The LION token, launched by Crypto.com’s flagship NFT project, Loaded Lions, has dropped 48% from its all-time high (ATH) as early airdrop participants cashed in their profits.
LION Token’s Market Performance
On February 27, Crypto.com officially launched the LION token with an airdrop to Loaded Lions NFT holders. The token debuted on Crypto.com App, VVS Finance, and Crypto.com Exchange, with CoinGecko listing it on March 3. Upon launch, LION surged to an ATH of $0.004339, but it has since declined sharply, trading at $0.002225 at the time of writing, marking a 48% drop.
LION Token Utility and Expansion Plans
LION serves as the primary utility token for the Loaded Lions NFT project, Crypto.com’s first platform-owned NFT profile picture (PFP) collection. The 10,000-piece NFT series offers holders access to Mane Net, an exclusive community featuring VIP experiences, giveaways, and priority NFT drop access.
Currently, LION operates exclusively on the Cronos EVM chain, but Crypto.com plans to expand its availability to Ethereum (ETH), Solana (SOL), and other blockchains. Token holders will be able to stake LION in on-chain vaults and other Crypto.com staking programs, receiving rewards, app perks, and benefits within Loaded Lions: Mane City. Additionally, LION holders will gain governance rights, allowing them to participate in decision-making within the ecosystem.
LION Tokenomics and Community Growth
With a total supply of 100 billion tokens, the LION tokenomics model is designed to support community engagement, strategic partnerships, and ecosystem sustainability:
- 50% allocated to community & strategic partnerships, including 20% directly for the community, 15% for incentives, and 15% for strategic collaborations.
- 10% dedicated to operations and marketing.
- 15% reserved for ecosystem development.
- 25% allocated to liquidity.
Despite its sharp post-launch decline, the long-term success of LION may depend on its expansion to new blockchains, staking rewards, and governance incentives. Investors will be watching closely to see if the token can regain momentum in the coming months.
