Rita Dfouni
- LOKA surged 606% to $0.82 before correcting, driven by exchange-backed migration to Arena-Z.
- A whale wallet withdrew 170M LOKA, triggering a 97% drop in exchange supply and sparking a supply shock.
- Arena-Z rebrand introduces multigame support, OP Superchain integration, and unified Web3 gaming identity.
According to TradingView analysis, League of Kingdoms (LOKA) surged 606% to an intraday high of $0.82 on July 31 before retracing sharply to $0.30 at the time of writing. The rally came as the token began its transition into Arena-Z, a rebranded multigame ecosystem that has drawn broad exchange support and triggered high-impact whale activity.
LOKA staged the rally earlier today as several top-tier exchanges, including Binance, Bitget, KuCoin, Gate.io, MEXC, and Crypto.com announced support for the project’s migration to Arena-Z. Binance completed the token swap on July 30, converting LOKA to A2Z at a fixed ratio of 1:20, and subsequently opened deposits, withdrawals, and spot trading for A2Z.
The explosive intraday move was accompanied by a massive surge in trading activity. LOKA’s 24-hour trading volume jumped more than 10,000% to reach $32.4 million, up from roughly $1 million the previous day. Market sentiment appeared to be driven by both the migration narrative and a significant supply-side shock caused by whale activity.
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According to on-chain data, a single whale wallet withdrew approximately 170 million LOKA from centralized exchanges, accounting for about 34% of the circulating supply. This action triggered a 97% drop in available exchange reserves, effectively removing most of the liquid supply from the market and intensifying the price rally. Traders appear to have interpreted the move as a bullish signal of long-term conviction, prompting a surge in retail demand.
Arena-Z rebrand marks strategic shift in league of kingdoms’ ecosystem
Despite the sharp correction from the intraday high, LOKA remains up significantly from its pre-rally levels. However, its 24-hour performance stands at -74.8%, with a current market cap of approximately $159 million, according to crypto.news.
LOKA’s underlying game, League of Kingdoms, first launched in 2020 as a Web3 MMO strategy game. It allowed players to build kingdoms, form alliances, and compete in large-scale battles. The original token supported in-game purchases, staking, and governance, but the development team has since rebranded the project as Arena-Z to reflect its expanded ambitions.
The Arena-Z platform, launched on July 16, 2025, aims to support a multigame ecosystem, including new titles such as LOK Chronicle and LOK Hunters. It introduces cross-game rewards, shared player identity, and universal progression systems. To enhance performance and reduce costs, Arena-Z now integrates with the OP Superchain, providing faster, lower-cost transactions while maintaining compatibility with Ethereum.
While A2Z debuted at $0.0059, it experienced a brief post-launch rally before retracing nearly 17% by press time. Nevertheless, the strong exchange support, whale conviction, and ecosystem expansion narrative have all contributed to putting LOKA—and Arena-Z—on the radar of speculative traders and Web3 gaming enthusiasts alike.
