Spacecoin launched with a 65% increase after the Airdrop, but will the craze last?

The newly launched SPACE Token of the Spacecoin project has surged by over 65% after the project announced details of its Season 1 Airdrop plan, listing on exchanges, and expanding to multiple blockchains.

This is a significant step forward for the project as they aim to develop at the intersection of blockchain, satellite infrastructure, and telecommunications networks.

Spacecoin Airdrop Plan Season 1

At the time of writing, Spacecoin's SPACE Token is trading at $0.021, just slightly below its initial peak of $0.026. The price has risen nearly 66% in the last 24 hours and is projected to continue rising in the short term due to increasing interest from retail investors.

Investors have a lot to look forward to as Spacecoin announced that the SPACE Token is now operational across multiple blockchain ecosystems, including Creditcoin, Ethereum, Binance Smart Chain (BSC) , and Base.

The SPACE Token is XEM the "economic heartbeat" of the project's vision for a decentralized satellite internet. This allows the community (Cadets) to directly participate in this new space economy.

The atmosphere became even more vibrant thanks to SPACE being listed on several major exchanges immediately upon launch. These exchanges include Binance (Alpha and Futures), Kraken (Spot), OKX (Spot and Perpetuals), Kucoin, MEXC, Bitget, Coinone, Blockchain.com, and Bybit.

The presence in both the spot and Derivative markets significantly increased liquidation and ensured clear price establishment from the outset.

Simultaneously, decentralized trading has also emerged. Users can trade and provide liquidation for SPACE Token on PancakeSwap .

Although SPACE has increased in price by 65% ​​and is widely listed, this growth is typical of new Token projects, primarily driven by Airdrop effects and multi-platform listings rather than proven intrinsic value on a large scale.

Aster DEX contributed to Spacecoin's 65% increase.

Simultaneously, Aster DEX launched a limited-time trading campaign, offering a total prize pool of $150,000 USD in ASTER Token and 15.75 million SPACE Token.

Spacecoin's strategy of appearing simultaneously on both CEX and DEX platforms shows its desire to expand its reach to a wider range of retail investors. This also aligns with its goal of building an internet layer that transcends geographical and financial barriers.

The focus of this event is the Season 1 Airdrop , which rewards users who actively participated in the Spacecoin ecosystem before Token generation (TGE) took place.

Those who qualify can now claim their rewards by connecting the wallet used in the campaign to the official claim portal. Spacecoin is also giving an additional 0.01 CTC (Creditcoin) to each eligible wallet to help cover Gas Price when receiving the Airdrop, making it easier for users to claim their rewards.

Notably, this Airdrop has clear rules regarding participation conditions and fraud prevention measures.

• Participants need to own certain designated assets such as CTCs, WCTCs, or Non-Fungible Token .
• At the same time, they must complete social tasks and events during the campaign period.

Accounts showing suspicious activity will be removed from the program to ensure that only genuine community members (not bots) receive rewards.

The Token Lockup schedule was also designed to reduce pressure to sell immediately . For Season 1, 25% of the rewards were unlocked at the TGE, with the remainder Chia evenly over the next 3 months.

Season 2 will also follow a similar phased unlock schedule; however, the rewards for this season will be announced later.

Will the excitement last?

Besides trading and Airdrop, Spacecoin also offers a time-limited Staking program with a 10% APR interest rate for SPACE Token on the Creditcoin network, and supports Token transfers between chains via Wormhole.

Overall, these features make SPACE a multi chain asset, not only for speculation but also for long-term use.

However, unlocking in stages (25% at TGE) along with fraud prevention measures will help limit sell-offs, but the extended payout schedule could still create selling pressure in batches as recipients want to take profits.

In addition, large volume on the first day often indicate more speculative activity than genuine, stable demand.

Overall, Spacecoin still has an impressive foundation. However, the current price surge is primarily driven by speculation. In fact, nearly 90% of Airdrop Token experience sharp declines within the first three months. Maintaining price stability during this period will be crucial for the SPACE Token.