NEWT Token Plummets After High-Profile Exchange Listings

Hold onto your hats, crypto fans! NEWT, the sizzling token from the ZK-powered automation layer Newton Protocol, took a wild rollercoaster ride right after its debut on heavy hitters like Binance and Bitget. Talk about a dramatic entrance!

On June 24, NEWT hit the big leagues with a bang on Binance for its Token Generation Event. Not one to slow down, it swiftly made spot appearances on Coinbase, Bybit, Upbit, MEXC, Gate.io, KuCoin, Bithumb, and Bitget. This token was everywhere, and fast!

The TGE locked in a total of 1 billion NEWT tokens. A cool 100 million of those were showered on the early birds of the Kaito/NEWT scene, including those clever snapshot takers and the hustle-hard users on partner platforms. The Magic Newton Foundation pulled off this airdrop, and starting June 24, it was all yours to claim, no strings attached.

But wait, there's more! A lucky 12.5 million NEWT, that's 1.25% of the whole pie, went straight to the pockets of Binance users holding BNB in Simple Earn, Locked Earn, or the BNB Vault from June 14 to 17, 2025. And guess what? Those tokens were ready to roll right at TGE, landing directly in those eligible spot wallets.

Right out of the gate, NEWT shot up like a rocket, jumping 67% from its launch price of $0.49 to a high of $0.82 in mere hours. But just as quickly, it took a nosedive, crashing 44% down to $0.46. Word on the street? Airdrop recipients were cashing in quick, taking their profits and running.

Hey, it's not uncommon for these early-stage tokens to see some wild swings right after an airdrop. The market's a wild beast, after all.

Despite the bumpy start, Newton Protocol's got a game plan with its tokenomics that's all about playing the long game.

Get this: 60% of all NEWT is set aside for the community, fueling everything from ecosystem growth to user incentives and more. The Magic Newton Foundation's calling the shots on these funds, keeping things transparent with quarterly reports.

And for the team and contributors? They're locked up for a full year, followed by a 36-month slow drip of vesting. No quick sells here, folks!

What is Newton Protocol?

Let's dive into the heart of it: Newton Protocol is the brainchild of Magic Labs, the wizards behind Web3's embedded wallet tech. They're the founding force pushing the boundaries with this ZK-powered on-chain automation beast.

Magic Labs isn't just playing around; they're the masterminds crafting the protocol's verifiable automation framework, throwing down the core open-source code and leading the charge on ecosystem design through their sidekick, the Magic Newton Foundation.

Here's the kicker: Newton lets you hand off tasks to AI agents securely, using verifiable automation. They mix Trusted Execution Environments with zero-knowledge proofs to make sure every move is backed by unbreakable crypto proof that it's all going down exactly as you told it to.

"We're all about making verifiable automation accessible and building a system that's fair and reliable," Mohammad Akhavannik, the big boss at Magic Newton Foundation, spilled the beans.

NEWT isn't just any token; it's the lifeblood of the Newton ecosystem, driving everything from validator staking to automation fees, access control, and letting you have your say in governance.

And earlier this year, Newton snagged a whopping $90 million from heavyweights like PayPal Ventures, Polygon, and Magic Eden to supercharge its infrastructure and get the ecosystem buzzing.

Just a heads up: This isn't your guide to the crypto casino. We're here to school you, not steer your investments.