12 LISTA Airdrop Recipient Entities Release 25 Million Tokens!

Bittime - LISTA tokens have just been distributed via LISTA airdrop and are taking the floor on a number of crypto exchanges. Interestingly, LISTA prices immediately shot up 37%. However, there is something strange behind this increase.

LISTA airdrop is unique. As much as 59% of the total LISTA tokens were given to 12 specific entities. This means, approximately 31.1 million LISTA tokens were distributed to 12 recipients. Uniquely, in the last 20 hours, most of these tokens have changed hands.

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According to Spot On Chain, 25 million LISTA tokens, worth around IDR 276.8 billion, have been “dumped” to decentralized crypto exchanges ( DEX ) or deposited to leading crypto platforms such as Binance and Bitget. This became a sizable liquidity event for LISTA, affecting trading volume and market sentiment.

Also read: LISTA Airdrop Claims Reach 31.1 Million, Will LISTA Price Continue to Strengthen?

LISTA Token Release Raises Questions

This release of large amounts of LISTA tokens to DEXs and CEXs (centralized crypto exchanges) raises many questions. Is this the market's spontaneous response to the airdrop? Or tempting trading opportunities for token recipients?

Crypto analysts are watching this development closely. They wanted to understand the impact on token price stability and investor interest in LISTA.

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On the one hand, distribution of tokens to certain entities could be a strategy to strengthen LISTA in the crypto market. On the other hand, the act of releasing large amounts of tokens by recipients can create uncertainty. 

Will LISTA price hold? Only time that can answer. What is certain is that crypto players need to pay close attention to these developments before making investment decisions.

LISTA's Latest Price Movements Are Adding Confusing

While analysts are still looking for a common thread in the controversial airdrop distribution, LISTA's price movements are increasingly confusing. As of Friday (today), the price of LISTA was recorded to have fallen 28.87% in the last 24 hours, to $0.59 (around Rp. 9,650) per token. 

Compare this with the highest post-airdrop price which reached around $0.83 (around Rp. 13,600). LISTA's market capitalization has currently shrunk to around IDR 136.6 billion.

This drastic price drop could be influenced by the action of releasing tokens by airdrop recipients. However, there has been no official confirmation regarding this.

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Cara Beli Crypto di Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the Complete Guide on How to Buy Crypto at Bittime. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

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Lista DAO: Definition, Destablecoin lisUSD, and its history

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.