HOME Token Drops 12% After Binance Listing Surge, 200M Airdrop Spurs Market Adjustment

HOMEUSDT experienced a 12.16% price decline over the last 24 hours, dropping from 0.03019 to 0.02652. This price movement follows a period of heightened activity driven by the recent Binance listing, the launch of HOME/USDT and HOME/USDC spot and margin pairs, and the distribution of 200 million HOME tokens to BNB holders as part of the Binance HODLer campaign. The initial surge in trading volume and price was likely fueled by increased exposure and demand following these events, as well as the rapid adoption of the DeFi App’s HOME token across major platforms. However, the subsequent price correction appears to reflect profit-taking by early recipients of the airdrop and the market’s adjustment to the increased circulating supply, with 2.72 billion tokens now in circulation. Overall, HOME remains a notable entrant in the DeFi sector, with strong initial trading activity and significant community incentives, while the broader crypto market has seen a 3.65% decrease in total market cap and continued volatility among major assets.