StakeStone (STO) Price Surges Over 30% Following Binance Spot Listing
In an impressive turn of events, the price of StakeStone (STO) has surged by over 30% in the past 24 hours, following its launch on the Binance exchange for spot trading.
As of May 2nd, 2025, at 16:00 UTC, STO is available for trading on Binance across various pairs, including USDT and BNB. The official announcement highlighted that users who had subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, would receive airdrops of STO as part of the launch incentives.
Prior to this listing, the token was exclusively available on Binance’s Alpha Market, granting early access to a select group of users.
Launched in early April after a token generation event by Binance Wallet, StakeStone quickly captured attention, gaining listings on notable exchanges such as MEXC, Bitget, KuCoin, and Gate.io. Today’s Binance listing has significantly enhanced the project’s visibility and resulted in a notable rise in the token’s value.
Currently, STO is trading at $0.17, boasting a trading volume exceeding $45 million. The recent surge has positioned STO well above both the 20-period EMA and the 50-period SMA on the 4-hour chart, indicating strong bullish momentum. Additionally, the RSI has entered the overbought territory, scoring above 70 during this breakout, hinting at a possible pullback or consolidation in the near future. Nevertheless, a bullish crossover between the 20 EMA and the 50 SMA occurred before this breakout, potentially serving as an early indicator of an ongoing uptrend.
As we look ahead, while a short-term pullback could be on the horizon, the overall technical setup suggests a broader uptrend may be developing.
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