MAV Token Sees 9% Drop After V2 Launch, Fee Cuts, and Major Exchange Listing Boost Activity

MAVUSDT experienced significant volatility over the past 24 hours, with the price declining by 9.36% to $0.04783 on Binance despite recent positive developments. The earlier surge in price and trading volume was driven by the launch of Maverick Protocol’s V2 concentrated-liquidity pools, a 40% reduction in swap fees, a 35% increase in total value locked, and the addition of cross-chain support via Hop Protocol. Further momentum came from large MAV stakes moving off exchanges, a new listing on a major US exchange, and the opening of new liquidity pools on Binance, which initially boosted trading activity and USDT liquidity. However, after reaching higher levels, the token saw a notable pullback, reflecting profit-taking and broader market volatility.

Currently, MAVUSDT is trading at $0.04783 on Binance with a 24-hour trading volume ranging from $80 million to over $230 million across platforms. The circulating supply is approximately 596.43 million MAV, with a market capitalization between $31.3 million and $36.85 million. The asset remains under close watch by investors due to its recent developments and active trading environment.