Binance Alpha Launches DEGEN Token Airdrop for Eligible Users – Coincu

Eligible users on Binance Alpha can apply for a DEGEN token airdrop starting at 15:00 on June 14, 2025.

The airdrop could enhance user engagement and liquidity, aligning with Binance’s tradition of innovative incentive programs.

Binance’s DEGEN Airdrop Sets Stage for Increased Trading

Binance Alpha has initiated a DEGEN token airdrop, allowing eligible users with a minimum of 245 Alpha points to claim 13,862 DEGEN tokens. This opportunity will be available on the Alpha event page starting June 14, 2025, with a claim period of 24 hours.

Participants must use 15 Alpha points to submit their application for the DEGEN airdrop. Failing to apply within the allocated time will result in forfeiture of the opportunity. This structured approach mirrors previous airdrop events hosted by Binance.

The crypto community is closely watching the DEGEN airdrop launch. While there has been no official comment from Binance’s leadership, the event is poised to attract significant trading activities. “As of the date provided, no verifiable direct quotes or comments from executives or key opinion leaders regarding the DEGEN airdrop have been identified. Consequently, there are no extracted quotes available based on the information presented.”

DEGEN’s Market Movement and Future Prospects

Did you know? Binance’s previous airdrop events, like the HOME token launch, often see trading volumes surge, mirroring a strategy to boost platform activity and token recognition.

Per CoinMarketCap, DEGEN currently prices at $0.00 with a market cap of $54.64 million. Its fully diluted market cap stands at $142.45 million, while the circulating supply is 14.18 billion. Over 90 days, DEGEN witnessed a price increase of 17.61%. Recent 24-hour trading volume is at $13.69 million, showing an 11.86% decrease.

Coincu research suggests this airdrop could influence DEGEN’s market dynamics, potentially enhancing liquidity and user turnover on Binance’s platform. Previous patterns indicate such events drive short-term trading surges and help stabilize or reposition assets within the wider market context.