Drastic Drop in $NEWT After Listing on Binance and Coinbase, What’s Up?

Jakarta, Pintu News – After listing on several major crypto exchanges, NEWT, the native token of the Newton Protocol automation layer powered by ZK technology, experienced a significant price drop. This incident caught the attention of many market participants and industry observers.

Check out the full information below!

Listing and Markdown

NEWT was officially listed on Binance on June 24, which also marked the Token Generation Event (TGE) of the token. Shortly after, NEWT was also listed on Coinbase, Bybit, Upbit, MEXC, Gate.io, KuCoin, Bithumb, and Bitget.

Initially, the token’s price jumped 67% from the launch price of $0.49 to $0.82 within a few hours. However, this trend did not last long.

The price of NEWT plummeted by 44% to $0.46, most likely due to profit-taking by airdrop recipients. The phenomenon of post-airdrop selling is common in early-stage token markets and usually causes short-term volatility.

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Newton Protocol and its Role

Newton Protocol was developed by Magic Labs, a Web3 infrastructure company best known for its integrated wallet technology and as the development team behind Newton. The protocol enables secure delegation of tasks to AI agents by using verifiable automation, incorporating a Trusted Execution Environment and zero-knowledge proof.

According to Mohammad Akhavannik, Managing Director at Magic Newton Foundation, a top priority is to make verifiable automation accessible through a system built on fairness. NEWT serves as a utility and governance token in the Newton ecosystem, supporting validator staking, automation fee payments, access control updates, and governance participation.

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Token Strategy and Economics

Of the total supply of 1 billion NEWT tokens, 60% is allocated to community-focused initiatives, including ecosystem development, user incentives, and growth programs. The Magic Newton Foundation is responsible for managing this allocation and issues transparency reports every quarter.

Allocations to teams and contributors are subject to a 12-month lock-up, followed by 36 months of linear vesting. This ensures that internal stakeholders cannot immediately sell their holdings, supporting the long-term stability of the token.

Conclusion

Despite facing initial volatility, the Newton Protocol and NEWT token show significant potential in the Web3 ecosystem. With support from major investors and a structured strategy, the future of NEWT looks bright despite the current market challenges.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto News. Polygon Ventures-Backed Newt Crypto Crashes 44% After Binance and Coinbase Listings. Accessed on June 26, 2025
• Featured Image: BitcoinInsider