LA Token Surges 28% After Binance Spot Listing and Perpetual Contracts Boost Trading Volume

In the past 24 hours, LAUSDT experienced a significant price increase, rising 28.43% to $0.5137 on Binance, with a notable opening price of $0.4000. This sharp upward movement is primarily attributed to the recent spot listing of Lagrange (LA) on Binance, which followed its distribution through the HODLer Airdrops program and transfer from the Alpha Market to Spot Accounts. Additional support for market activity came from the launch of LAUSDT perpetual contracts with high leverage on major exchanges such as Binance Futures, BitMEX, and Bitget, increasing both exposure and trading volume. Despite a delisting of the LAUSDT perpetual contract on Gate.io, which was implemented to protect users from liquidation risks, overall market sentiment and technical analysis indicate renewed interest and volatility, with trading volumes remaining robust across multiple platforms. The current circulating supply is 193,000,000 LA, with a market capitalization around $98.2 million and a fully diluted estimate up to $625.6 million.