$NEWT

Protocol's 24.5% price surge aligns with airdrop claim deadlines, staking incentives, and altcoin market momentum.

Airdrop claim window closing (July 24) likely reduced sell pressure

25% staking bonus for locked NEWT tokens incentivizes holding

Altcoin rotation fuels speculative interest in smaller caps

The 30-day airdrop claim window closed on July 24, with unclaimed tokens returning to the ecosystem fund (Magic Newton Foundation). This likely:

- Reduced immediate sell pressure from airdrop recipients

- Created urgency among eligible users to claim/stake tokens

- Coincided with a 534% surge in trading volume to $801M

The protocol’s 25% bonus for staking claimed tokens (locked for 30 days) further incentivized supply retention.

Altcoin Season Index surged 122% in 30 days, signaling capital rotation from BTC to smaller caps

BNB’s all-time high (up 7% on July 23) boosted sentiment for Binance-listed assets like NEWT

Fear & Greed Index at 67 (Greed) enabled risk-on trading