Best Wallet, the crypto project that raised over $18 million through a year-long presale campaign, has finally launched its BEST token on 28 November. The launch took place on three centralized exchanges, with MEXC and KCEX listing $BEST at 2 PM UTC, followed by KuCoin at 3 PM UTC, and on the decentralized exchange Uniswap at 12 PM UTC.
On MEXC, the BEST token opened trading at around $0.01, briefly surged to an all-time high of $0.01644, and then fell sharply within hours to an all-time low of $0.005. As of writing, $BEST is trading at $0.00518, down 80% from its final presale price of $0.026015. The same pattern occurred on other exchanges, with KuCoin seeing the highest activity and a 24-hour trading volume of $4.7 million at the time of writing.
On Uniswap, initial liquidity was set at 160 WETH (worth $486,560) and 18.8 million BEST tokens, resulting in a listing price of approximately $0.0258. Within minutes, the token price fell to $0.007840, a 70% drop from the listing price. While the token recovered to $0.01223 later that day, it resumed its decline and is now trading at $0.005153.
BEST token has a total supply of 10 billion tokens, and during the presale, the implied fully diluted valuation (FDV) reached $260.15 million based on the final presale price of $0.026015. This high valuation placed the project above many established tokens, despite its relatively unknown status outside presale circles, its anonymous structure, and its close association with other anonymous and lower-quality presales.
With the current price hovering around $0.0051, the FDV has dropped to approximately $50 million. This valuation level appears more in line with an anonymous crypto project, especially one that has built its ecosystem around promoting and facilitating access to other anonymous presales with questionable transparency or utility.
Best Wallet is a non-custodial mobile crypto wallet available on iOS and Android, supporting more than 50 blockchains. The app includes built-in token swaps, staking options, fiat on-ramps, portfolio tracking, and an “Upcoming Tokens” section that functions as a presale launchpad.
Between November 2024 and November 2025, Best Wallet conducted a 150-stage presale of its BEST token. The presale increased in price gradually and collected over $18 million from an estimated 55,000 contributors. The wallet emphasized accessibility by allowing purchases directly through the mobile app.
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