LMTS surged 200% within 24 hours of launch, with trading volume jumping.
Accusations of token dumping followed by a team buyback sparked debate.
LMTS remains in price discovery mode with potential upside if demand holds
LMTS, native to the Limitless exchange, has seen its price surge by 200%. This development comes less than 24 hours after the Limitless crypto launched.
At press time, the LMTS price is $0.33, and trading volume rose over 7,000% within the same period.
What’s next for the cryptocurrency? Let’s find out.
Limitless Launches
For those unfamiliar, Limitless enables users to trade on real-world outcomes through a system that is closely similar to binary options.
This emerging niche, referred to as “Prediction Markets,” has been gaining traction within the crypto space.
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The narrative has been building momentum for some time, with Polymarket widely recognized as the leading platform driving adoption and visibility in this sector.
Yesterday, Limitless announced that its native token, LMTS, is officially live for trading.
“Prediction markets can fundamentally shape a new era of trading. With a mix of speed, clarity, and community-driven insights, Limitless has the power to open new possibilities across financial assets and beyond,” The project stated.
According to CCN’s findings, the token has a maximum supply of 1 billion LMTS, with a current circulating supply of approximately 131.59 million tokens at press time.
In addition, the project revealed that during its Token Generation Event (TGE), 25% of the total supply will be allocated to the team, while 24.37% will be distributed as an airdrop to early adopters.
However, the Limitless crypto launch was not without controversy. Shortly after trading began, Defi Maestro, the head of mETH Protocol, accused the Limitless team of dumping tokens immediately following the launch.
Accusations of Token Dumping Emerge
The claim quickly gained traction on X, sparking debate within the crypto community.
Interestingly, this allegation coincided with a sharp drop in LMTS’s price. From the charts, the cryptocurrency fell from $0.72 to $0.21 within a short period.
However, according to on-chain data, the team is buying back the dumped tokens at an average price of $0.34.
While the timing fueled speculation about insider activity, the project team has yet to issue a detailed response addressing the accusation.
“Today, we had a very successful stealth launch and managed to out run the snipers. The proceeds that you see inside 0xBF3132977d9801506deF8E927c4Ff06E5b0801d1 will be used for buybacks in appropriate price ranges as more airdrop recipients exit the network,” CJ Hetherington,” co-founder of the project revealed.
LMTS Price Prediction
While the LMTS price has surged over 200% since launch, the token still appears to be in price discovery mode.
This phase typically brings heightened volatility as traders seek to determine a fair market value.
Until clear support and resistance levels emerge, wide price swings are likely as liquidity stabilizes.
Moreover, the Limitless crypto is not yet listed on any centralized exchange (CEX), limiting exposure. However, it also leaves room for upside momentum.
With its market cap below $50 million, LMTS could trade higher in the short term, provided buying interest remains steady and selling pressure does not intensify.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
