NEWT is a relatively new cryptocurrency that launched in June 2025. At its peak, the token hit about $0.83 shortly after being listed on major exchanges like Binance and Coinbase. Since then, the price has dropped and now trades around $0.31. The total supply is capped at 1 billion tokens, with roughly 215 million currently in circulation.
What Happened After Launch?
Like many tokens that launch with large airdrops, NEWT saw a lot of early selling pressure. Many users who received the free tokens sold quickly, driving the price down. This kind of volatility is typical for new tokens, especially when a big portion is given away upfront.
What Is It Used For?
NEWT is designed to power a decentralized automation platform. You can use it to pay fees, stake it to support the network, or participate in governance decisions. The tech behind it combines zero-knowledge proofs and secure hardware, which helps ensure tasks carried out on-chain are both private and verifiable.
Who's Behind It?
The project is being built by Magic Labs and has received funding from major players like PayPal Ventures and Polygon. There’s around $90 million in backing so far. One of the standout features is how transparent the team has been with token distribution and vesting schedules—something that builds confidence among investors.
The Upside and the Risks
Why it could do well:
• Unique use case focused on automation
• Good exchange access and liquidity
• Strong backing and clearly defined token roles
What to watch out for:
• It's still early—real-world adoption is limited so far
• Prices are volatile, especially after the airdrop
• Like any new crypto project, long-term success isn’t guaranteed
Bottom Line
NEWT shows promise, especially if the team can build real adoption around its automation tools. For now, it’s a speculative bet. If you’re thinking short term, you might look for buy opportunities around $0.30. If you're in it for the long haul, keep an eye on how the tech develops and whether people actually start using it.