CandleFocus Scroll's SCR Token Debuts at $212M Market Cap in Volatile Trading Session
2024-10-22
Author: Content Editor
Scroll, a Layer-2 network, has released its native governance token, SCR, with an initial valuation of $212 million. The token initially traded at $1.40 but dropped to $1.10. Despite criticism over disproportionate token allocation and giving Binance a portion of the token supply, Scroll's team members will not be receiving an airdrop. SCR aims to become a protocol utility token as Scroll becomes more decentralized. The token has garnered over 200,000 holders and over 500,000 token transfers on its first day of release. Trading volume is steady at $189 million, with deep liquidity on Binance.
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