Fuel Network (FUEL)$FORTH $USUAL $XLM

Fuel Network — a project built as an Optimistic rollup on Ethereum. It has its own cryptocurrency under the ticker FUEL. Today, a token generation event (TGE) took place in its network.

The team behind the crypto project also announced that it will distribute 10% of the total FUEL supply as part of an airdrop. This is how Fuel Network plans to reward its early users.

The FUEL token debuted at around $0.069, but has since corrected to $0.05289 at the time of writing. Thus, the drop over the past day has been nearly 20%. This decrease may be related to the overall decline in the altcoin market.

Currently, the market capitalization of the token has almost breached the $200 million mark. With buyer support, this figure will continue to grow. However, if sellers continue to dominate the FUEL market, the decline may prolong.