Binance Lists SKATE Token: Price Soars 33% Before Launch

SKATE, a new altcoin powering a multi-VM blockchain infrastructure, is making headlines after Binance officially announced its listing. The token will debut on Binance Alpha and Binance Futures on June 9, 2025—and the price is already up by over 33% in pre-market trading.

Let’s break down the details behind this hot crypto launch.

Binance to List SKATE on June 9

On June 9 at 10:00 UTC, SKATE will go live on Binance Alpha, the platform’s launchpad for early-stage tokens with strong growth potential. Binance Alpha often features tokens before they’re listed on the main Binance exchange.

At 10:30 UTC, SKATEUSDT perpetual futures will be launched on Binance Futures, offering up to 50x leverage, allowing traders to speculate on the token’s price with high risk and reward.

What Is SKATE?

SKATE is the governance and utility token of the Skate multi-VM infrastructure project, which aims to unify decentralized apps (dApps) across various blockchain environments.

Key highlights:

• Supports Ethereum VM, Solana VM, and more.
  
• Creates a “single state” across all chains for seamless dApp interoperability.
  
• Total supply: 1 billion SKATE tokens.
  
• 10% reserved for an airdrop to early supporters.
  

Binance SKATE Airdrop Details

A 24-hour airdrop event will kick off at 10:00 UTC on June 9, where eligible users can redeem SKATE using Binance Alpha Points. Binance is expected to launch a dedicated airdrop event page on the same day.

SKATE Price Surges Over 33% in Pre-Market

Following Binance’s announcement, SKATE saw a sharp price surge of 33.3%, reflecting growing demand and excitement.

Earlier, on June 4 at 06:00 UTC, MEXC Exchange opened pre-market trading for SKATE. The token quickly soared to a peak of $0.20, hinting at bullish momentum even before its official launch.

More Exchanges Join the SKATE Hype

In addition to Binance, Bybit will also list SKATE on June 9. Bybit recently launched a campaign allowing users to stake Mantle or Tether to earn SKATE rewards, further boosting interest in the token.