Cryptocurrency airdrops remain a powerful strategy for blockchain projects to attract new users and expand their communities. For crypto enthusiasts, the following airdrops represent valuable opportunities to earn tokens and engage with promising ventures. Here are the top airdrops for the second week of December, featuring projects backed by renowned investors and significant funding rounds.

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1. Movement Network

Funding: $41.4 million raised, co-led by Polychain Capital, Borderless Capital, Blizzard Fund, and dao5, with Binance Labs also participating.

Airdrop Details: Users can claim their MOVE tokens via MoveDrop by connecting their EVM wallet. The MOVE airdrop launched on December 9 through Binance’s Airdrop Portal.

Key Updates: MOVE tokens are now listed on Upbit and Bithumb, with reports of airdrop farmers earning significant rewards.

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2. Nexus Labs

Funding: $27.2 million, co-led by Pantera Capital, DragonFly Capital, and Lightspeed Ventures.

Airdrop Details: The Nexus Labs testnet launched on December 9 for four days. Participants can earn tokens by keeping a browser tab open to share internet speed, offering an accessible and time-sensitive opportunity.

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3. Vana

Funding: $25 million, co-led by Coinbase Ventures, Polychain Capital, and Paradigm.

Airdrop Details: Users can participate in the Vana airdrop by running a node on the test network, which requires 1 CPU, 8GB RAM, and 10GB storage.

Key Updates: Vana urged users to connect wallets to retain earned points as its Telegram app officially closed on December 9.

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4. SynFutures

Funding: $36 million, co-led by Polychain Capital, Pantera Capital, and HashKey Capital.

Airdrop Details: The governance token F launched on December 6, offering holders fee discounts, staking rewards, and voting rights. The token is expected to list on Bybit and Gate.io.

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5. Wormhole

Funding: $225 million, with participation from Coinbase Ventures and Multicoin Capital.

Airdrop Details: Wormhole allocated 50,000,000 W tokens for Reward Period 1 of its Staking Rewards Program. This airdrop is open to W holders on Solana, Arbitrum, Base, Optimism, and Ethereum.

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6. XION

Funding: $36 million, backed by HashKey Capital, The Spartan Group, and Multicoin Capital.

Airdrop Details: XION rewards early contributors, testnet users, and key community members for their loyalty and engagement. The initiative emphasizes rewarding active participants who helped grow its ecosystem.

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7. Taiko

Funding: $37 million, co-led by Hashed Fund, Lightspeed Ventures, and Hongshan.

Airdrop Details: Taiko confirmed its airdrop on December 5, rewarding early users, developers, and contributors. As a Layer 2 scaling solution for Ethereum, Taiko’s airdrop aims to incentivize participation in its ecosystem.

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8. Magic Eden

Funding: $159.5 million, led by Paradigm, Coinbase Ventures, and Sequoia Capital.

Airdrop Details: The ME token is set for its airdrop on December 10, with pre-market trading suggesting a value of $3-$4 per token. This airdrop offers a potentially lucrative opportunity for participants.

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9. Jupiter

Funding: $137.5 million, leading to a confirmed $860 million airdrop initiative.

Airdrop Details: Known as “Jupuary,” this program rewards protocol users while filtering out opportunistic participants. Eligibility checks began in November, with the airdrop scheduled for January.

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10. StarkNet

Funding: $282.5 million, co-led by Pantera Capital, Paradigm, and Sequoia Capital.

Airdrop Details: While no specific date has been confirmed, StarkNet’s ecosystem updates hint at upcoming incentives. The project focuses on Layer 2 scalability and integration within the Ethereum ecosystem.

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Conclusion

These airdrops highlight the dynamic growth of blockchain projects fueled by strategic funding and community engagement. From testnet participation to governance incentives, these initiatives reflect the increasing importance of decentralization in finance, computing, and internet connectivity.

Early adopters and active participants stand to benefit from these emerging opportunities, shaping the future of blockchain innovation while earning valuable rewards. Stay informed and seize these opportunities to engage with the next wave of crypto projects.

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Crypto airdrops are a popular way for blockchain projects to distribute free tokens to the community. If you're looking to discover these airdrops before they gain widespread attention, consider the following strategies:

1. Follow Official Social Media Channels
Crypto projects typically announce airdrops through their social media accounts.

Twitter: Monitor official project Twitter accounts for early announcements.

Telegram: Many projects run Telegram groups to share real-time updates about airdrops.

Discord: Some projects use Discord servers to communicate details of upcoming token giveaways.

2. Engage with Crypto Communities
Being active in crypto-focused communities such as Reddit or online forums can provide valuable insights. Users often share upcoming airdrop information before it becomes widely known.

