STO price surges over 30% on Binance listing news

StakeStone (STO) price is by over 30% in the past 24 hours, buoyed by spot listing on Binance exchange.

STO began trading on Binance spot at 16:00 UTC on May 2 across multiple pairs, including USDT and BNB. According to the official announcement, eligible users who subscribed Binance Coin (BNB) to Simple Earn products—either Flexible or Locked—and On-Chain Yield between April 27 and April 29, will receive STO airdrops as part of the launch incentives.

Prior to this, the token was only available on Binance’s Alpha Market, giving early access to select users.

Launched in early April through a token generation event by Binance Wallet, StakeStone quickly gained traction with listings on exchanges like MEXC, Bitget, KuCoin, and Gate.io. Today’s listing on Binance has further boosted the project’s visibility and the token’s price, leading to over 30% surge in the token’s price.

At press time, STO trades at $0.17 with the trading volume of over $45 million. On the 4-hour chart, today’s 30%+ surge has pushed STO price well above both the 20-period EMA and the 50-period SMA, signaling strong bullish momentum. The RSI has also entered overbought territory above 70 on the breakout, suggesting a potential pullback or consolidation in the near term. However, a bullish crossover between the 20 EMA and the 50 SMA happened before the breakout, potentially serving as an early signal of the uptrend.

Looking ahead, this sharp rally may be due for a short-term pullback, but the technical setup suggests a broader uptrend could be unfolding.