The post Sonic Announces $82 Million Airdrop Campaign – Who is Eligible? appeared on BitcoinEthereumNews.com.

Sonic (S), the layer-1 blockchain formerly known as Fantom since late 2024, has officially announced its first season of $S token airdrop distribution. Although the airdrop plan comes when the price of S has dropped more than 30% over the past month, investors believe the distribution method will help ease selling pressure in the future. Sonic to Distribute Over 200 Million S Tokens According to a post on X and official documents on the Sonic Labs website, Sonic will distribute 190,500,000 S tokens through multiple seasons. This strategy aims to ensure sustainability and minimize selling pressure after the release. Users who have earned Sonic Points, Sonic Gems, or Game Gems are eligible for the airdrop. It will also reward historical activity on Opera, Participation in Sonic Arcade, and Minters of the exclusive Shard NFT Specifically, 25% of the total allocated tokens will be immediately liquid. This means recipients can use or trade 25% of their $S tokens as soon as the airdrop occurs. The remaining 75% will be vested over 270 days through a tradable NFT-based mechanism. Notably, users can choose to unlock these tokens early. You’re in. U.S. residents are now eligible for the ~200M $S airdrop! A milestone moment as our airdrop becomes one of the first to reach the U.S. legally and expands access to $S. pic.twitter.com/f7Od17I5JD — Sonic Labs (@SonicLabs) June 3, 2025 However, doing so will incur a token burn penalty. This mechanism encourages long-term holding and reduces market sell pressure. Some investors view this distribution method as a smart solution to control price volatility after the airdrop. “Glad to see SonicLabs found a smart way to handle post-airdrop selling pressure. In current market sentiments, a full unlock could’ve crushed the price,” one investor commented on X. Sonic made this announcement as the price of…

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Filed under: News - @ June 3, 2025 5:22 pm