LEVER Token Surges 8.57% After 13.7 Billion Minted and Pre-Delisting Volatility Shakes Market
LEVERUSDT experienced significant price volatility in the past 24 hours, primarily driven by the recent minting of 13.7 billion new LEVER tokens by LeverFi on June 30, 2025, just before Binance announced it would delist LEVER on July 4, 2025. This unexpected token increase, with no official explanation, led to heightened market concern and a sharp price drop of 14% at one point, as some of the new tokens were sent to other exchanges. However, the latest data from Binance shows a recovery, with LEVERUSDT currently trading at $0.000342, up 8.57% from the 24h open of $0.000315, and maintaining strong trading activity with 24-hour volumes ranging from $13.3 million to $40.15 million across platforms. Despite the recent rebound, LEVER remains highly volatile, with its price down over 13% for the week and 25% for the month, reflecting ongoing uncertainty following the major token minting and upcoming delisting.