The SPACE token for Spacecoin, which was recently launched, saw an increase of more than 65% after the project revealed detailed plans for the first round of airdrop distribution, listing on exchanges, and launching across multiple chains.
This represents an important step for a project positioning itself at the intersection of blockchain, satellite infrastructure, and communication networks.
Spacecoin's distribution plans for the first season
The price of SPACE token from Spacecoin at the time of writing this report is $0.021, just below its all-time high of $0.026 during the launch wave. It has risen by approximately 66% over the past 24 hours, reflecting potential for continued short-term gains and indicating increasing investor interest.
Investors are awaiting several developments after Spacecoin announced that SPACE is now active across multiple blockchain systems, including CreditCoin, Ethereum, Binance Smart Chain (BSC), and Base.
The launch of the token represents what the project describes as the "pulsating economic heart" of the decentralized space internet vision. It allows community members (Cadets) to participate directly in the emerging space economy.
The momentum supports immediate access to deep liquidity. On launch day, the SPACE token was listed on a wide range of centralized exchanges, including Binance (Alpha and Futures), Kraken (Spot), OKX (Spot and Perpetuals), KuCoin, MEXC, Bitget, CoinOne, Blockchain.com, and Bybit.
The broadening scope of listings covering spot markets and derivatives contributed to amplifying early trading activity and price discovery.
Decentralized trading options also launched in parallel, with SPACE becoming available on PancakeSwap for exchanges and liquidity provision.
Despite a strong price increase of 65% and extensive listing coverage, the rise of SPACE remains a traditional trait of early-stage token launches driven by airdrop excitement and numerous platforms, rather than being linked to widespread proven utility.
The Aster DEX platform helps ignite a 65% rise in Spacecoin.
At the same time, Aster DEX launched a limited-time trading campaign with rewards totaling $150,000 in ASTER tokens and 15.75 million SPACE tokens.
The strategy of merging CEX and DEX exchanges highlights Spacecoin's pursuit of broad access and reflects its stated goal of building an Internet layer without geographical or financial barriers.
The excitement around the first season airdrop focused on rewarding early supporters who interacted with the Spacecoin ecosystem before the token generation event (TGE).
Qualified participants can now claim their allocations through the official claims portal by linking the wallets they used during the campaign. To facilitate the process, Spacecoin distributes 0.01 CTC (CreditCoin) to eligible wallets to cover gas fees during the claiming process.
Note that the airdrop comes with strict eligibility criteria and strong anti-abuse measures.
Participants must have held specific assets such as CTC or WCTC or dedicated NFT tokens.
They must also complete social tasks and activities during the open period.
Suspicious accounts are excluded to ensure that rewards go to real community members and not to bots.
The token release was designed to minimize immediate supply pressure. For the first season, 25% of the rewards are released at TGE, while the remainder is distributed monthly over three months.
The second season distributions followed a similar schedule divided into phases, but those rewards will appear later.
Will the hype continue?
Spacecoin launched, in addition to trading and the airdrop, a limited-time staking program that provides an annual yield of 10% on SPACE tokens within the CreditCoin network with cross-chain transfers supported by Wormhole.
These features together made SPACE a multi-network asset designed for speculation and long-term participation.
However, while opening part of the first season airdrop (25% at TGE) and having filters against abuse are positive steps to limit selling, the distribution schedule across seasons may still create gradual selling pressure as beneficiaries sell rewards.
Also, the high trading volume on the first day often reflects a wave of speculation more than actual sustained demand.
The fundamentals for Spacecoin remained strong. However, the rise at launch was largely driven by speculation, with nearly 90% of all tokens distributed via the airdrop failing within the first three months. Maintaining a positive price structure during this period will be crucial for the SPACE token.
