The cryptocurrency world is abuzz as Wayfinder’s native token, $PROMPT, experiences a significant surge. Following its launch on April 10, the token’s price skyrocketed over 156% in a single day, capturing the attention of investors and traders alike. Currently trading at $0.4449, $PROMPT boasts a market capitalization of $101.54 million and a 24-hour trading volume of $412.01 million.
Binance Futures Listing Fuels $PROMPT’s Rally
The turning point for $PROMPT came with its listing on Binance Futures on April 11. Prior to this, the token had dipped to an all-time low of $0.1072. However, the Binance Futures debut reignited interest, propelling the price to a new high of $0.5983. This move not only boosted trader confidence but also significantly increased the token’s exposure in the crypto market.
Airdrop Exploited by MEV Bots, Prompting Swift Response
Amidst the excitement, Wayfinder’s community airdrop faced challenges. An MEV (Maximal Extractable Value) bot exploited the airdrop claim contract, front-running legitimate users and capturing tokens before rightful claims could be processed. This incident led to user losses estimated at 120 ETH (approximately $200,000).
In response, Wayfinder’s airdrop management team promptly paused the airdrop process and assured affected users of full compensation, including gas fees and missing tokens. The team emphasized that the smart contract itself wasn’t compromised, but the exploit highlighted vulnerabilities in high-traffic airdrop scenarios.
Airdrop Distribution: Engaging the Community
Wayfinder’s airdrop strategy aims to distribute 40% of the total $PROMPT supply to the community:
- 39% allocated to $PRIME stakers, incentivizing long-term engagement.
- 1% reserved for new user sign-ups, promoting inclusivity.
- 5 million tokens dedicated to Kaito AI’s Social Mission, supporting content creators and community builders.
Participants can maximize their rewards by staking $PRIME tokens, engaging in platform activities, and completing community missions. The airdrop plan is structured in phases, with the current phase focusing on early engagement and staking rewards.
$PROMPT Price Outlook: What Lies Ahead?
Analyzing the 15-minute chart from MEXC, $PROMPT exhibits strong upward momentum. After rebounding from $0.10, the token surpassed $0.30 and reached a high of $0.48 before stabilizing around $0.4449.
Short-term moving averages (5, 10, and 20-period) indicate a bullish trend. If $PROMPT breaks above the next resistance at $0.48, it may target $0.52. However, increased selling pressure could see support levels at $0.36, with further corrections potentially bringing it down to $0.30 or even $0.22.
Conclusion: Navigating the $PROMPT Landscape
Wayfinder’s $PROMPT token has demonstrated resilience and potential amidst challenges. From airdrop exploits to significant exchange listings, the token’s journey reflects the dynamic nature of the crypto space. As the community grows and engagement8 increases, $PROMPT remains a token to watch in the evolving Web3 ecosystem.
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