- Arkham Intelligence token (ARKM) has been listed on Binance, with influential market makers GSR Markets and Wintermute assisting in the process.
- The listing was facilitated with the deposit of 50 million ARKM tokens to Binance, enhancing the token’s liquidity. A potential airdrop event could be on the horizon following the transfer of 30 million ARKM tokens to the Airdrop contract.
Binance Welcomes ARKM with Esteemed Market Makers at Its Side
Today marks a significant milestone for ARKM, the token of Arkham Intelligence, as it debuts on Binance, one of the world’s most prevalent cryptocurrency exchanges. The clock struck 12 PM UTC, and the listing went live, flanked by market-making giants GSR Markets and Wintermute.
A Strategic Step towards Increased Liquidity
The journey towards this notable listing saw the deposit of a considerable 50 million ARKM tokens directly to Binance’s platform. This strategic move promises a significant liquidity enhancement for the ARKM token, providing a fertile ground for its growth.
GSR Markets, a recognized name in market-making, received 20 million ARKM tokens, of which 4.5 million tokens were sent to Binance and an additional 2 million tokens directed to Bybit, another prominent player in the cryptocurrency exchange market. Wintermute, the other participating market maker, received a sizable chunk of 15 million ARKM tokens, with 6 million tokens earmarked for Binance and 2 million tokens for Bybit.
An Intriguing Hint of an Upcoming Airdrop?
In an interesting development, Arkham transferred 30 million ARKM tokens from its Treasury to an Airdrop contract, sending ripples of curiosity through the crypto-community. This recent transaction, taking place about 40 minutes prior to the announcement, kindles the speculation of a forthcoming airdrop event, a tactic often used to engage and incentivize active participation within the token ecosystem.
ARKM Tokens Gaining Traction
The Binance listing is anticipated to significantly amplify the visibility and trading opportunities for the Arkham token. As a part of this strategic endeavor, Binance users will now be able to trade ARKM against a diverse array of other cryptocurrencies hosted on the platform. In addition, through the tokens supplied by GSR Markets and Wintermute, Bybit users can also access ARKM, thereby expanding its reach further.
The potential airdrop indicated by the sizable transfer to the Airdrop contract may lead to a distribution of tokens among ARKM token holders or active participants, further enriching the community engagement.
