Polygon Ventures-backed NEWT crypto crashes 44% after Binance and Coinbase listings

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NEWT, the native token of the ZK-powered automation layer Newton Protocol, skilled a pointy value drop following its itemizing on main cryptocurrency exchanges, together with Binance and Bitget.

On June 24, NEWT was formally listed on Binance, marking the token’s Token Generation Event. It was rapidly adopted by spot listings on Coinbase, Bybit, Upbit, MEXC, Gate.io, KuCoin, Bithumb, and Bitget.

The TGE established a set whole provide of 1 billion NEWT tokens. Of this, 100 million NEWT was allotted to early customers of the Kaito/NEWT ecosystem, together with snapshot members and lively customers on companion platforms. This airdrop, managed by the Magic Newton Foundation, was absolutely unlocked and claimable beginning June 24.

In addition, 12.5 million NEWT or 1.25% of the full provide was distributed to Binance customers who held BNB in Simple Earn, Locked Earn, or the BNB Vault between June 14 and 17, 2025. These tokens have been additionally absolutely unlocked at TGE and credited on to eligible customers’ spot wallets.

Following the TGE, the token initially rallied, surging by 67% from its launch value of $0.49 to $0.82 inside hours. However, the pattern rapidly reversed with NEWT falling 44% to $0.46, probably attributable to rapid profit-taking from airdrop recipients.

Such post-airdrop sell-offs are widespread in early-stage token markets and sometimes end in short-term volatility.

Despite the preliminary market response, Newton Protocol’s tokenomics reveal a structured and long-term alignment technique.

According to the challenge’s official disclosures, 60% of the full NEWT provide has been earmarked for community-focused initiatives, together with ecosystem improvement, consumer incentives, and development applications. The Magic Newton Foundation is answerable for governing these allocations and issuing quarterly transparency reviews.

All staff and contributor allocations are topic to a 12-month lock-up, adopted by 36 months of linear vesting, making certain that inner stakeholders can’t instantly promote their holdings.

What is Newton Protocol?

Newton Protocol is a ZK-powered on-chain automation infrastructure developed by Magic Labs, a Web3 infrastructure firm identified for pioneering embedded wallet expertise and serving because the founding improvement staff behind Newton.

Magic Labs performs a crucial position in growing the protocol’s verifiable automation framework, contributing the core open-source codebase and main ecosystem design by way of its affiliated entity, the Magic Newton Foundation.

The protocol permits safe activity delegation to AI brokers utilizing verifiable automation, combining Trusted Execution Environments and zero-knowledge proofs to make sure each motion is cryptographically confirmed to observe consumer directions.

“Our number one priority is making verifiable automation accessible via a system built on fairness that users can count on,” Mohammad Akhavannik, Managing Director at Magic Newton Foundation, advised crypto.information.

NEWT serves because the utility and governance token throughout the Newton ecosystem, powering validator staking, automation payment funds, entry management updates, and governance participation.

Earlier this yr, Newton raised roughly $90 million from notable backers together with PayPal Ventures, Polygon, and Magic Eden to construct out its infrastructure and speed up ecosystem adoption.

Disclosure: This article doesn’t symbolize funding recommendation. The content material and supplies featured on this web page are for instructional functions solely.

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