Space Token’s Meteoric Fall After Binance Debut

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Not long after the $SPACE token’s grand entrance upon the hallowed exchanges of Binance and OKX, a most unfortunate calamity befell it, as the shadows of the team’s wallet cast their ominous influence. The aerospace token, once a beacon of hope, plummeted from 0.02465 to a meager 0.0147, as if the very cosmos itself had turned its back upon it.

Spacecoin, in its boundless ambition, unveiled the $SPACE token to the world. This token, a marvel of modern ingenuity, was made to operate upon the noble networks of Creditcoin, Ethereum, BSC, and Base, as if to say, “Behold, the future!”

On the platform of X, Spacecoin proclaimed its triumph, declaring that the token had been welcomed by the leading platforms. It graced the hallowed halls of Binance’s Alpha and Futures, while Kraken, OKX, Bitget, and KuCoin offered their spot markets, as though the token were a prodigal son returning home.

The Lightning-Fast Listings Spark Initial Hype

With a speed that would make the gods themselves envious, the aerospace token found its way into Binance Futures within the span of two hours. OKX, ever the eager disciple, swiftly added perpetual contracts. The volume of trade surged to an impressive 215 million within a single day, as if the market were a drunken reveler at a feast.

The pre-market frenzy saw $SPACE ascend to a lofty $0.02465, with PancakeSwap and Aster DEX flooded by liquidity providers, who, one might imagine, were more eager to part with their tokens than a miser parting with his gold.

Sharp Reversal Follows Suspicious Wallet Activity

According to the sage of CoinAnk on X, the token’s demise was heralded by the listing on Binance/OKX futures. The price, once so high, now languished at 0.0147, a mere shadow of its former self. The funding rate, a fickle mistress, settled at 0.0408%, as if to mock the token’s fate.

The team-based wallets, in a most suspicious manner, began to collect tokens, as noted by how2onchain on X. The account, in its wisdom, declared that $SPACE tokens had been earned on PancakeSwap and Aster DEX in the past six hours, with a total transfer of over 600,000 in the wallet address 0xdC07d3166759c5Ea086A7e59d18903B8AA463681. One might say the team was more preoccupied with their wallets than with the token’s future.

TEAM WALLET LOADING

Over the last 6 hours, tokens were accumulated from PancakeSwap and Aster DEX across two wallets

Eventually, these tokens were consolidated into a team-related wallet, with total transfers exceeding $600K

Wallet:…

– onchainschool.pro (@how2onchain)

Source: how2onchain

The process of token consolidation, a most curious affair, took place on two wallets and then on the team wallet. The market, in its collective wisdom, raised questions about the nature of these movements, as if the token’s fate were a riddle wrapped in an enigma.

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Technical Signals Show Mixed Outlook

GainzAlgo on X observed the price consolidating above the support of $0.019, a feeble attempt to cling to hope. The trading signal provider, in its infinite wisdom, posted, “GainzAlgo V2 Alpha went BUY, light SELL, BUY again. The account foretold a shift to $0.021 shortly.” One might wonder if the account was merely indulging in wishful thinking.

is consolidating above 0.019 support, tapping 0.020 resistance. GainzAlgo V2 Alpha went BUY, light SELL, BUY again, I’m betting 0.021 soon. Eyes on too.

– GainzAlgo (@gainzalgo)

Source: gainzalgo

The current price, a pitiful $0.022, sits in a state of flux, with high and low ranges nearly 40 percent apart, as if the market were a pendulum swinging between despair and delirium. The volume, though high, is but a fleeting echo of the token’s former glory.

The airdrop rewards of Spacecoin, a gesture of generosity, began to be distributed at launch. Participants in season 1 were given 25% allocations, as if to say, “Here, take this, but do not expect much.” Monthly unlocks proceed beyond three months, a slow drip of hope for the faithful.

The project, in its infinite wisdom, incorporates Wormhole for cross-chain transfers, a noble endeavor, though qualified participants were paid 0.01 CTC in gas charges, a small price for the privilege. Anti-abuse controls, ever the vigilant guardians, applied to airdrop eligibility, ensuring that only the most worthy could partake.

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2026-01-25 07:28