Category: Airdrop news

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LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism

June 21, 2024

This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching.  LayerZero Faces Backlash For Token Airdrop …
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Ether.fi $210M Airdrop Sparks Market Turbulence, ETHFI Value Drops By 35%

March 19, 2024

ETHFI, the governance token of the decentralized liquid staking protocol Ether.fi, debuted for $4.13 following its distribution through its airdrop on March 18.  However, since the $210 million airdrop, the value of ETHFI has experienced a significant decline, plummeting over 35% to its current trading price of $3.05, according to CoinGecko data. ETHFI Airdrop Attracts…
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This New Development Could Stop The Optimism (OP) Price Dead In Its Tracks

September 20, 2023

Optimism (OP) looks to be on a good recovery path so far in the month of September. This is thanks to the increasing positive user sentiment around the Ethereum Layer 2 network. However, the most recent development on the network could pose a threat to this recovery trend. Optimism Announces Third Airdrop After completing two…
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