ALT Surges 9.29% After 200 Million Token Cross-Chain Swap Boosts ERC20 Liquidity

ALTUSDT rose 9.29% over the past 24 hours, with the current price at 0.03836 USDT, outperforming the broader altcoin market, which has generally been flat or negative. The price increase is primarily attributed to AltLayer’s recent cross-chain swap of 200 million ALT tokens from BEP20 to ERC20, aimed at improving ERC20 liquidity on exchanges; this development was completed without changing the total circulating supply and is verifiable on-chain. Elevated trading activity and positive sentiment around project-specific updates have supported ALT’s rally, even as most large-cap cryptocurrencies remain under pressure following Bitcoin’s recent pullback from all-time highs. Trading volume for ALT has increased alongside price, reflecting heightened investor interest amid a mixed market environment.