The $TOWNS token has recently gained significant traction across major trading platforms, notably following its official listing on Binance on August 5, 2025. Binance introduced TOWNS across Spot, Margin, Convert, Simple Earn, and Futures, accompanied by a large-scale airdrop of approximately 305.8 million TOWNS tokens to $BNB holders, representing about 3% of the genesis supply.
Within 24 hours of the listing, trading volumes on #Binance surged past $500 million, with TOWNS quickly becoming one of the most actively traded assets. Despite this impressive liquidity, the token experienced high volatility, with its price plunging from highs near $0.0888 to approximately $0.04, reflecting the common post-listing price correction pattern observed with new tokens. Binance labeled TOWNS with a "Seed Tag" to caution traders about the potential risks associated with its early-stage volatility.
Simultaneously, #BingX expanded its trading offerings by listing TOWNS/USDT Perpetual Futures, providing traders with additional flexibility to engage in leveraged trading strategies. Perpetual futures on platform allow users to hold long or short positions without expiry, offering sophisticated traders an avenue to hedge or speculate based on TOWNS' price movements. the platform supports low trading fees, fast execution speeds, and a user-friendly interface designed to accommodate both novice and experienced futures traders.
The listing of TOWNS Perpetual Futures on BingX coincides with the token's heightened visibility and active trading on Binance, giving users on both platforms opportunities to participate in TOWNS’ market activity through different trading instruments. While Binance focuses on spot and futures trading with promotional campaigns like the 35 million TOWNS Trading Challenge, it emphasizes flexible futures trading with advanced order types and risk management tools.
