The Grass token has experienced a strong rally, reaching its highest level since its airdrop. It has outperformed other tokens such as Wormhole, ZkSync, and Hamster Kombat in terms of success. The rally may be attributed to expectations of additional tier-1 exchange listings, with potential listings on platforms like Binance and Coinbase. The token has also seen an increase in futures open interest, reaching $50 million primarily on Bybit and OKX. The rally reflects positive market sentiment, as indicated by the crypto fear and greed index moving to a greed level of 66. Data shows that a significant percentage of Grass tokens have been claimed, with 30% of claimants choosing to stake them. However, there is a risk of a sharp reversal for Grass, as post-airdrop rallies typically don't last. The token has formed a double-top pattern, suggesting a potential drop and retest of key support at $0.80.



Other News from Today