The "Binance Effect" was clearly manifested on Wednesday with the rise of #Resolv ($RESOLV .
), a newly listed digital asset, more than 50% after the platform revealed the token as its twenty-first project for HODLer distributions #AirdropBinance . The token's price jumped from a low of $0.2294 to a high of $0.3616, with daily trading volume surpassing $347 million.
The first appearance of the underlying protocol for the stablecoin USR was driven by the official launch of its spot trading at 14:30 UTC, followed by its listing in Binance's famous HODLer Airdrops initiative.
The distribution of HODLer Airdrops from Binance led to an initial increase in demand.
This move came after Binance announced the listing of RESOLV in the HODLer Airdrops initiative, which distributes new tokens to users holding the currency $BNB .
through Simple Earn or On-Chain Yields. Users who held BNB from May 28 to May 31, 2025, became eligible for a share of 20 million RESOLV tokens, representing 2% of the total asset supply.
According to the Binance platform, an additional 5 million RESOLV tokens will be allocated for future promotional campaigns. The initial supply of the token is 155.75 million, equivalent to 15.58% of the total one billion RESOLV tokens.
The Airdrop program operates retroactively. Binance uses historical BNB balances to determine allocations, with a maximum of 4% per user based on the relative BNB holdings in the total pool. Additionally, token rewards are distributed to eligible users' accounts before trading begins.
Sharp increase in trading volume with the price breaking the resistance level.
At the time of writing this report, the price of RESOLV had fallen below $0.25 before rising again above the $0.30 area. It peaked at $0.38, recording its highest level of the day, before a slight decline contributed to stabilizing prices above $0.36. The token closed over 24 hours with a gain of 50.59%, raising its market value to $56.32 million.
The trading volume to market cap ratio for the token over 24 hours reached 610.38%, indicating an exceptionally high turnover rate compared to the traded value. Resolv is now ranked 518th in terms of market cap on CoinMarketCap, maintaining a fully diluted valuation (FDV) of $361.61 million.
RESOLV is currently available for trading against USDT, USDC, BNB, FDUSD, and TRY pairs. The token carries a primary label and remains supported in Binance's Simple Earn and On-Chain Yields programs to qualify in future HODLer reward programs.
Disclaimer: The information contained in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind.
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