Loka organized a strong rally earlier today when more trade fairs promised their support for his continuous migration to Arena-Z.
Summary
- Loka rose more than 600% on 31 July before corrected, driven by migration from the stock market to Arena-Z.
- A Walvispallet withdrew 170 million Loka from trade fairs, which activated a fall of 97% in the available delivery at trade fairs.
- Binance completed the Loka-TO-A2Z token change against a 1: 20 ratio.
According to data from crypto.news, League of Kingdoms (LOKA) scored 606% to an intraday highlight of $ 0.82 on July 31 before he settled much lower at $ 0.30 when writing. The Gaming-Token based on Ethereum has remained at 74.8% for the past 24 hours, with a market capitalization of $ 159 million.
The rally took place in the midst of an increase in commercial activity, with 24-hour volume that rose more than 10,000% to $ 32.4 million, considerably higher than the approximately $ 1 million that was registered the previous day.
What did the rally rally?
The explosive rally of Loka comes today because the project is officially renamed Arena-Z. As part of the transition, holders exchange their Loka tokens for A2Z in the event of a fixed exchange ratio of 1:20.
Various Tier-1 exchanges have supported the migration. Recently, Binance, the world’s largest cryptocurrency exchange, completed The Token Swap on July 30 and launched deposits, recordings and spot trade for A2Z.
According to data from Coingecko, the new token was launched at an initial price of $ 0.0059. A2Z initially saw a short rally when the trade followed, but then lost most of his intraday wines and dropped around 17%at the time of the press.
In addition to Binance, various other top fairs, including Bitget, Kucin, Gate.io, Mexc and Crypto.com, have supported the migration. The coordinated support of large platforms may have helped to push Loka on the radar of a wider investor base, whereby traders may keep an eye on a final speculative push to increase profits before the token is completely phased out.
However, a more direct engine of the Golf was a significant activity on the chains by a single whale portionian.
According to facts From Blockchain Analytics platform Arkham withdrew a wallet identified as Arena-Z.eth 170 million Loka-Tokens from exchanges just two days prior to the rally. At the time, the stock was worth around $ 19.25 million, but has since been bleached in value to $ 52.56 million from the moment of the press, which represents a non -realized profit of almost $ 37 million.
The wallet alone now has about 34% of the circulating range of Loka, and its enormous intake ensured that exchange reserves cause a decrease of 97% in exchange reserves, so that the majority of the available range was effectively removed and caused a considerable supply shock.
With such a dominant share of the circulating offer that was moved from stock markets, the market probably interpreted the move as a strong signal of conviction, causing a wave of buying in the retail trade.
Why is League of Kingdoms Rebranding?
League of Kingdoms is a Web3 MMO strategy game for the first time launched in 2020. With this, players can build kingdoms, form alliances and compete in huge online battles
Initially, the Loka-Toks supported in-game purchases, deployment and governance. However, the development team tried to expand the project further than a single game. To achieve this, on July 16, 2025, the project renamed Arena-Z, aimed at building a broader ecosystem with a multiple name.
The new platform now organizes several titles, including Lok Chronicle and Lok Hunters, and introduces cross-game rewards, universal progression and a uniform player identity. Arena-Z also integrates with the superchain, which makes faster, cheap transactions possible while retaining Ethereum compatibility.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
