Binance Alpha has announced a DEGEN token airdrop available to users with sufficient Alpha points. This airdrop aims to enhance user engagement and liquidity.
Eligibility for the DEGEN Airdrop
To qualify for the DEGEN airdrop, users must have a minimum of 245 Alpha points. Starting from 15:00 on June 14, 2025, participants can claim 13,862 DEGEN tokens. To submit their application, users need to spend 15 Alpha points. Failure to apply within the designated time will result in the loss of the opportunity.
Market Impact of the Airdrop
The crypto community is closely monitoring the launch of the DEGEN airdrop. It is anticipated that this event will attract significant trading activity. Previous airdrops from Binance, such as the HOME token launch, have traditionally resulted in surges in trading volume, aligning with the company’s strategy to boost platform activity.
Future Prospects for DEGEN
Currently, the DEGEN token is priced at $0.00 with a market capitalization of $54.64 million. Its fully diluted market cap is $142.45 million, and the circulating supply is 14.18 billion tokens. Over the last 90 days, DEGEN has seen a price increase of 17.61%. The recent 24-hour trading volume is at $13.69 million, showing an 11.86% decrease.
The DEGEN token airdrop from Binance presents new opportunities for platform users and could significantly impact the market by enhancing liquidity and trading activity.
