Token Events

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SLX airdrop sell-pressure repeats, TGE day-one drops more than 40%

Solstice’s SLX token was listed on the Binance Alpha platform on May 25, with a fully diluted valuation of about $230 million; however, due to concentrated sell-offs by airdrop recipients, SLX fell by about 30% from the intraday high within a few minutes of listing, and when CoinGecko issued a warning, the decline had already exceeded 40%. OneSafe research shows that about 64% of airdrop recipients sold the tokens immediately after distribution. TGE Timeline and Price Data: Confirming the Number
SLX+4.04%
LINEA-2.00%
JUP-1.73%
Bisc·05-26 03:43
SLX airdrop sell-pressure repeats, TGE day-one drops more than 40%

Tether and the Georgian government co-launch the GEL₮ stablecoin; the National Bank has approved the issuance rules

GEL₮ is a stablecoin launched by Tether in cooperation with the Georgian government, pegged to the Georgian lari. It will be issued on-chain under the national regulatory framework, showcasing a path of private stablecoins plus government cooperation. The framework draws on the GENIUS Act, MiCA, and VARA, aiming for interoperability with U.S. rules. GEL₮ focuses on low transaction fees, near-instant settlement, and programmable payments. It demonstrates Tether’s strategy to expand from a single USDT into a multi-asset stablecoin infrastructure, and uses this model to drive stablecoin applications in emerging markets.
USDT+0.00%
Bisc·05-26 03:13
Tether and the Georgian government co-launch the GEL₮ stablecoin; the National Bank has approved the issuance rules