Wayfinder spikes 180% post-airdrop, Ethereum struggles at $1,600

Despite Ethereum’s continued struggle to maintain the $1,600 price level, several altcoins posted triple-digit gains.

Wayfinder (PROMPT), Magic Internet Money (MIM), and Bitcoin Wizards (WZRD) are leading the charge in the past 24 hours.

Wayfinder has risen by 179.2% in the last 24 hours and trades at $0.5043 from a low of $0.1798. The token currently has a market cap of $113 million.

The impressive rally follows several key developments for the project. Wayfinder recently completed an airdrop, distributing 40% of the total PROMPT supply to eligible participants.

This wide distribution was complemented by listings on multiple major exchanges like Bitget, KuCoin, OKX, Hyperliquid, HTX, Gate.io, etc.

Social media visibility has also played a role in PROMPT’s price surge as the token has also been trending on X.

Second on CoinGecko’s top crypto gainers list is MAGIC•INTERNET•MONEY (MIM). MIM has gained 147% over the past 24 hours to $0.003587 from a low of $0.00145.

MIM’s price surge appears directly connected to the project’s recently announced token migration. The team behind MIM has implemented a migration plan allowing holders of Bitcoin Wizards (WZRD) tokens to claim MIM until April 15.

This migration announcement has driven increased trading activity for both tokens.

Bitcoin Wizards has jumped 127.5% in the last 24 hours and has reached $2.50 from $1.09. The token has maintained a strong surge over longer timeframes as well, with 100% growth over the past week and 96% over the last month.

Created by the same team behind Mavensbot, WZRD’s performance is closely tied to the ongoing token migration.

Both tokens have been trending on social media platforms as users discuss the migration process.

While these smaller tokens rally, Ethereum (ETH) continues to face pressure and struggles to maintain price stability in the past few weeks, even as Bitcoin (BTC) has shown some stability around $83,000.