OKX, a leading cryptocurrency exchange, has announced the listing of MAJOR (Major) token on its spot trading markets, triggering significant market excitement and price movement.
The exchange announcement has outlined a comprehensive listing timeline that begins on November 21, 2024, at 10:00 am UTC with the opening of MAJOR deposits.
The listing process continues with a call auction scheduled for November 28, 2024, from 11:00 am to 12:00 pm UTC, followed immediately by the commencement of MAJOR/USDT spot trading at 12:00 pm UTC on the same day.
The final phase of the listing will see withdrawals enabled on November 29, 2024, at 10:00 am UTC, completing the token’s integration into the OKX ecosystem.
Project Overview and Utility
Major presents itself as an innovative Play to Earn game integrated within the Telegram platform, designed specifically to enhance the adoption and visibility of the TON (Telegram Open Network) platform and blockchain.
The project distinguishes itself through its unique implementation and creative concept within the messaging platform’s ecosystem.
The $MAJOR token serves dual purposes within the ecosystem: powering the game mechanics and facilitating the rental of Telegram usernames and phone numbers NFTs.
This utility-focused approach demonstrates the project’s commitment to creating practical applications within the Telegram ecosystem.
Market Performance and Price Analysis
The announcement of the OKX listing has catalyzed remarkable price movement for the MAJOR token, which has experienced a substantial surge of 72.3% in just 24 hours.
Even more impressively, the token has recorded an extraordinary price increase of 2,433.97% over the past seven days, highlighting the significant impact of the listing news on market sentiment.
The current trading price stands at $0.04664, with a 24-hour trading volume of $4,668,374, indicating strong market interest and liquidity for the token.
Also Read: OKX Announces 100% Reserves for Two Years Straight in October Proof of Reserves Report
Market Capitalization and Supply Metrics
The project’s market metrics reveal a significant market presence, with Major Frog currently maintaining a circulating supply of 990 million MAJOR tokens.
At the current price level, this translates to a market capitalization of $47,711,084, positioning the project as a notable player in the cryptocurrency market.
This substantial market capitalization, combined with the recent price performance and upcoming OKX listing, suggests strong market confidence in the project’s potential and its ability to maintain momentum beyond the initial listing phase.
Also Read: OKX Ventures Makes Strategic Investment In Corn Layer 2, ETH & BTC Bridge Ahead?