Why did the price $OPEN rise sharply?

1. Listing on Binance and Airdrop from Binance HODLer

The token was launched on the mainnet and immediately started trading - this was accompanied by a distribution of 10 million tokens as part of the Binance HODLer airdrop, which led to a rapid price increase of +200 %.

2. Increased interest and hype around the OpenLedger infrastructure

Alongside the listing on Binance, an Airdrop+ with a prize pool of $90,000 in OPEN tokens and 15,000 USDT was organized on the MEXC exchange - this also fueled demand.

The company positions OPEN as an ecosystem token for the AI blockchain: it is used for gas, rewards, governance, and staking.

3. Fundamental factors (tokenomics)

As with other cryptocurrencies, the price is determined by the basic law of supply and demand: the greater the demand, the higher the price; high issuance can lower it.

Liquidity, marketing attention (e.g., news, media mentions, or social media), and the token lock-up period (vesting) are also important, as they affect the stability and availability of tokens for sale.