Bybit Alpha listed WhiteWhale (a meme cryptocurrency in the Solana ecosystem) on December 26th, and after 4 days, its price increased by 373% and its market Capital rose from $20 million to $70 million.
To celebrate its listing, Bybit launched a Spot Trading contest with a $100,000 USDC prize pool and opened its Alpha liquidity pool, announcing a maximum annualized yield of 1177%.
- WhiteWhale listed on Bybit Alpha on December 26th, with its price increasing by 373% in just 4 days.
- Capital capitalization increased from $20 million to $70 million.
- Bybit has opened a spot test of 100,000 USDC and a liquidity pool with a maximum APR of 1177%.
Price and market Capital trends after listing.
Within four days of listing Bybit Alpha, WhiteWhale's price surged 373%, and its market Capital increased by $50 million.
According to an announcement from Bybit, WhiteWhale was listed on Bybit Alpha on December 26th. As of December 29th, the asset had recorded a 373% price increase in just 4 days, reflecting strong buying pressure in the early stages after its listing.
Alongside the price fluctuations, WhiteWhale's market Capital increased from $20 million to $70 million. This $50 million increase indicates a significant expansion in valuation size in a short period, coinciding with the exchange's implementation of activities to encourage liquidation and trading.
Bybit 's trading and liquidation incentive program
Bybit launches a Spot Trading contest with a $100,000 USDC reward and opens its Alpha liquidity pool, announcing a maximum annualized return of 1177%.
To celebrate its listing, the platform announced a Spot Trading contest with a total prize pool of 100,000 USDC. Simultaneously, Bybit launched its Alpha liquidity pool to attract liquidation for WhiteWhale and related operations on Bybit Alpha.
Bybit states that this liquidity pool offers a maximum annualized yield of up to 1177%. The stated yield figure is the maximum, and may be subject to program conditions and market volatility during the launch phase.
