What you need to know:
- Eligible users can view their MMT airdrop allocation at airdrop.mmt.finance.
- Up to 90% of the rewards will be provided in veMMT tokens and will be unlocked soon.
- Binance lists MMT across its acquisition, conversion, margin, and futures platforms.
Today is a big day for the Momentum (MMT) community. Airdrop allocations are currently valid for all eligible users, and in parallel, Binance has listed MMT on several of its services, along with other major exchanges such as Upbit and Gate, making the token widely available for purchase, trading, and earning.
What is momentum?
Momentum is a project built around a decentralized exchange called Momentum DEX that runs on the Sui network and uses the Move programming language. According to listing data, Momentum has more than 2.1 million users and a TVL of more than $600 million.
Its token, MMT, will be used for governance and incentives within the ecosystem. The team emphasizes that they want to offer a simpler and more powerful DeFi experience: deep liquidity, low fees, and a community-driven model.
Momentum stands out for its strong community and user base in its early years, thanks to its liquidity campaign and “builder” support. and institutional support. The project raised early funding, adopted a community-first token sale model, and did not vest some participants, an unusual move that showed confidence. Momentum aims to expand beyond just a DEX into a broader “financial operating system” for tokenized assets.
what’s happening
If you’re eligible, you can check your assignment now on our site. The project states that in most cases, up to 90% of user allocations will be spent in “veMMT” tokens and will be visible within the next 2-3 days. The “ve” prefix often indicates a token that is locked or in voting escrow, meaning it may have long-term utility or benefit to stakers. The team says they are “waiting for the announcement.”
For eligible users, you will need to review your allocation, especially understand the division of the veMMT portion, and decide on your strategy. For the community, listings and airdrops expand the ecosystem and bring in new users and liquidity. But it also adds pressure to deliver the project. Engagement needs to remain strong and the usefulness of veMMT needs to be made clear.
Binance is rolling out MMT across multiple services, including Simple Earn (Flexible Products) and the Buy Crypto page. MMT trading on pairs such as BTC and USDT will also be available starting today with zero fees. Within an hour of listing the MMT/USDT and MMT/USDC pairs on margin, both cross and isolated margin and futures, USD-MMT perpetual contracts will be activated with up to 50x leverage.
MMT price action
MMT has fallen by about 16.17% in the past 24 hours, while other crypto markets have fallen by about 4.29%. MMT is currently trading at around $0.4139. The most important factors are: Post-listing sales occur when a project is listed on a major exchange and early holders sell to lock in profits. Airdrop supply: When more people acquire tokens, the amount of tokens on the market increases, which can cause the price to fall. Momentum data shows that the price has broken through the initial support level and trading volume is increasing, suggesting that people are taking profits. In the coming days, investors will need to pay close attention to how the token can sustain above its previous support level (near its pre-listing price). If that doesn’t work, things can get even worse. If so, it could be your base of recovery.
final thoughts
Today marks a turning point for Momentum. With Airdrop Live and Binance listing underway, MMT is on an even bigger stage. It brings both opportunities and risks. If you are an investor, always check the eligibility, understand the terms and conditions and monitor how the token performs in the market.
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