ALT Token Jumps 12% After 200M Cross-Chain Swap Fuels ERC20 Liquidity on Binance

ALTUSDT experienced a 12.36% price increase over the past 24 hours, rising from 0.03349 to 0.03763 on Binance. This surge is primarily attributed to the completion of a major cross-chain swap, where 200 million ALT tokens were migrated from BEP20 (BNB Chain) to ERC20 (Ethereum) to address ERC20 liquidity demand, particularly on Binance. The swap involved burning BEP20 tokens and minting an equivalent amount of ERC20 tokens, with all transactions disclosed for transparency and the total supply unchanged. Following this, 200 million ALT were deposited to Binance wallets, coinciding with new exchange listings and a spike in market activity. These developments drove increased trading interest, as reflected in the significant price movement and heightened open interest in ALT futures. Overall, the broader crypto market saw a modest pullback, but ALT outperformed due to its project-specific liquidity actions and exchange-related catalysts.