Why is Mitosis (MITO) Up Over 142% Today?

Mitosis (MITO), the native token of the Mitosis liquidity protocol, surged over 142% on Friday to reach $0.3192 before retracing slightly. CoinGecko data shows its trading volume jumped to $80.4 million in the past 24 hours, representing a 1,025% increase from the previous day.

Analysts attribute the surge to announcements from major exchanges, including Binance and Gate. The listings and promotional events appear to have sparked strong early interest in MITO, driving the sharp increase in trading activity.

MITO Launches on Major Exchanges

Binance recently confirmed MITO as the 34th project on its HODLer Airdrops page. According to the exchange, users who staked BNB in Simple Earn or On-Chain Yields between August 3 and August 6, 2025, are eligible. The tokens will appear in Spot accounts at least one hour prior to trading commencing.

The exchange will list MITO for trading on August 29, 2025, at 15:30 UTC. Trading pairs include USDT, USDC, BNB, FDUSD, and TRY. Deposits are open at 11:30 UTC on the same day.

Mitosis has a total and maximum supply of 1 billion MITO tokens. Upon listing on Binance, 181.3 million tokens, or 18.13% of the total supply, will be in circulation, with 15 million allocated specifically for HODLer Airdrops.

Additional allocations include 5 million MITO reserved for post-listing marketing campaigns. Another 15 million tokens are scheduled for distribution six months later, with further details to be announced separately by Binance.

Meanwhile, Gate Exchange also listed MITO for spot trading on August 29, 2025, at 11:00 UTC. The token was previously accessible on Gate Alpha, starting August 28, giving early access to platform users. This also expanded opportunities for public participation across major exchanges.

Rising Interest and Market Momentum for MITO

Mitosis continues to attract attention for its cross-chain functionality and the flexibility it offers liquidity providers. With adoption likely to increase, trading activity may remain elevated, especially following high-profile exchange listings and airdrop distributions.

Part of this interest stems from the protocol’s design, which aims to enhance cross-chain liquidity for the modular blockchain era. It allows liquidity providers to receive derivative tokens that are 1:1 convertible to their locked assets, which can be used in other decentralized finance (DeFi) applications to generate additional yield.

This functionality has translated into multiple trading options for MITO. Its native token is traded on both centralized and decentralized platforms, providing users with multiple access options. LBank is currently the most active venue, with the MITO/USDT pair recording $3.5 million in 24-hour volume.

Additionally, other trading options include PancakeSwap Infinity CLMM on BSC and MEXC, providing further flexibility for participants. These listings support the growing adoption of MITO and provide additional liquidity opportunities for users across different networks.

Moreover, the growing activity is reflected in MITO’s market metrics. With a market capitalization of $47.4 million, MITO’s circulating supply stands at 196 million tokens. On-chain data projects a fully diluted valuation of approximately $242 million, based on a maximum supply of 1 billion tokens.

Consequently, the notable price surge in MITO underscores market excitement surrounding these developments. Traders and observers are closely monitoring whether MITO can maintain momentum in the days following its debut on major platforms, reflecting strong initial interest in both the protocol and its native token.

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