Donald Trump’s Son Shares an Altcoin – Price Experiences Major Rally

RAVE, a new altcoin added to the Binance Alpha platform and distributed via airdrop yesterday, quickly became a hot topic in the market.

The token issued by RaveDAO experienced a remarkable rally after being listed on Binance Alpha, following a post by Donald Trump Jr., the eldest son of US President Donald Trump.

According to market data, RAVE has seen a price increase of nearly 250% in the last 24 hours, bringing the total value of the airdrop to over $200. During the same period, on-chain transaction volume exceeded $60 million.

While FOMO (Fear of Missing Out) was noticeable within the community, there was a rapid increase in the number of token holders. However, the distribution appears to be quite dense; the top 10 wallets hold 92.63% of the total supply.

A chart showing the price increase of RAVE.

On the other hand, the collaboration between Aster and USD1, and positive statements from institutions like Aster and Binance Labs, further increased RAVE's visibility. A post by Donald Trump Jr., Donald Trump's eldest son, was related to the listing of the Trump-linked stablecoin USD1 on Aster in the RAVE pair.