Exciting news for crypto enthusiasts – the Scroll (SCR) token is now live on Binance, and the airdrop claim is officially open! If you were among the lucky ones to receive SCR tokens, how many did you get? And what’s your outlook for the future price of SCR?

Although I didn’t receive the airdrop myself, let’s dive into some key details and market insights.

Key Details About the Scroll Airdrop

SCR Token Distribution

The Scroll airdrop began on October 22, 2024, with 55 million SCR tokens allocated, representing 5.5% of the total supply. Eligible users have 90 days to claim their tokens, with many recipients already sharing their haul on social media. The majority of users received under 50 tokens, while a few wallets collected larger sums, with one top wallet claiming a whopping 821,000 SCR.

Market Reaction and Price Movement

SCR Token on Trade Chart

As of launch, SCR is trading around $1.15, but early speculation suggests it might dip to $0.80 to $1 in the short term. This could be due to selling pressure from those looking to cash out quickly. However, long-term prospects remain promising due to Scroll’s potential in scaling Ethereum transactions with its zkEVM Layer 2 technology.

Outlook on SCR’s Future Price

In the short term, expect some price volatility as the market adjusts to the influx of airdropped tokens. However, the long-term potential for SCR looks positive if Scroll can capture a larger share of the Ethereum scaling market. Its utility in governance, transaction fees, and broader DeFi use could fuel demand and increase the price over time.

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