Updated: StakeStone (STO) Soars Over 30% on Binance Listing
Binance announces listing of STO, causing its price to spike by more than 30%
Get your buzz on, crypto peeps! StakeStone (STO) is shifting gears today, surging over 30% in the last 24 hours, thanks to its spot listing on Binance.
At the drop of a pin, STO went live on Binance at 16:00 UTC on May 2, available for trading across several pairs, such as USDT, BNB, and more. Making the listing even sweeter? Eligible users who staked Binance Coin (BNB) in Simple Earn products from April 27 to April 29 could receive a StakeStone airdrop as a kick-off bonus.
This ain't nostopper, StakeStone saw daylight earlier in April through a token generation event, backed by Binance Wallet. It's already a hot potato in exchanges like MEXC, Bitget, KuCoin, and Gate.io. But with Binance joining the party, it's likely the game's gonna get even hotter.
Think STO's rise is just a flash in the pan? Think again! The token's currently trading at a cool $0.17, with a trading volume of over $45 million. With the 30%+ surge, STO's price has powered past both the 20-period EMA and the 50-period SMA, suggesting a strong bullish vibe. The RSI's even venturing into overbought territory above 70, hinting at a potential pullback or consolidation soon. But hey, a bullish crossover between the 20 EMA and the 50 SMA happening before the breakout? That could've been an early sign of an uptrend in the making!
Will this rally take a breather, or is a broader uptrend on the cards? While a temporary pullback's possible, the technical set-up sure does suggest a broader uptrend could be brewing. But remember, crypto's a wild beast, so hang on tight, yo!
Now, let's flip the script and get some background on the STO airdrop on Binance. To be eligible, users need to have staked their BNB in Simple Earn products during specific time windows. The airdrop window stretched from April 27, 2025, 00:00 UTC to April 29, 2025, 23:59 UTC. If you were among 'em, you noghty dog, you walked away with a piece of the 15,000,000 STO tokens allocated for the airdrop, a chunk that's 1.5% of the total supply of 1 billion STO tokens.
Kraken's Close Call with North Korean Infiltration
Oh, and before we hop off, there's one more thing. It turns out crypto exchange Kraken almost got busted by some North Korean cyber sleuths who were trying to infiltrate the outfit by way of a fraudulent job application. They got snuffed out, though, thanks to Kraken's sharp eyes and security systems. Phew! Glad to see the good guys winning, even in the wild wild west of crypto. wink wink
[1] Blockonomi, 2023, StakeStone (STO) Price Surges 20% After a Wave of Exchange Listings[2] Consensys, 2025, StakeStone: The Omni-Chain Liquidity Protocol[3] Binance, 2025, Binance Will List StakeStone (STO)
- The sudden surge of StakeStone (STO) by over 30% has created quite a buzz in the crypto community, following its listing on Binance.
- Users who staked Binance Coin (BNB) in Simple Earn products from April 27 to April 29 were eligible for StakeStone airdrops as a bonus for the Binance listing.
- Besides Binance, STO is already available on other exchanges such as MEXC, Bitget, KuCoin, and Gate.io, indicating its growing popularity.
- Currently trading at $0.17 with a trading volume of over $45 million, STO’s 30% surge has pushed its price past both the 20-period EMA and the 50-period SMA, signaling a strong bullish sentiment.
- However, the RSI’s overbought territory above 70 suggests a potential pullback or consolidation soon, indicating a possible temporary slowdown in the rally.
- Despite this, the technical set-up suggests a broader uptrend could be brewing, making StakeStone a promising investment opportunity for crypto enthusiasts.
- In a recent development, crypto exchange Kraken narrowly avoided infiltration by North Korean cyber sleuths who attempted to gain access via a fraudulent job application.
- Thanks to Kraken’s sharp eyes and robust security systems, the cyberattack was thwarted, demonstrating the need for strong security measures in the volatile world of cryptocurrency.
