LAYER Token Surges 7.96% on Binance as 6M Airdrop Fuels $18.6M Trading Volume

Solayer (LAYER/USDT) on Binance recorded a notable 7.96% price increase over the past 24 hours, rising from a 24h open of $0.6499 to a current price of $0.7016. This upward movement is primarily attributed to recent positive developments, including the announcement and distribution of the second Solayer airdrop, where 6 million LAYER tokens were allocated to eligible BNB holders, as well as confirmation of an additional 20 million LAYER tokens set for future distribution. These events have likely increased market interest and trading activity, reflected in the substantial 24h trading volume of $18.64 million. The circulating supply stands at approximately 210 million LAYER, with the market capitalization at $131.63 million. Overall, the market has responded positively to the ongoing token distribution initiatives, supporting both price appreciation and active trading.