Thena (THE) token price up 500% after Binance announces listing

The price of Thena (THE), a liquidity layer built on the BNB Chain and opBNB, surged an impressive 500% within 24 hours following Binance’s listing announcement.

The development has sparked widespread excitement among crypto enthusiasts and traders.

Binance listing drives Thena (THE) price up

On November 26, Binance revealed plans to list the THE token, triggering a dramatic price spike.

The announcement fueled optimism among investors, with expectations of enhanced liquidity and market reach for the token.

Source: CoinGecko

Binance plans to offer trading pairs such as THE/BTC and THE/USDT, expanding accessibility and visibility for the token.

As one of the leading cryptocurrency exchanges, Binance’s support is a major milestone, positioning THE for broader adoption in the decentralized finance (DeFi) sector.

Surging metrics highlight THE’s growing traction

Currently trading at $1.17, THE’s price has increased 500% in the past day, with intraday volatility ranging from $0.20 to $1.26.

Over the last week, the token has recorded a 550% rise, propelling its market cap to $54 million. The 24-hour trading volume stands at $27 million, reflecting robust interest from the market.

Major exchange listings often catalyze token growth. For example, DEGEN saw its price climb by 40% following a similar announcement. As THE prepares for its Binance debut, its momentum suggests continued upward potential, solidifying its position within the competitive crypto ecosystem.

With the listing date approaching, THE’s trajectory signals growing investor confidence and sustained market interest, making it a token to watch in the coming weeks.

Launched in 2022, Thena is a community-focused decentralized exchange (DEX) and liquidity layer built on the BNB Chain and opBNB, a Layer-2 scaling solution leveraging the Optimism OP Stack.

On September 26, Thena secured a strategic grant from BNB Chain to develop its innovative SocialFi platform, THENA ARENA.

In a November 26 announcement, Binance revealed plans to distribute 7% of Thena’s maximum token supply of 310,000,000 THE through its Airdrops Portal.

The airdrop targets users who subscribed their BNB to Binance’s Simple Earn Flexible or Locked products between November 6 and November 13.

THE, a BEP-20 utility token, is designed to grow alongside Thena’s ecosystem and the broader crypto market.

The token facilitates decentralized governance and can be used for yield farming, liquidity provision, and accessing various decentralized finance (DeFi) applications within the BNB Chain ecosystem.

Eligibility and distribution details

To qualify for the airdrop, users must complete Binance’s Know Your Customer (KYC) verification and reside in eligible jurisdictions.

The airdropped tokens will be automatically transferred to spot wallets ahead of Thena’s official listing on Binance, scheduled for November 27.

Supported trading pairs will include THE/BTC, THE/USDT, THE/BNB, THE/FDUSD, and THE/TRY.

Residents of countries such as Australia, Canada, the U.S., the UK, Japan, New Zealand, and other restricted regions, are excluded from the airdrop due to subscription ineligibility for Binance’s financial products.

Binance’s airdrops initiative aims to retroactively reward users based on their historical BNB balance snapshots. The campaign debuted in July with Banana Gun (BANANA) as its first featured project.

With its focus on innovation and community-driven growth, Thena continues to strengthen its position in the DeFi landscape, offering promising opportunities for token holders and ecosystem participants.

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