Binance Airdrop Boosts HAEDAL Price by 60%

Generated by AI AgentCoin World
Wednesday, May 21, 2025 1:18 pm ET1min read
ALPHA
--

Binance, the world's largest crypto exchange, has announced a series of airdrops and token generation events (TGE) for three separate tokens: HAEDAL,

ALLO
, and TGT. The announcement has sparked significant interest and engagement within the crypto community.

HAEDAL, a liquid staking protocol built on the

Sui
blockchain, was first minted in April. It rewards users for staking SUI, granting them haSUI tokens to gain DeFi liquidity while passively reaping rewards. Binance is the first centralized exchange to list and airdrop HAEDAL, which has previously been exclusive to the DeFi ecosystem. Following the announcement, HAEDAL's price climbed over 60%.

Binance's HAEDAL airdrop is part of its 19th project on the HODLer Airdrops page. Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products are eligible for the airdrop distribution. However, there has been some criticism regarding the high token allocation directed towards Binance Alpha users, although negative feedback has been relatively low.

In addition to the HAEDAL airdrop, Binance is also engaging in two TGE events. The first is for ALLO, a financial asset tokenization firm. Binance has shown heightened interest in the real-world asset (RWA) sector, making this endeavor a strategic move. The event will take place the following day, with eligible users needing to spend Binance Alpha points to participate.

The second TGE is for Tokyo Games Token, which is launching the TGT asset. This airdrop will take place on the same day as the ALLO event, following similar rules. Several exchanges are now listing TGT, but Binance Alpha is the first platform to feature it. TGT aims to combine AAA gaming with the growing Web3 ecosystem.

Regardless of how these two assets perform, HAEDAL has greatly benefited from the Binance airdrop. The exchange's ability to boost young token projects with its platform and user base remains evident.

Binance's dominance in the airdrop sector is further highlighted by the recent surge in trading volume driven by airdrop hunting. The firm shows no signs of slowing down, continuing to engage users with innovative token offerings and events.