LAYER Surges 11.92% on Binance as 6M Tokens Airdropped and 20M Released for Liquidity

Solayer (LAYER) has experienced an 11.92% price increase over the last 24 hours, rising from $0.6167 to $0.6902 on Binance. This upward movement is likely driven by recent developments, including Binance's ongoing HODLer airdrop campaign, which distributed 6 million LAYER tokens to BNB holders and announced further upcoming distributions, as well as the release of an additional 20 million LAYER tokens and recent team transfers to Binance for liquidity management. These events have heightened market activity and interest, contributing to increased trading volume and price volatility. The circulating supply stands at approximately 220 million tokens, and technical indicators show high volatility and a neutral market sentiment, with the asset currently showing signs of recovery after recent bearish pressure.