ALGO Price Rises 13.86% in 7 Days Amid MEXC Listing of ALLO

On NOV 11 2025, ALGO rose by 0.73% within 24 hours to reach $0.1793, ALGO rose by 13.86% within 7 days, rose by 0.96% within 1 month, and dropped by 46.46% within 1 year.

MEXC, a leading global cryptocurrency exchange, announced the listing of Allora (ALLO) in its Innovation Zone. Trading for the ALLO/USDT pair began on November 11, 2025, at 13:00 (UTC), with the ALLO/USDC pair launching at 13:20 (UTC). To celebrate the listing, MEXC offered limited-time zero trading fees and hosted an Airdrop+ event with $60,000 in ALLO and 25,000 USDT in rewards.

Allora is a self-improving decentralized AI network that enables applications to leverage smarter and more secure AI through a network of machine learning models. ALLO serves as the native token of the Allora Network, facilitating inferences, topic participation, staking, and reward distribution. The token has a total supply of 1,000,000,000 ALLO.

Zero-Fee Trading Promotion
To celebrate the listing of ALLO, MEXC offered zero trading fees for both spot trading pairs. The ALLO/USDT pair maintained no trading fees from November 11, 2025, at 13:00 (UTC) until November 25, 2025, at 13:00 (UTC). The ALLO/USDC pair will continue to have zero trading fees permanently until further notice. Additionally, MEXC Convert became available starting November 11, 2025, at 14:00 (UTC), enabling users to instantly convert tokens with fixed rates and no slippage.

Airdrop+ Event
The Airdrop+ event ran from November 10, 2025, at 13:00 (UTC) to November 17, 2025, at 13:00 (UTC), offering two primary benefits. First, users who deposited and traded ALLO could enter a lucky draw to share $60,000 in ALLO tokens. Second, users who completed 25 lucky draws could win an additional 25,000 USDT in futures bonuses.

As a leading global exchange, MEXC offers rapid listing efficiency, over 3,000 tokens, daily airdrop rewards, competitive trading fees, deep liquidity, and robust security measures, continuing to provide diverse opportunities for its global trading community. For full listing and event details, please visit the official announcement.

Backtest Hypothesis
The recent surge in ALGO’s 7-day price increase of 13.86% can be partially attributed to the momentum created by MEXC’s strategic initiatives, including the zero-fee trading promotion and Airdrop+ event for ALLO. These promotions likely attracted speculative capital and increased trading activity, contributing to broader market sentiment in the crypto space. Such a surge aligns with the impact of similar promotions on asset prices, where liquidity and participation incentives can lead to short-term price appreciation.