Loaded Lions Token Sees 48% Crash Since All-Time High Amid Airdrop

Loaded Lions, the flagship NFT project of Crypto.com, officially launched its token, LION, on February 27, with an airdrop to Loaded Lions NFT holders. The token debuted on Crypto.com App, VVS Finance, and Crypto.com exchange, and was listed on CoinGecko on February 3.

Upon listing, LION reached an all-time high of $0.004339. However, it has since plummeted by 48%, trading at $0.002225 at the time of writing, according to CoinGecko. This downturn is largely attributed to airdrop participants taking profits.

About Loaded Lions and the LION Token

The Loaded Lions NFT project is the first-ever platform-owned NFT profile picture project by Crypto.com. The collection comprises 10,000 unique, algorithmically generated PFPs with varying levels of rarity. Loaded Lions NFT holders gain access to Mane Net, a private community offering VIP experiences, giveaways, and priority access to Crypto.com NFT drops.

Tokenomics and Utility

The LION token serves as the main utility token for the Loaded Lions NFT project. Currently, it is available only on the Cronos EVM chain, with plans to expand to Ethereum, Solana, and other blockchain ecosystems. Token holders will have opportunities to stake LION in on-chain vaults and other Crypto.com app programs, providing token rewards, app perks, and benefits in Loaded Lions: Mane City.

In the future, LION holders will gain governance rights to participate in ecosystem decision-making. The total supply of 100 billion tokens is structured to support community growth, strategic initiatives, and ecosystem sustainability.

Token Allocation

The LION tokenomics is allocated as follows:

  • 50% for community & strategic partnerships (20% community, 15% incentives, 15% strategic collaborations)
  • 10% for operations and marketing
  • 15% for the ecosystem
  • 25% for liquidity

Stay up-to-date with the latest news in the Web3 and cryptocurrency space by following Global Crypto News.

Post Views: 0