Binance has launched a Metaplex trading competition on Binance Alpha from July 6 to July 20, 2025.
The event aims to boost MPLX trading activity by rewarding the top participants with 8,912,500 MPLX tokens.
Binance Alpha Offers 8.9 Million MPLX in Trading Rewards
Binance’s new initiative involves a Metaplex trading competition on Binance Alpha, providing users a platform to trade MPLX from July 6 to July 20, 2025. During this event, successful participants will share a reward pool of 8,912,500 MPLX tokens. With a focus on promoting liquidity, Binance expects increased trading volume for MPLX. There have been no notable statements from Binance or Metaplex leadership as of the announcement, although community discussions are active.
MPLX trades at $0.10 with a market cap of $75,913,530, and records a 24-hour trading volume of $13,921,171. Price changes reflect a downward trend of 7.67% in 24 hours and 49.02% over 60 days. This data, attributed to CoinMarketCap, highlights the token’s volatility. A similar BNB Chain competition led to notable liquidity spikes, suggesting historical precedents for potential MPLX volume increases.
Experts from Coincu suggest that ongoing competitions could drive MPLX’s trading volume further, influencing temporary liquidity increases and market engagement.
