Aztec token jumps 20% after major exchange listings
The privacy-focused Ethereum Layer 2 network Aztec has successfully launched on major cryptocurrency exchanges. The network’s native token, AZTEC, has gained 20% since trading began, rising above $0.02.
Aztec is a well-known project in the Ethereum L2 and privacy token segment. The team previously raised up to $170 million from leading venture investors, including a16z, Paradigm, Vitalik Buterin, Aave, Coinbase Ventures, ConsenSys, and other major funds.
The project stands out from competitors by supporting not only simple private transfers but also complex smart contracts. Aztec allows developers to determine which data should be disclosed and which should remain private, combining private and public functions. In certain cases, data disclosure may be possible at the request of regulators.
A favorable day for altcoins
The strong debut was supported by a combination of factors, including confirmed listings on Coinbase and Huobi on February 12, which triggered an immediate influx of liquidity and buying pressure. As a result, trading volume reached $48 million, and the token managed to hold its price 20% above the initial level.
An additional factor behind the rally was broader liquidity rotation from Bitcoin and Ethereum into the wider altcoin market.
AZTEС price dynamics over the past 24 hours. Source: CoinMarketCap
So far, approximately 28% of the total token supply — 10.35 billion AZTEC — has entered circulation.
A key question now is whether the project can sustain trading volume and bullish momentum while remaining above the $0.020 support level. Failure to hold this level could lead to a decline toward $0.018 and potentially $0.015.
As we wrote, Binance warns of fake listing agents, offers $5 million rewards
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