Binance Alpha Launches DEGEN Airdrop for Eligible Users – Coincu

Binance Alpha has commenced the DEGEN token airdrop, allowing users with a minimum of 245 Alpha points to claim tokens starting June 14, 2025, at 15:00. The initiative, undisclosed by primary executives, impacts DEGEN tokens and may increase liquidity amid a 6.5% post-listing price rise.

Binance Alpha unveiled its DEGEN token airdrop through the platform’s Alpha feature, allowing eligible participants with 245 or more points to claim 13,862 tokens. “Starting at 07:00 UTC on June 14, 2025, users with at least 245 Binance Alpha points can claim 13,862 DEGEN tokens via the Alpha Events page,” according to the Binance Alpha Official Announcement. The event, delineated on the Alpha Events page, does not feature comments from CEO Richard Teng or senior executives.

Binance’s DEGEN Airdrop Offers Over 13K Tokens per User

The DEGEN airdrop incentivizes user participation in Binance’s ecosystem by offering rewards tied to Alpha points. The initiative sparked a notable 6.5% price increase in the DEGEN token, showcasing heightened activity among traders and stakeholders.

Market participants responded with increased trading volumes post-airdrop. However, no major government or regulatory comments were noted. Community engagement on Binance’s forums reflected anticipation but lacked significant public reactions from prominent influencers or thought leaders.

DEGEN’s Market Impact: Price Surge and Trading Volume Insights

Did you know? Participating users generated increased demand, typifying Binance’s approach of rewarding engagement through airdrops. This airdrop model mirrors past short-lived surges in token value followed by swift market corrections.

According to CoinMarketCap, Degen’s market cap stands at $52.42 million, with a fully diluted valuation of $136.66 million. The token’s activity surged to a $13 million 24-hour trading volume despite a 6.97% price decline, following a 70.18% two-month increase.

The Coincu research team highlights potential for increased DEGEN token volatility post-airdrop, paralleling historical trends from similar launches. Liquidity and engagement spikes can drive short-term growth, especially when targeting community-focused currencies.