Recap of the latest news in the crypto airdrop sector

Some projects, like Magic Eden and Anzen Finance, have released their own token to their respective communities, stirring mixed emotions.

Magic Eden, a cross-chain NFT marketplace, has officially launched the airdrop of its native crypto ME on December 10. The token, which was highly anticipated by the community, achieved great success upon its launch. The crypto ME soared to a valuation of 15 billion dollars in FDV immediately after being listed on crypto exchanges.

In total, 125 million ME tokens were airdropped, which is equivalent to 12.5% of the total supply. Nearly 69 million ME tokens were redeemed within the first hour of the claim opening. This airdrop, unlike others such as the one from Hyperliquid, experienced a bearish price action at the TGE. The crypto ME dropped by 54% within 24 hours of its debut, decreasing from a peak of 17 dollars to around 5 dollars.

Despite this price movement, the airdrop was a significant event for Magic Eden, attracting a high level of participation and generating a trading volume of 300 million dollars. At the time of writing, the FDV of the crypto ME is 4.2 billion dollars, while its market cap stands at around 550 million dollars.

The large numbers achieved by the Magic Eden airdrop were accompanied by a tense atmosphere within the crypto community, as several users complained about the difficulties encountered during the token claim process. The project required all eligible participants to execute the claim through the internal wallet of the marketplace. As a result, anyone who interacted with the application from other wallets, such as MetaMask or Rabby, had to import their private keys directly into the Magic Eden app.

This process undoubtedly increased the adoption of the new Magic Eden wallet, but it also significantly heightened the risk of cyber incidents. Some users reported being hacked while attempting to import their wallets, while others highlighted potential privacy vulnerabilities.

The RWA project Anzen Finance introduced its governance token ANZ on December 9, following a public sale that took place a few days earlier on Fjord Foundry. After attracting as much as 3 million dollars in purchases in just 7 minutes in the anticipatory market, the RWA application debuted with its governance token on the Base blockchain.

In total, 336 million tokens were distributed to a total of 12,000 wallets, for an average of 28,000 tokens per user. The distribution followed a multi-level structure to ensure an equitable distribution. The first 500 wallets received tokens on a linear scale, with 50% of the tokens being locked for six months to promote long-term alignment. The remaining eligible wallets were able to redeem all of their ANZ immediately.

At launch, the coin of the RWA project recorded an FDV of about 6 million dollars, which is significantly lower compared to that of Magic Eden. However, the airdrop was greatly appreciated by the farmers, who managed to earn a good profit considering the low competition and the low TVL. At the moment, Anzen boasts a sum of locked capital amounting to 92 million dollars, which is particularly growing compared to the last few months.

Given the bullish trend of the RWA platform, it is possible that ANZ may reserve a fiery price action in the coming weeks. The currency is still very small and has a lot of room to grow if Anzen Finance continues to bring new activity to its dApp.

On December 10, the Layer 2 Fuel Network project unveiled the details regarding the crypto airdrop of FUEL, the new native token of its optimistic rollup. The objective of Fuel is to increase the sicurezza of its chain by decentralizing the sequencer of its network.

The currency will have a supply of 10 billion and will be issued as an ERC-20 token within the Ethereum mainnet. 20% of the entire supply, or 2 billion FUEL, have been allocated as rewards to the community that participated in the growth of the project.

In particular, the airdrop can be claimed by all participants of the Fuel Points Program and by all those who have interacted with the incentivized testnet. The project has raised 80 million dollars in a series of funding rounds, reaching a valuation of 1 billion dollars.

We expect substantial rewards for the farmers. The launch of the token is expected within the next few weeks. In the meantime, those who have used the Fuel bridge at least once will be able to participate in a private sale on the Impossible Finance platform.

100 million FUEL tokens, equal to 1% of the supply, have been put up for grabs at a fixed price of $0.02 for a FDV of $200 million. To participate, it is necessary to hold on the Arbitrum network at least 15 IDIA tokens and 2000 USDC.

The DEX aggregator Odos announced its airdrop with a tweet on X, after a full 4 years of waiting since the