Taiko Rises to Top 3 in Binance Alpha Trading Volume… Investor Focus Grows on Major Token Unlock

YM Lee

Summary

Taiko has ranked in the top 3 for trading volume in Binance Alpha, Binance's innovation project support program.
Taiko's 24-hour trading volume has reached approximately $441 million, up 27.76% from the previous day.
A recent major token unlock and the influence of a trading competition have led to increases in trading volume, market capitalization, and liquidity.

Taiko (TAIKO), a developer of Ethereum (ETH)-based rollup solutions, has reached the third spot in trading volume on Binance Alpha, the global cryptocurrency exchange Binance's innovation project support program.

As of the 9th, according to CoinMarketCap, Taiko's 24-hour trading volume stands at approximately $441 million, marking a significant 27.76% increase compared to the previous day. Within the Binance Alpha program, Taiko currently ranks third in trading volume, following Polyhedra (ZKJ) and 48ClubToken (KOGE).

Following its Binance Alpha listing on the 30th of last month, a major token unlock worth as much as $42.03 million occurred on the 5th (local time), alongside an ongoing trading competition running through the 14th. These events appear to have drawn considerable investor attention.

A representative from Taiko stated, “The results from the Binance Alpha trading competition were very positive, and with the recently conducted token unlock, trading volume, market capitalization, and liquidity have all noticeably increased.”

TAIKO