Coinstore Still Silent as $SON Claims Go Live: Is Spur Protocol Actually Listing Today?

Spur Protocol Listing Date Unclear as Coinstore Remains Silent While Claims Go Live

The expected listing of Spur Protocol’s native token has become one of the most closely watched and uncertain crypto launches of late January, as key milestones arrive without the confirmations typically associated with an exchange debut.

As January 30 unfolds, token claims tied to the KingdomStarter Spur Protocol airdrop have officially opened, and migration processes are underway. Yet despite these developments, the project has not confirmed a firm exchange launch, and no independent announcement has been issued by Coinstore, the platform widely expected to host the token’s debut.

What was initially framed as a routine listing has now evolved into a broader test of credibility, following an underfilled presale, repeated schedule changes, and a lack of synchronized communication from official channels.

Presale Ends on Schedule, Not Demand

On-chain data indicates that Spur Protocol’s presale concluded strictly due to its predefined timeline rather than reaching its hard cap. According to the SpurSwap presale dashboard, approximately 1.88 million SON tokens were sold out of a total allocation of 8.33 million, meaning only 22 to 23 percent of the available presale supply was taken up.

This left nearly 77 percent of the allocation unsold, a figure that has drawn attention among market observers. Trading data shows no late surge in buying activity, with the transaction curve flattening toward the end of the sale period.

Analysts say this pattern typically reflects cautious investor sentiment rather than strong market demand. In practical terms, the large volume of unsold tokens increases dilution risk and places pressure on any post-listing price expectations.

Market participants note that this dynamic complicates near-term price discovery, especially if early holders seek liquidity soon after trading opens.

Listing Expectations and the Silence From Coinstore

An update circulated by Spores Network outlined a January 30 timeline for Spur Protocol, indicating that token claims and a potential exchange launch were expected around 10:00 a.m. UTC, with trading anticipated on Coinstore. The update referenced a 10 percent token generation event unlock, followed by 10 percent monthly vesting, based on an initial offering price of $0.03.

Source: Xpost

However, neither the Spur Protocol team nor Coinstore has published matching confirmations through their official channels.

This absence is notable. In standard exchange launches, coordinated announcements from both the project and the exchange are considered a baseline requirement to ensure transparency and market confidence.

The concern is amplified by Spur Protocol’s shifting launch schedule. Since late 2025, the listing timeline has moved multiple times, from an initial fourth-quarter target to December 19, then January 8, January 26, and now January 30. Each delay has eroded confidence rather than reinforcing it, according to analysts tracking early-stage token launches.

Without synchronized confirmation, market participants caution that the listing timeline should still be treated as provisional.

KingdomStarter FCFS Round and Airdrop Claims Go Live

Despite uncertainty around the exchange debut, activity within the project’s fundraising ecosystem has continued.

A community-based FCFS Phase 2 round on KingdomStarter has concluded successfully, raising approximately $50,000 USDC and reaching nearly 100 percent completion. The round allocated 1,666,670 SON tokens, and claims from this phase are now live.

Token migration has also begun, a step intended to improve interoperability and functionality across the project’s ecosystem.

While the completed FCFS round is viewed as a short-term operational positive, analysts caution against interpreting it as a signal of broad market demand. The amount raised represents only a small fraction of the original presale allocation and does not materially change the overall supply dynamics.

As such, it offers limited insight into how the wider market may respond once open trading begins.

Price Outlook and Market Sentiment

Attention has now shifted toward potential listing-day price behavior, should trading begin on Coinstore.

Premarket indicators cited by analysts suggest a cautious outlook. Based on current liquidity expectations and supply structure, some estimates place a realistic initial trading range between $0.00110 and $0.00125, significantly below the original offering price.

Short-term rebounds toward the $0.00140 to $0.00155 range would likely require stable liquidity, confirmed exchange support, and clear communication from the project, according to market analysts quoted by HOKANEWS.

The risk scenario, however, remains prominent. If trading does not commence as expected and the airdrop claim window closes without further clarity, sentiment could weaken further. In that case, prices could drift toward the $0.00090 to $0.00105 range as participants exit positions amid uncertainty.

Analysts emphasize that even a delayed listing may struggle to gain traction unless accompanied by transparent updates and restored confidence.

A Question of Credibility, Not Timing

At this stage, observers say the Spur Protocol listing date is no longer just a scheduling issue. Instead, it has become a question of credibility and communication.

Token launches in the current market environment face heightened scrutiny, particularly after a period marked by underperforming listings and abrupt delays across the broader crypto sector. Investors increasingly expect clear, verifiable updates and alignment between project teams and exchanges.

With claims and migration processes underway but no official confirmation from either Spur Protocol or Coinstore, risk remains elevated. Market participants say the next set of communications will be critical in shaping sentiment and determining whether the project can regain trust.

Conclusion

As of January 30, Spur Protocol stands at a pivotal moment. The opening of airdrop claims and completion of a community funding round demonstrate ongoing operational activity, but the absence of confirmed exchange communication continues to weigh on market confidence.

Whether the token lists today or at a later date, analysts agree that clarity and consistency will be essential. In a market where credibility often determines long-term viability, transparent coordination between projects and exchanges may matter as much as the listing itself.

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Writer @Erlin
Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.
 
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