Grass token continued its strong rally, reaching its highest level since its airdrop on Monday, Oct. 28.

Grass (GRASS) jumped to a high of $1.1418, pushing its fully diluted valuation to over $1 billion. It has become one of the most successful airdrops this year, outperforming the likes of Wormhole (W), ZkSync (ZK), and Hamster Kombat (HMSTR).

A likely reason for the rally is traders’ expectations of additional tier-1 exchange listings. Currently, most trading occurs on exchanges like Gate, HTX, and Bybit. With rising volume, there is potential for platforms like Binance and Coinbase to list the token.

Grass also climbed as futures open interest continued to rise. Data from CoinGlass indicates that interest reached $50 million, primarily on Bybit and OKX.

Futures open interest is an …