LeverFi mints $13.7B LEVER tokens as Binance delisting looms
2025-07-04 05:38:00
Main Idea
LeverFi minted 13.7 billion LEVER tokens ahead of Binance's delisting, raising concerns about token dilution and its impact on LEVER's value, while the team aims to support growth initiatives like AI developments and staking rewards.
Key Points
1. LeverFi increased its token supply from 35 billion to nearly 56 billion, with 13.7 billion newly minted tokens.
2. Binance will delist LEVER on July 4, 2025, likely reducing liquidity and market exposure for the token.
3. The token mint aligns with LeverFi's May announcement about LeverAI, an AI-powered automation and staking program.
4. LEVER's price dropped over 20% in the past week amid concerns about supply expansion and market confidence.
5. The team plans to use the new tokens for ecosystem incentives, staking rewards, and AI-driven expansion.
Description
LeverFi rose to the spotlight last week after Binance announced it would delist it and four other altcoins on July 4, triggering mixed price performances in these tokens . While removal from a top trading platform hurts crypto projects, the latest blockchain transactions from LeverFi have magnified worries among LEVER holders. Notably, the protocol has minted 13.7 billion tokens days before the scheduled delisting. The move has raised questions about the potential effect on LEVER’s value, transp...
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