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The Loaded Lions token (LION), associated with Crypto.com’s flagship NFT project, has seen a dramatic 48% drop from its all-time high (ATH) following its initial airdrop to NFT holders. After launching on February 27, the LION token debuted on platforms such as Crypto.com App, VVS Finance, and Crypto.com Exchange, with CoinGecko listing it on February 3. The token initially surged to an ATH of $0.004339 but has since plummeted to $0.002225, reflecting a sharp decline as airdrop participants took profits.
The LION token is designed as the utility token for the Loaded Lions NFT project, which features a collection of 10,000 unique, algorithmically generated profile picture (PFP) NFTs. The holders of these NFTs gain access to exclusive benefits such as VIP experiences, giveaways, and priority access to Crypto.com NFT drops through a private community called Mane Net.
At present, the LION token is available on the Cronos EVM chain, with future plans for expansion to Ethereum, Solana, and other blockchain ecosystems. Token holders will have the ability to stake their LION tokens in on-chain vaults, receiving rewards, app perks, and access to additional benefits within the Loaded Lions universe, including the upcoming Mane City. In the long run, LION holders will gain governance rights to participate in the decision-making process for the project.
The token’s supply is capped at 100 billion, with its tokenomics designed to encourage community growth and ecosystem sustainability. Half of the total supply is allocated to community and strategic partnerships, with 20% for the community, 15% for incentives, and 15% for strategic collaborations. The remaining 10% is designated for operations and marketing, 15% for the ecosystem, and 25% for liquidity.
Despite the initial surge in value, the token’s sharp decline highlights the market volatility often associated with NFT-related projects, particularly following airdrop events where profit-taking can lead to significant price corrections.
