Binance Alpha has announced the opportunity for users to claim DEGEN tokens. The airdrop program will start on June 14, 2025.
Requirements to Claim DEGEN Tokens
Users with over 245 Alpha Points will be eligible for airdrop totaling 13,862 DEGEN tokens. To claim tokens, users need to spend 15 Alpha Points for each request within a 24-hour window.
> "Eligible users with 245+ Alpha Points can claim 13,862 DEGEN tokens on the Alpha Events page starting June 14, 2025, at 07:00 UTC. Claiming the DEGEN airdrop will consume 15 Alpha Points. Users must claim within 24 hours or forfeit the airdrop." - Binance Alpha Team, Official Announcement.
Impact of Airdrop on the Market
The distribution of DEGEN tokens could temporarily increase trading volume for this asset. Previous instances show that similar airdrops spur market activity for newly distributed tokens initially. However, the airdrop is unlikely to directly influence major assets such as BNB, ETH, or BTC.
Conclusion and Prospects for DEGEN Token
While the immediate effects of DEGEN token may be noticeable, historical data indicates that attention can be short-lived. Further outcomes will depend on token adoption on the platform and community response.
The DEGEN token airdrop represents Binance's ongoing initiative to enhance user engagement, and its success will depend on the token's market acceptance.
