- MilkyWay Foundation launches MILK token airdrop page, allocating 10% of tokens.
- Airdrop boosts interest in $milkTIA liquid staking for Celestia.
- Seed funding of $5 million from major investors supports protocol growth.
The MilkyWay Foundation under the leadership of CEO JayB Kim, announced the commencement of its MILK token airdrop on April 24th, 2025. The event marks an allocation of 10% of the total MILK token supply, accessible via their newly launched lookup page.
The airdrop is significant due to its potential impact on user engagement and liquidity in the Celestia blockchain ecosystem. Backed by $5 million in seed funding from Polychain Capital and others, the campaign prepares the protocol for increased investor interest.
Airdrop Fuels DeFi Growth and Investor Interest
The MilkyWay Foundation has initiated an airdrop for its MILK token, allocating 10% of the total supply. This event is facilitated through a live page, enabling participants to check their eligibility and claim their portion. Major backers include Polychain Capital and Binance Labs.
The airdrop aims to enhance liquidity flows into $milkTIA, MilkyWay’s liquid staking derivative for Celestia’s TIA token. Enthusiasm around this development is notable as it aligns with growing support for decentralized finance (DeFi) protocols. Community engagement and discussions are heavily focused around this event.
JayB Kim, Co-Founder & CEO, MilkyWay Foundation, “We are excited to announce our recent funding round and the strategic partnerships that will enable MilkyWay to innovate in the liquid staking space.”
Market Dynamics: Price Trends and Institutional Insights
Did you know? Historically, airdrops like Lido’s on Ethereum created sharp short-term liquidity surges, mirroring trends seen in $milkTIA’s current trajectory on Celestia.
Data from CoinMarketCap shows MuesliSwap’s MILK token at a price of $0.23 with a fully diluted market cap of $2,311,812.20 and a max supply of 10 million tokens. The token has experienced a volatile price trend with a 14.40% increase over seven days but a 60.78% decrease over 90 days as of April 24, 2025.
Coincu’s research team suggests that this airdrop is likely to catalyze further blockchain activity. Mounting institutional support underscores a potential for rapid user adoption in the DeFi space, challenging traditional financial structures.
Source: https://coincu.com/333963-milkyway-milk-token-airdrop-page-live/