What to Know:
- Eligible users can check MMT airdrop allocations at airdrop.mmt.finance.
- Up to 90% of rewards will be in veMMT tokens, unlocking soon.
- Binance has listed MMT across Earn, Convert, Margin, and Futures platforms.
Today is a big day for the Momentum (MMT) community. Airdrop allocations are now live for all eligible users and in parallel, Binance, along with other major exchanges like Upbit, Gate, are listing MMT across several of its services, making the token widely available for buying, trading and earning.
What is Momentum?
Momentum is a project built around a decentralized exchange called Momentum DEX, which runs on the Sui network and uses the Move programming language. According to its listing data, Momentum has over 2.1 million users and $600 million+ TVL.
Its token, MMT, is used for governance and incentives within the ecosystem. The team emphasises that it wants to bring a simpler, powerful DeFi experience: deep liquidity, low fees, and a community-driven model.
Momentum stands out for their strong community and user base early in its lifetime, thanks to liquidity campaigns and “builder” support. And Institutional backing. The project raised early, had community-first token sale models and no vesting for some participants an unusual move that signalled confidence. Momentum aims to expand beyond just a DEX, into a broader “financial operating system” for tokenised assets.
What’s Happening
If you’re eligible, you can check your allocation right now on their site. The project notes that in most cases up to 90% of the user allocation will be in “veMMT” tokens, which will be visible in the next couple of days. The “ve” prefix often signals locked or vote-escrowed tokens, meaning they may have long-term utility or benefits for stakers. The team says to “stand by for an announcement.”
For eligible users, this is a moment to check your allocation, understand the split especially veMMT portion and decide your strategy. For the community the listing and airdrop enlarge the ecosystem, bringing in new users and liquidity. But it also puts pressure on the project to deliver: engagement must stay strong, and the utility of veMMT needs to become clear.
Binance is rolling out MMT across multiple of its services, including: Simple Earn (Flexible Products), Buy Crypto page. Trading MMT against pairs such as BTC, USDT, etc., with zero fees will also be available today, within an hour of listing Margin with MMT/USDT and MMT/USDC pairs on both Cross and Isolated Margin and Futures where a USD-MMT Perpetual Contract goes live with up to 50× leverage.
MMT Price action
MMT has dropped about 16.17% in the last 24 hours, compared to the rest of the crypto market, which has dropped about 4.29%. MMT is currently trading at about $0.4139. Some of the most important factors are: A post-listing sell-off happens when projects list on big exchanges and early holders sell to lock in their profits. Airdrop supply: When a lot of people get tokens, there are more of them on the market, which can make prices go down. For Momentum, data shows that the price broke through initial support levels and the trading volume went up, which suggests that people were taking profits. In the next few days, investors should keep a close eye on how the token holds up above its previous support level, which was around the pre-listing price. If it doesn’t work, things could get worse. If it does, it could be a base for recovery.
Final Thoughts
Today marks a turning point for Momentum. With the airdrop live and Binance listing underway, MMT is now on a bigger stage. That brings both opportunity and risk. If you’re an investor, keep your eligibility checked, understand the terms, and monitor how the token behaves in the market.
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