Avail (AVAIL) Joins Binance Alpha Amid Price Decline And Surge In Trading Volume

• AVAIL debuts on Binance Alpha with airdrop and trading contest to boost user engagement.
• AVAIL price drops 7.78% while trading volume more than doubles, indicating strong market activity.
• Price chart shows sudden decline and volatility as liquidity and token movement increase sharply.

Avail (AVAIL) has been listed on Binance Alpha, providing users with the opportunity to claim a token airdrop and participate in a trading competition. This change occurs as AVAIL experiences a price drop paired with a rise in trading activity, revealing shifting market conditions.

Binance has introduced AVAIL to its Alpha platform, where eligible users can claim an airdrop of 2,667 AVAIL tokens by using Binance Alpha Points. The airdrop event is arranged in two phases. During the first 18 hours, users holding at least 243 Alpha Points qualify to claim the tokens. The final six hours will allow users with a minimum of 199 points to claim on a first-come, first-served basis until the airdrop pool is exhausted or the event expires.

Were pleased to announce that Avail (AVAIL) has been featured on Binance Alpha.

Each claim consumes 15 Alpha Points. However, Binance requires users to confirm their airdrop claims within 24 hours on the Alpha Events page; failure to do so will result in forfeiture of the tokens. In addition to the airdrop, Binance plans to launch a trading competition for AVAIL, featuring a prize pool of 32.5 million tokens aimed at encouraging active trading.

Market Data Reflects Price Decline Amid Increased Liquidity

As of the press time, AVAIL was trading at $0.02796, marking a 7.78% decrease over the past 24 hours. The token‘s market capitalization fell to approximately $60.35 million, down 7.67%, signaling a decline in investor valuation. Despite this, AVAIL’s trading volume surged by over 100% within the same timeframe, reaching $7.65 million. This increase in volume points to heightened liquidity and greater token movement in the market.

Source: CoinMarketCap

The fully diluted valuation of AVAIL is reported at $293.24 million. The total token supply stands at 10.48 billion, with 2.15 billion tokens currently circulating. The volume-to-market-cap ratio, at 11.68%, reflects active trading relative to the tokens market size.

Price Chart Highlights Volatility and Sudden Decline

Chart analysis shows AVAIL maintaining a stable price close to $0.030 before a sudden drop on June 20. The price fell from around $0.0305 to below $0.028 within a few hours. Following this decline, the tokens price has hovered near $0.0279 with fluctuations. This rapid movement likely results from immediate sell-offs or market reactions, suggesting increased short-term volatility.

In summary, Avails addition to Binance Alpha coincides with elevated trading volumes and a price correction. These factors highlight the active and volatile trading environment surrounding AVAIL tokens at present.

Peter Mwangi is an accomplished crypto news writer with over three years of experience. He is recognized for producing insightful, well-researched content across major crypto publications. As an expert in blockchain technology, digital assets, and decentralized finance, he can uniquely simplify complex topics into engaging, accessible narratives. His strong storytelling and analytical skills, combined with a passion for continuous learning and collaboration, make him a valuable asset to the BlockchainReporter team.