3. Stay Updated with Crypto News
Reputable crypto news platforms frequently report on upcoming airdrops. By following trusted sources, you can gain early access to announcements and participate in airdrops before they become mainstream.

4. Monitor Project Websites
Some blockchain projects share airdrop details on their official websites. Regularly checking these sites can help you spot potential airdrops early.

By staying engaged on social media, participating in crypto groups, and keeping up with industry news, you'll increase your chances of discovering airdrops before they go public.

If you found this article helpful, please like and follow for more insights.

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$GMT
In the dynamic world of blockchain and cryptocurrency, certain initiatives shine for their innovation and commitment to community empowerment. The BURNGMT Initiative stands out as a groundbreaking project, aiming to burn 600 million GMT tokens purchased for $100 million. This bold endeavor combines robust tokenomics, governance, and substantial rewards for participants. Here’s everything you need to know.

What is the BURNGMT Initiative?
The BURNGMT Initiative is not just a routine token burn. It represents a transformative step in reshaping the GMT ecosystem while empowering its community. This program involves:
Burning 600 million GMT tokens, repurchased from early investors, advisors, and team members.These tokens were previously locked and will now be permanently removed based on community votes.A 60-day voting period running from November 21, 2024, to January 20, 2025 will determine the fate of these tokens.100 million GMT tokens will be distributed as rewards to participants who vote.
This initiative goes beyond traditional tokenomics by making governance central to its success.

Why Should You Participate?
The BURNGMT Initiative offers significant advantages for both the GMT ecosystem and individual participants:
1. Transformative Tokenomics
Burning 600 million GMT tokens will reduce the total circulating supply, increasing scarcity and potentially driving up the token's value. This strategic move combats inflation and strengthens GMT’s market position.
2. Attractive Rewards
Participants earn a share of the 100 million GMT reward pool, incentivizing active community involvement.
3. Decentralized Decision-Making
This initiative exemplifies decentralized governance. GMT holders directly influence the ecosystem's trajectory, reinforcing their role in shaping its future.

GMT Ecosystem and Strategic Partnerships
The GMT ecosystem is an interconnected network of innovative platforms and partnerships, driving real-world utility and adoption:
STEPN: A pioneering move-to-earn app with over 6 million global users, rewarding physical activity with crypto incentives.MOOAR: An NFT marketplace revolutionizing digital asset trading.DOOAR: A cross-chain decentralized exchange enabling seamless token swaps.STEPN GO: Expanding the move-to-earn experience with enhanced interaction opportunities.
In collaboration with global brands like Casio, ASICS, and Adidas, GMT solidifies its relevance in both blockchain and traditional markets.

How the Voting Burn Works
The initiative employs a transparent and engaging process:
Locked Tokens: 600 million GMT tokens are locked for a 60-day period from November 21, 2024, to January 20, 2025.Voting Participation: Holders vote on whether to burn these tokens.Rewards Distribution: Participants receive a portion of the 100 million GMT reward pool based on their engagement.Final Outcome: If the majority votes in favor, the tokens are permanently burned, impacting the ecosystem positively.

Tokenomics Impact: Strengthening the Future
This initiative has profound implications for GMT’s tokenomics:
Supply Reduction: Burning 600 million tokens decreases overall supply, enhancing scarcity.Increased Demand: Reduced availability and strong ecosystem growth drive demand.Ecosystem Growth: A strengthened ecosystem encourages greater adoption and activity across platforms like STEPN and DOOAR.

How to Join the BURNGMT Initiative
Participating in this transformative event is simple:
Acquire GMT: Ensure you hold GMT tokens. They can be purchased on supported exchanges or through staking within the ecosystem.Vote: Cast your vote on the BURNGMT portal during the 60-day window.Earn Rewards: Receive your share of the 100 million GMT reward pool, proportional to your participation level.

A Bold Step Forward
The BURNGMT Initiative is more than a token burn; it’s a demonstration of confidence, community empowerment, and strategic foresight. By participating, GMT holders can shape the ecosystem’s future, earn rewards, and benefit from enhanced tokenomics.
Seize this opportunity to make an impact. Join the BURNGMT Initiative and contribute to the evolution of a thriving blockchain ecosystem.

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Overview of #PiggyPiggyCoin

PiggyPiggy is a workplace simulation and social game available on Telegram, leveraging the TON blockchain. The game immerses players in a range of activities such as acquiring magical cards, engaging in theft, mimicking other players' tokens, or taking revenge. Through this interactive gameplay, PiggyPiggy creates a unique and engaging environment, allowing players to explore social dynamics within a gamified workplace.

