NEWT Token Drops 44% Post Listing on Binance and Coinbase

NEWT, the native token of the ZK-powered automation layer Newton Protocol, experienced a significant price drop shortly after its listing on major cryptocurrency exchanges, including Binance and Coinbase. On June 24, NEWT was officially listed on Binance, marking the token’s Token Generation Event (TGE). This was swiftly followed by spot listings on several other prominent exchanges, including Coinbase, Bybit, Upbit, MEXC, Gate.io, KuCoin, Bithumb, and Bitget.

The TGE established a fixed total supply of 1 billion NEWT tokens. Out of this total, 100 million NEWT tokens were allocated to early users of the Kaito/NEWT ecosystem, including snapshot participants and active users on partner platforms. This airdrop, managed by the Magic Newton Foundation, was fully unlocked and claimable starting June 24. Additionally, 12.5 million NEWT tokens, or 1.25% of the total supply, were distributed to Binance users who held BNB in Simple Earn, Locked Earn, or the BNB Vault between June 14 and 17, 2025. These tokens were also fully unlocked at TGE and credited directly to eligible users’ spot wallets.

Following the TGE, the token initially rallied, surging by 67% from its launch price of $0.49 to $0.82 within hours. However, the trend quickly reversed, with NEWT falling 44% to $0.46. This sharp decline was likely due to immediate profit-taking from airdrop recipients. Such post-airdrop sell-offs are common in early-stage token markets and often result in short-term volatility.

Despite the initial market reaction, Newton Protocol’s tokenomics reveal a structured and long-term alignment strategy. According to the project’s official disclosures, 60% of the total NEWT supply has been earmarked for community-focused initiatives, including ecosystem development, user incentives, and growth programs. The Magic Newton Foundation is responsible for governing these allocations and issuing quarterly transparency reports. All team and contributor allocations are subject to a 12-month lock-up, followed by 36 months of linear vesting, ensuring that internal stakeholders cannot immediately sell their holdings.

Newton Protocol is a ZK-powered on-chain automation infrastructure developed by Magic Labs, a Web3 infrastructure company known for pioneering embedded wallet technology and serving as the founding development team behind Newton. Magic Labs plays a critical role in developing the protocol’s verifiable automation framework, contributing the core open-source codebase and leading ecosystem design through its affiliated entity, the Magic Newton Foundation. The protocol enables secure task delegation to AI agents using verifiable automation, combining Trusted Execution Environments and zero-knowledge proofs to ensure every action is cryptographically proven to follow user instructions.

“Our number one priority is making verifiable automation accessible via a system built on fairness that users can count on,” Mohammad Akhavannik, Managing Director at Magic Newton Foundation, stated. NEWT serves as the utility and governance token within the Newton ecosystem, powering validator staking, automation fee payments, access control updates, and governance participation. Earlier this year, Newton raised roughly $90 million from notable backers including PayPal Ventures, Polygon, and Magic Eden to build out its infrastructure and accelerate ecosystem adoption.