Binance Alpha has announced an airdrop for DEGEN tokens, allowing users the opportunity to receive tokens through a new initiative requiring a certain number of Alpha points.
What is the DEGEN Airdrop?
The DEGEN token airdrop, which commenced on June 14, 2025, provides users with the chance to claim 13,862 tokens if they have 245 or more Alpha points. According to representatives from Binance, users can request tokens via the Alpha Events page. This event did not garner statements from CEO Richard Teng or other high-ranking executives.
Market Impact and Token Price
Following the launch of the airdrop, the price of DEGEN token rose by 6.5%, indicating heightened trading activity. User participation led to increased trading volumes, although significant reactions from government or regulatory bodies were not observed.
Future Prospects for DEGEN Token
According to CoinMarketCap, DEGEN's market capitalization stands at $52.42 million, with a fully diluted valuation reaching $136.66 million. Despite the recent increase, the airdrop is expected to increase token volatility, potentially leading to periodic surges and downturns in the market.
The DEGEN token airdrop from Binance offers users the chance to engage with the platform's ecosystem, creating renewed interest in the token on the market. Further analysis of price trends and trading volumes is anticipated in the coming months.
