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12 June 2021
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Altcoins

BitTorrent token increases by 25% after airdrop

The BitTorrent token sees a price increase of no less than 25% after a token airdrop on February 12 at the time of writing.

During the airdrop, the Tron Foundation, the team behind TRON (TRX) and the Bittorrent token (BTT), handed out 10 billion BTT tokens to TRX owners. Justin Sun, CEO of TRON, says the plan was to take 48 hours for the airdrop, but they were ready within four hours.


This would be the first BTT airdrop in a series of monthly airdrops that will continue until 2025.


At the time of writing, BTT’s price is $ 0.001060. That is an increase of 25% in the last 24 hours. TRX, on the other hand, dropped by about 2% in the same time frame

Furthermore, it was announced that one must beware of fake social media accounts claiming to be affiliated with BitTorrent or BTT.

On Tuesday, February 5, the price of BTT peaked at $ 0.0012 which was a price increase of nearly 900% due to the initial coin offering (ICO) held on Launchpad of cryptocurrency exchange Binance. The price then dropped again, but a week later the cryptocurrency seems to recover well from the decline.

Fetch.AI will hold such an ICO on February 25, also on Binance Launchpad.

BitTorrent was acquired by TRON last year.

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