Blockchain-based farming and social game Pixels launched its PIXEL token this Monday, seeing a notable increase in value after its debut.
Following a series of play-to-airdrop campaigns and a Binance Launchpool rewards program, the token has seen a noteworthy increase in value, with a 22.7% rise on its debut day, according to CoinGecko data.
Based on its circulating supply, the PIXEL token is trading at over $0.58, propelling its market capitalization to $441 million. This valuation places PIXEL among the top 200 cryptocurrencies in terms of market value. Approximately 771 million PIXEL tokens are circulated from a total supply of five billion, indicating a potential fully diluted valuation exceeding $2.8 billion.
