As the cryptocurrency market continues to evolve, a new trend is emerging — Airdrop Season. Ethereum scaling solution AltLayer has taken the lead by going live with a massive $100 million token airdrop to early users. This marks the beginning of a week-long frenzy as two other protocols gear up for even larger token distributions. In this article, we delve into the details of AltLayer’s airdrop and explore what’s on the horizon for Celestia stakers, Dymension participants, and users of the Solana-based decentralized exchange, Jupiter.
AltLayer Sets the Stage with $100 Million Airdrop
AltLayer has made history by initiating the first of at least three major token airdrops, unleashing a staggering $100 million worth of ALT tokens to early users. The claiming process commenced on January 25th, with an allocation of 300 million tokens and an average daily price of $0.32. At current prices, the total airdrop amounts to approximately $96 million. However, Celestia stakers anticipating the ALT airdrop are facing a slight delay due to “technical differences in the claiming mechanism,” according to AltLayer.
Read more: LayerZero Airdrop Guide (2024): Step by Step To Get Free $ZRO
Dymension and Jupiter Join the Airdrop Extravaganza
Dymension, a multilayer rollup deployer, is gearing up for its mainnet launch in the coming days. The project plans to airdrop 70 million DYM tokens, with a distribution strategy favoring Celestia stakers and Pudgy Penguin NFT holders, as well as participants in the Solana and Ethereum ecosystems. Meanwhile, Solana-based decentralized exchange Jupiter has confirmed the launch of its JUP token on January 31st. With a distribution of 1 billion tokens and a pre-market trading price of $0.41, the JUP airdrop at current prices is valued at around $410 million.
Read more: Scroll Airdrop (2024): The Comprehensive Guide to Be Eligible
Conclusion
As the airdrop season gains momentum, crypto enthusiasts should tread carefully, especially on platforms like X, where scam accounts are mimicking official social media pages of crypto firms to exploit unsuspecting users. Beyond the potential pitfalls, these airdrops signify a dynamic phase in the crypto space, with innovative projects seeking to reward early users and foster community engagement. Keep a close eye on upcoming developments as the airdrop extravaganza unfolds throughout the week.
