AltLayer, a scaling solution for Ethereum, has become the first among three protocols to announce token airdrops exceeding $100 million in the upcoming week. The AltLayer (ALT) tokens and their claim process became active on January 25 at 9:00 AM UTC. The initial airdrop, which distributed 300 million tokens at an average daily price of $0.32, amounted to an approximate total airdrop value of $96 million. However, Celestia stakers anticipating the ALT airdrop will experience a delay due to "technical differences in the claiming mechanism," as stated by AltLayer.
Several projects are expected to release tokens in airdrops in the coming week. Dymension, a multi-layer rollup deployer, is set to launch its mainnet soon and plans to airdrop 70 million DYM tokens. This distribution will focus on Celestia stakers and Pudgy Penguin NFT holders, extending to participants in both Solana and Ethereum ecosystems. The DYM airdrop, valued at approximately $210 million at current prices, is a significant distribution with 1 billion tokens involved. JUP, another project, is trading its perpetual contract at about $0.41, and its airdrop, worth around $410 million, targets eligible users who missed the claim period ending on January 21.
Bitcoin Ordinals users might also qualify for potential airdrops with the launch of "Runestone," a decentralized fair airdrop program announced by Leonidas, a pseudonymous Ordinals developer. This initiative aims to reward early users of the Ordinals protocol. However, users seeking airdrops on X (formerly Twitter) are cautioned to exercise high vigilance due to an influx of scam accounts impersonating official social media pages of cryptocurrency companies announcing airdrops. These fraudulent accounts often mimic the appearance of official airdrop claims sites and are associated with wallet-draining activities.
