800 on Binance before encountering resistance, while Ethereum, Solana, and Dogecoin outperformed other top-tier assets.

The rebound follows Monday’s profit-taking dip to $3.2 trillion, with bullish sentiment fueled by favorable US CPI data suggesting potential Federal Reserve rate cuts. Trading volumes for Bitcoin reached $33 billion during the resurgence, signaling strong institutional participation.