CYC Token Launch Sparks 1,147% Trading Volume Surge in 24 Hours

Binance and MEXC initiated the Cycle Network (CYC) token airdrop on August 4, 2025, through Binance Alpha, requiring users to have at least 200 Alpha points to participate. Participants were eligible to claim 800 CYC tokens on a first-come, first-served basis, with the threshold automatically decreasing by 15 points hourly if the reward pool remained undistributed. This event marked the start of CYC trading, reflecting a gamified strategy used by centralized exchanges to drive user engagement and liquidity [1].

According to data from CoinMarketCap, CYC was trading at $0.06 on the listing day with a market cap of approximately $9.75 million and a fully diluted valuation of around $64.17 million. The 24-hour trading volume surged by 3,039.36% to $22.02 million, while the token recorded a consistent 17.07% increase across various time frames, including 24-hour, 7-day, 30-day, 60-day, and 90-day intervals. These figures underscore the volatile yet sustained interest in CYC, although long-term performance remains to be observed [1].

The Coincu research team noted that the success of the CYC launch highlights the effectiveness of point-based trading engagement in generating immediate liquidity. However, the lack of on-chain staking or total value locked metrics limits the ability to evaluate the token’s long-term utility. Experts suggest that the future trajectory of Cycle Network will depend on its technological developments and the transparency of its roadmap once official details become available [1].

The 1,147% rise in CYC’s trading volume within the first 24 hours mirrored patterns observed in previous Binance-led token launches. Such rapid liquidity generation is typically seen as a strategic move to attract retail and institutional interest quickly. Despite the significant trading activity, major blockchain influencers did not publicly respond to the launch, indicating a relatively low-profile rollout compared to similar events [1].

Binance Alpha confirmed the dynamic nature of the airdrop mechanism, which is designed to maximize participation while ensuring fair distribution. The listing of CYC on major exchanges further solidified the project’s visibility in the broader cryptocurrency market. However, the absence of detailed economic models or use case disclosures leaves room for speculation, reinforcing the importance of independent due diligence by investors [1].

Source: [1] Binance and MEXC Launch Cycle Network Airdrop with Dynamic Rewards (https://coinmarketcap.com/community/articles/68912e811137bf3ffd758e75/)