NEWT Token Surges 14% Amid Binance Futures Challenge and $12.5M Airdrop-Driven Volatility

NEWTUSDT experienced a strong price increase of 14.31% over the past 24 hours, rising from 0.3563 to 0.4073 on Binance. This upward movement follows heightened trading activity and renewed interest driven by Binance’s ongoing NEWT USDT-margined futures trading challenge, which features a 500,000 NEWT prize pool and is attracting significant user participation. Additionally, the recent completion of a $12.5 million airdrop for BNB holders and the token’s high-profile listings on major exchanges have contributed to elevated volatility and speculative trading. After an initial price correction post-launch, the token appears to be stabilizing as the market digests the increased circulating supply and as long-term holders begin to enter. Current trading volume remains high, reflecting continued market engagement and price discovery for the asset.