Binance Launches Open Loot Airdrop, Sparking Market Volatility

Binance has executed an airdrop program for its users, distributing 16 million Open Loot (OL) tokens to those with sufficient Alpha points. This strategic action aims to solidify Binance’s position in the crypto market by expanding access to innovative tokens and driving user engagement. 📈 💰 💥 While the airdrop has increased trading activity on the platform, immediate volatility was observed as traders took advantage of the sudden influx of OL tokens. The market reacted quickly to this event, leading to price selloffs that were visible in OL token trades.