In a significant development for cryptocurrency enthusiasts, Binance Alpha has officially launched the Subsquid (SQD) token and opened airdrop claims for eligible users. Starting June 2, 2025, at 13:00 UTC, Binance users with at least 210 Alpha points can claim 424 SQD tokens through the Alpha Events page .
Airdrop Details
The SQD token airdrop represents another strategic move by Binance to reward its active community members. To qualify for this opportunity, users must meet the minimum requirement of 210 Binance Alpha points . This initiative follows Binance’s pattern of introducing promising new tokens through its Alpha platform, providing early access to potentially valuable digital assets.
In addition to the SQD airdrop, Binance is also offering an EDGEN token airdrop of 1111 tokens for users with at least 223 Alpha points, which began at 18:30 (UTC+8) on the same day .
Trading Incentives
Beyond the airdrop, Binance has announced a trading competition for SQD with approximately $1 million in rewards. These token rewards will be distributed to eligible participants before June 30, 2025, at 16:00 UTC . Winners can verify their rewards directly on the Binance platform, making it easy to track their earnings.
Market Impact
While Binance focuses on new token launches like SQD, the broader cryptocurrency market continues to evolve. Some established tokens like Shiba Inu (SHIB) are experiencing challenges, with increased sell-offs and diminishing market momentum. This contrast highlights the dynamic nature of the cryptocurrency ecosystem, where investor attention can quickly shift to emerging opportunities.
The introduction of SQD through Binance Alpha represents the platform’s ongoing commitment to bringing innovative blockchain projects to its user base, while providing tangible benefits to its most active community members.
