RCADE Network down 30% a day after Binance Alpha and Bitget listings
2025-07-10 11:55:25
Main Idea
RCADE, the native token of the Arbitrum Layer 3 gaming-focused RCADE Network, experienced a volatile debut with a sharp initial decline but has since shown signs of recovery, while the network itself is designed for seamless GameFi experiences.
Key Points
1. RCADE was listed on Binance Alpha and other exchanges, starting at $0.0029 but dropping over 30% to $0.0018 shortly after its TGE.
2. 19.38% of RCADE's total 40 billion token supply was designated for contributing to the immediate price drop.
3. Despite the initial decline, RCADE has shown signs of recovery, with some market participants expressing long-term confidence in the project.
4. RCADE Network is a custom Arbitrum Layer 3 gaming infrastructure developed by Revolving Games, designed for low-cost, high-performance GameFi experiences.
5. RCADE serves as the utility and governance token for the network, used for in-game purchases and ecosystem fees.
Description
RCADE, the native token of the Arbitrum Layer 3 gaming-focused RCADE Network, experienced a sharp price drop following its listing on major cryptocurrency exchanges, including Binance Alpha and Bitget. On July 9, RCADE was officially listed on Binance Alpha, Binance’s early-access listing portal, marking the token’s TGE. It was quickly followed by spot listings on Gate.io, KuCoin, Bithumb, and Bitget. Despite the high-profile rollout, RCADE faced sharp downward pressure in the immediate aftermat...
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