- $TOKEN gains 5.09% after Revolut adds support for over 50M users across 25+ currencies.
- Price jumps despite 11.9% drop in volume, hinting at shift toward holding behavior.
- Revolut listing boosts fiat access, widening $TOKEN’s reach beyond traditional exchanges.
TokenFi’s native cryptocurrency, $TOKEN, has been added to Revolut, a leading European finance platform. The move expands $TOKEN’s availability to over 50 million users, who can now purchase the asset using more than 25 fiat currencies, including USD, EUR, and GBP. The integration will enable direct access through the Revolut app, a platform that processed over $1.3 trillion in volume and added 15 million new users in 2024 alone.
Following the Revolut listing, $TOKEN recorded a 5.09% price increase over the past 24 hours. It increased to $0.02281 at the time of reporting. This price movement resulted in a matching rise in market capitalization, which reached $22.81 million.
Despite the upward price momentum, the 24-hour trading volume fell 11.9% to $6.36 million. The decline in volume alongside a price increase suggests that market interest may be shifting toward holding rather than active trading. The volume-to-market cap ratio stands at 27.77%, indicating moderate liquidity in relation to the token’s current market value.
TokenFi’s total supply has been capped at 10 billion tokens, with 1 billion currently in circulation. Based on the full token supply, the asset’s fully diluted valuation (FDV) is calculated at $228.17 million.
Volatility Marks Latest Price Action
Recent price action for $TOKEN shows heightened volatility. The asset dropped to $0.0210 late on May 28 before beginning a recovery early on May 29. The rebound continued through the morning, reaching a session high of $0.0228 and maintaining upward movement through midday.
The token’s late recovery appears to follow a consolidation phase that preceded the Revolut listing. Although daily trading activity dipped, the renewed buying pressure helped push the asset’s value higher.
As of the latest data, the number of token holders stands at 83,170. The current holder base provides insight into TokenFi’s community size and potential for future engagement if the token continues to gain visibility.
Expanded Reach Through Fiat On-Ramp
According to the report, users will not have to sign up for an exchange to buy their $TOKEN through Revolut. With this new option, people can now purchase the token from anywhere using major currencies and see it reach a larger user base.
The future market impact will be discovered, but the listing will give $TOKEN wider visibility to both European and worldwide retailers. Depending on the growing use and more business transactions, future activities could improve.
