Some altcoins have been picking up steam lately. Today, we’re taking a closer look at the Solana-based Grass Token, a project we’ve been tracking closely ever since its first airdrop in late 2024.
Let’s dive into what makes Grass worth watching right now.
What Is the Grass Token?
Grass is a token powering a decentralized physical infrastructure network (DePIN) on the Solana blockchain. It aims to transform unused internet bandwidth into a valuable asset by letting users share their bandwidth in return for GRASS tokens. This model creates both a utility and a reward loop for users, giving the token real-world value from the start.
Grass has gained early traction due to its user-friendly onboarding, strong community incentives, and support from DePIN-focused investors.
Related: Hot list of current DePin Airdrops
Grass Airdrops: Season 1 and Ongoing Phase 7
Grass first gained major attention during Season 1, a widely popular DePIN airdrop campaign on Solana. Thousands of users earned free tokens by sharing bandwidth and helping build the network.
Currently, Grass is in Stage 2, Phase 7, and rumors suggest a new airdrop might be just around the corner. If you haven’t signed up yet, now might be the perfect time to get involved.
Sign up here for the latest Grass airdrop
Grass Token Price Action
Grass (GRASS) is trading at $1.96 (GRASS/USD), giving it a live market cap of $540.44 million. The 24-hour trading volume stands at $8.25 million, showing a modest 1.39% increase over the past day.
With a circulating supply of 275.48 million tokens, the token appears to be gaining steady momentum.
While these are early numbers compared to other Solana-based giants, GRASS has already positioned itself as a solid mid-cap token.
With the Grass token price going up, airdrop farmers are anticipating a bigger cook! Price up means bigger airdrop, right?
Grass Fundamental Analysis
Fundamental analysis helps us understand the token’s potential beyond price charts.
For Grass, key metrics include:
- Market Cap: $540.44 million
- Circulating Supply: 275.48 million
- Token Utility: Rewarding bandwidth-sharing through DePIN
- Community Growth: Active participation and high airdrop engagement
- On-Chain Activity: Rising number of active and new addresses
These indicators suggest organic interest. As long as adoption continues and more users join the ecosystem, demand for GRASS could keep rising.
Additionally, strong tokenomics — especially a fair airdrop model and real-world use case — give Grass a fundamental edge over many hyped tokens with no clear utility.
RSI and Technical Outlook
Let’s explore the Relative Strength Index (RSI), a tool traders use to measure momentum.
Currently, in the 4-hour time frame, Grass is showing a bearish trend with an RSI reading of 54 — after coming down from potential oversold conditions at 77. If RSI returns to the 50 level, that could act as resistance or a pivot point..
Another indicator to watch is the Moving Average Convergence Divergence (MACD), which has been flattening recently. If it crosses upward, we might see a trend reversal.
Support level appears around $1.80, with resistance near $2.15. A strong breakout above $2.15 with rising volume would confirm a bullish continuation.
Trade $GRASS on Bybit
What Drives the Price of Grass?
Several key factors influence Grass’s price action:
- Supply and Demand
Like most tokens, GRASS thrives when demand outpaces supply. As more people sign up to share bandwidth or speculate on the token’s future, buying pressure grows. - Airdrops and User Adoption
New airdrop phases often lead to increased attention and volume. With Phase 7 ongoing, a new wave of interest could follow. - Protocol Updates
Any major upgrades, new integrations, or ecosystem partnerships could act as price catalysts. - Whale Movements
Large holders can cause price swings. A major sell order can cause panic, while accumulation may signal insider confidence. - Macro Sentiment
Broader market sentiment also affects Grass. Bullish trends on Solana or in the DePIN space can pull GRASS up along with them. - Regulatory Climate
Any new regulation around bandwidth sharing, decentralized infrastructure, or token rewards could impact the token positively or negatively.
Final Thoughts
Grass Token is quietly becoming one of the more promising Solana-based assets in the DePIN space.
With a strong foundation, active community, and a second airdrop campaign already in motion, GRASS is a token to keep an eye on. Its current price of $1.96 reflects early traction, but the upside potential remains — especially if adoption continues and new features roll out.
If you missed Season 1, don’t worry. You can still join the airdrop in Phase 7 and position yourself early for any future runs.
Stay tuned. The grass might be greener with GRASS.
If you enjoyed this blog, check out our recent blog about trading Gold.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
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