🚨 AltLayer (ALT) gained more than 20% in today. It was listed on Binance Launchpool. Why it’s increasing?
The popular cryptocurrency experienced a strong surge following its launch earlier this month. Currently trading at $0.4452 with a market cap of $380 million, ALT has seen a weekly increase of approximately 48%.
The price surge is attributed to AltLayer's role in facilitating the distribution of recovery and scaling solutions for Ethereum developers.
Why AltLayer (ALT) is pumped?
AltLayer initiated an airdrop, distributing tokens valued at over $100 million to eligible community members. Compatible with existing scaling networks like Arbitrum, Optimism, and Polygon, AltLayer features a unique "rollup-as-a-service" for custom scaling integrations.
The initial drop included 300 million ALT tokens, slightly below a total value of $100 million.
