Kay Capital|Jun 20, 2026 06:17
The frequency of alpha airdrops has gone down, but the quality has definitely improved.
In the past couple of days, one alpha project got listed on Binance ($O), and another one got listed on Binance Spot (re). Both performed really well on the secondary market. If you didn’t sell right at the opening and held until now, re would’ve given you 388 tokens per account, currently worth 356u; $O would’ve given you 200 tokens per account, currently worth 156u.
No wonder re made it to the spot market. On one hand, they gave out a lot; on the other hand, re is one of the rare projects recently where there wasn’t any insider dumping or airdrop locking (big accounts might have had some restrictions, but overall, it’s definitely profitable). It’s a project where both airdrop hunters and secondary market traders made money.
Even though re is an Indian project, this time it really broke the stereotype.
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