The game’s native token, #pgc , will be fully unlocked during the upcoming Token Generation Event (TGE), opening up new avenues for community engagement and rewards. A central aspect of this launch is the upcoming PiggyPiggy Airdrop, designed to reward players based on their in-game activities and event participation.

Airdrop Eligibility and Criteria

The PiggyPiggy Airdrop represents a valuable opportunity for players to earn $PGC tokens. Reward allocations are primarily based on players’ game achievements and involvement in special events. Notably, eligibility for the airdrop differs according to each player’s rank:

Interns: Eligible for rewards exclusively from PiggyGo events.

Employees, Managers, and Bosses: Eligible for both in-game earnings (calculated on a 1:1 basis) and PiggyGo event rewards.

This tiered structure allows higher-ranking players to accumulate rewards from multiple sources, encouraging deeper involvement in the game.

Snapshot and Maintenance Timing

The critical snapshot for the PiggyPiggy Airdrop is scheduled for 0:00 UTC on November 9. At this exact moment, player account data will be captured to determine each participant’s airdrop allocation. Following this, the platform will undergo a scheduled maintenance period of approximately four hours, allowing for the accurate processing and assignment of $PGC tokens to eligible players.

After the maintenance period, players will be able to view their airdrop amounts on the game’s dedicated page. Importantly, withdrawals will only be available to linked exchange accounts, with no option for on-chain withdrawals.

Steps for Ensuring Eligibility

To secure $PGC tokens before the official PiggyPiggy listing date, players are advised to confirm that their exchange account details are correctly linked by 0:00 UTC on the snapshot date. This measure is essential to prevent any issues in receiving rewards.

Conclusion

The PiggyPiggy Airdrop marks a significant moment for players, providing exclusive rewards for dedicated participants. With the listing date for $PGC approaching, players should act promptly to secure their eligibility and maximize their potential earnings. Ensure your exchange account details are up-to-date to participate fully in this airdrop opportunity.

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Why did the PENGU token face sell pressure worth hundreds of millions of USD immediately after the TGE? What caused the massive sell-off!?

Immediately after the airdrop was made available to Pudgy Penguins NFT holders, the PENGU token saw a sharp decline of over 50% within the first four hours of trading. Upon launch, the token price rose to $0.068 but quickly dropped to $0.031 due to intense selling pressure from those who received the airdrop.

A total of 15.18 billion PENGU, equivalent to 17.1% of the total supply, was claimed by approximately 775,700 wallet addresses. However, the current number of holders has dropped to just 382,700, indicating a significant sell-off of tokens shortly after the project enabled token claims and trading on exchanges.

During the peak period from 8:00 PM to 12:00 AM on December 17, the token claim volume saw a sharp increase, with over 2.4 billion PENGU claimed per hour. The number of participants claiming the airdrop also peaked at 160,000 during this timeframe before gradually declining afterward.

Data on token distribution shows that the majority of users received small amounts: 63% claimed between 1,000 and 5,000 PENGU, 18% received between 5,000 and 10,000 PENGU. Only a very small percentage, less than 2%, received more than 50,000 PENGU. This indicates that tokens are primarily distributed among small-scale holders, leading to early profit-taking behavior and creating significant selling pressure on the market.

Post-airdrop behavior shows clear diversification: 50% of users chose to hold their tokens, 30% sold immediately on decentralized exchanges (DEX), and 20% moved their tokens to centralized exchanges (CEX). Although over half of the claimed tokens have not been sold, the selling pressure from the remaining group has still dominated the market, causing PENGU's price to drop by more than 50% from its peak.

The trading data during the peak hours from 8:00 PM to 12:00 AM on December 17 reveals that selling significantly outweighed buying:
Over 2 billion PENGU were sold per hour.A total of 111,000 sellers compared to 59,000 buyers, indicating substantial selling pressure driven by profit-taking.Among the top 1,000 claimers, 35% sold their entire claimed tokens, while only 30% chose to hold onto all their received tokens.

Not only has the PENGU token been negatively impacted, but the floor price of the Pudgy Penguins NFT collection has also experienced a sharp decline. The NFT's floor price dropped from 33 ETH to 16 ETH, losing half of its value. As a result, Pudgy Penguins has fallen to third place in the NFT market capitalization rankings, making way for Bored Ape Yacht Club, which maintains a floor price of 18.89 ETH.

The PENGU airdrop recorded a trading volume of over $425 million within the first 4 hours. However, rapid profit-taking sentiment and a lack of confidence in long-term growth prospects have driven both the token and the Pudgy Penguins ecosystem into a downtrend.
Thus, Pudgy Penguins has not escaped the common pattern observed among major NFT projects when launching their tokens. Previously, NFT projects like Milady Maker, DeGods, and BAYC experienced similar declines in both token and NFT prices in the short term.

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