search
Homeweb3.0Scroll (SCR) Pre-Market Futures Plunge to Record Low of $1.18 Ahead of Oct. 19 Airdrop

Scroll, the fast-growing zero-knowledge layer-2 network, confirmed that it would launch its airdrop on Oct. 19.

Scroll (SCR) Pre-Market Futures Plunge to Record Low of  src=

Scroll (SCR) pre-market futures hit a record low of $1.18 on Friday, Oct. 11, as traders expressed concern about the recent airdrops. At its lowest, Scroll futures were trading below the weekly highs of $1.74.

The majority of high-profile airdrops in recent months have crashed. Wormhole’s token crashed over 83% from its listing price, Hamster Kombat (HMSTR) dropped 72% from its all-time highs, and Catizen (CATI) also fell significantly.

This crash is partly due to the broader crypto market not performing well, with the fear and greed index remaining below 45. Bitcoin has also failed to move above the resistance at $65,000.

Another possible reason is that many recent airdrops have left a significant portion of their tokens locked. Wormhole has 2.58 billion tokens in circulation out of a maximum supply of 10 billion. Similarly, ZkSync has 3.6 billion tokens circulating and a maximum supply of 21 billion.

Scroll will have a maximum supply of 1 billion SCR tokens. Of these, 23% will be allocated to members that contribute to the network, 15% will be reserved for airdrops (7% in the first), and the rest will go to investors, the foundation, and ecosystem growth.

To be fair, these futures don't give us a complete picture of what will happen after the airdrop, as they are offered by a single exchange and their volume is relatively low. Its 24-hour turnover was only 854,320 contracts.

Scroll begins its first step towards decentralization.?? ??? ??????? ?? ???????? ??? ?????h ?? ??? $??? ?????.Our vision is to provide everyone, everywhere, access to a global distributed network of applications and… pic.twitter.com/SLR4UMJvXb

Scroll is one of the fastest growing blockchains in 2023, attracting 103 developers in decentralized finance.

According to DeFi Llama, it has over 83,000 addresses and a total value locked of $807 million. It also has over $103 million in stablecoins, which is a good amount for a network that was launched a year ago.

The largest dApps in its network are Pencils Protocol, AAVE, Tranches Yield, Tokan Exchange, and Kelp DAO. Pencils, the largest dApp in the ecosystem, is a farming network that allows its 709,000 users to generate yields.

Scroll has also become a significant player in the DEX industry, with its dApps handling tokens amounting to $178 million in the last seven days. These numbers make it a larger blockchain than Cardano, Near Protocol, and Algorand.

The above is the detailed content of Scroll (SCR) Pre-Market Futures Plunge to Record Low of $1.18 Ahead of Oct. 19 Airdrop. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Tether's Gold-Backed Crypto XAUT Hits Record High Amid Investor SurgeTether's Gold-Backed Crypto XAUT Hits Record High Amid Investor SurgeApr 29, 2025 am 11:26 AM

Tether's gold-backed token, XAUT, has released its first official attestation, confirming it is backed by over 246500 ounces of gold

Sens. Adam Schiff and Elizabeth Warren Demand Investigation into Trump's Meme Coin DinnerSens. Adam Schiff and Elizabeth Warren Demand Investigation into Trump's Meme Coin DinnerApr 29, 2025 am 11:24 AM

Sens. Adam Schiff (D-CA) and Elizabeth Warren (D-MA) said the dinner proved Trump may be engaging in “pay-to-play corruption.”

BlockDAG (BDAG) Raises Over $219.5M, Prepares for ETHPanama and Events in SingaporeBlockDAG (BDAG) Raises Over $219.5M, Prepares for ETHPanama and Events in SingaporeApr 29, 2025 am 11:22 AM

Crypto discussions are heating up again with Dogecoin (DOGE), Binance Coin (BNB), and BlockDAG (BDAG) taking different paths. The DOGE price is stuck just under $0.17

MANTRA Burns 150 Million OM Tokens to Boost StabilityMANTRA Burns 150 Million OM Tokens to Boost StabilityApr 29, 2025 am 11:20 AM

After facing a tough month with a 90% price dip, MANTRA has moved to stabilize its economy by initiating a major token burn.

Meme Coin FloppyPepe (FPPE) Could See a Jaw-Dropping 7,400% SurgeMeme Coin FloppyPepe (FPPE) Could See a Jaw-Dropping 7,400% SurgeApr 29, 2025 am 11:18 AM

In the ever-changing world of cryptocurrency, investors are constantly on the lookout for the next big opportunity. While XRP has long been a favorite

title: Tether Reveals It Holds $770M in Gold Bullion Backing Its XAUT Stablecointitle: Tether Reveals It Holds $770M in Gold Bullion Backing Its XAUT StablecoinApr 29, 2025 am 11:16 AM

Tether, the company behind several leading cryptocurrency stablecoins, including USDT, announced Wednesday that it holds $770 million in physical gold bullion reserves backing its Tether Gold (XAUT) stablecoin.

Baby BoomersBaby BoomersApr 29, 2025 am 11:14 AM

se Launches Bitcoin Yield Fund (CBYF) Targeting Baby Boomers

Three very different projects are making headlines, but only one is rewriting the rules of how Web3 should work.Three very different projects are making headlines, but only one is rewriting the rules of how Web3 should work.Apr 29, 2025 am 11:12 AM

Toncoin gained 4% after Telegram founder Pavel Durov's return and a $400 million funding wave for TON's ecosystem.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

VSCode Windows 64-bit Download

VSCode Windows 64-bit Download

A free and powerful IDE editor launched by Microsoft

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

SublimeText3 English version

SublimeText3 English version

Recommended: Win version, supports code prompts!

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor