$4 Billion in Cryptocurrency Airdrops This Year

IconCryptoNewsTerminal Staff13 Jun, 2024

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$4 Billion in Cryptocurrency Airdrops This Year

According to The Block, the value of cryptocurrency airdrops this year has totaled approximately $4 billion. The largest airdrops included Jupiter (JUP), StarkNet (STRK), and Notcoin (NOT), each of which distributed tokens worth approximately $1 billion. Airdrops are a common marketing tactic used by cryptocurrency projects to distribute tokens to a wide range of users. By participating in airdrops, users can earn free tokens that may increase in value over time. However, it is important to note that not all airdrops are legitimate, and users should do their own research before participating.

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