
Top 5 Crypto Airdrops of 2025
Crypto users received billions of dollars in so-called “free money” through token airdrops in 2025. While airdrops were a major tailwind for the market in 2024—distributing more than $19 billion at peak token prices—this year told a different story.
Despite Bitcoin and Ethereum reaching new all-time highs, 2025 saw fewer headline-making airdrops, and peak valuations were notably lower. Even so, the five largest airdrops of the year still delivered roughly $4.5 billion in tokens to users at peak prices.
Below is a look at the biggest airdrops that rewarded early adopters, community members, and active users throughout 2025.
Story Protocol
Story Protocol launched its layer-1 network and IP token (IP) in February, positioning itself as a challenger to traditional intellectual property systems dominated by rent-seeking intermediaries.
As part of its launch, the protocol airdropped around 10% of the total IP supply, or roughly 100 million tokens, to early users and community members. While those tokens were valued at about $171 million as of December 15, their value peaked at over $1.4 billion in September when IP reached an all-time high of $14.78.
Since then, the token has declined sharply, falling nearly 89% to around $1.71.
Berachain
Proof-of-liquidity layer-1 network Berachain distributed approximately 79 million BERA tokens to holders of its bear-themed NFTs and other ecosystem participants at launch in February.
At its peak, the airdrop was worth more than $1.17 billion, based on an all-time high price of $14.83 per token. However, the high was short-lived—BERA has fallen nearly 96% since launch and was trading at around $0.67 as of December 15.
Berachain previously raised $80 million in 2024 to support its development.
Animecoin (ANIME)
Animecoin, a token launched by the team behind the Ethereum-based Azuki NFT collection, debuted on Arbitrum in January.
Marketed as a culture-focused token aimed at aligning incentives across the global anime community, ANIME distributed 39.5% of its supply, or 3.95 billion tokens, to Azuki NFT holders and partner communities at launch.
At its peak, the airdropped tokens were valued at approximately $711 million, with ANIME reaching an all-time high of around $0.18, according to CoinGecko. By December 15, the token had fallen to roughly $0.006, representing a decline of about 97%.
The airdrop briefly boosted Azuki NFT prices, pushing the floor price above $41,000 in mid-January, before collapsing nearly 95% to around $2,100 by December.
Jupiter
Solana-based DEX aggregator Jupiter held another “Jupuary” airdrop in January, distributing 700 million JUP tokens across three user groups.
At the post-airdrop peak on January 27, the tokens were worth roughly $791 million, with JUP trading around $1.13. This marked a sharp contrast to Jupiter’s 2024 airdrop, which distributed 1 billion JUP tokens valued at up to $2 billion at peak prices.
Although the Jupiter DAO has approved an additional 700 million JUP tokens for distribution in January 2026, their value had fallen to approximately $133 million as of December 15, with JUP trading nearly 90% below its all-time high.
Linea
Ethereum layer-2 network Linea allocated 10% of its LINEA token supply, or about 7.2 billion tokens, to early contributors. An additional 2.1 billion tokens were distributed through its airdrop, bringing the total to 9.36 billion tokens across nearly 750,000 addresses.
While 75% of the token supply is reserved for future ecosystem incentives, LINEA has declined roughly 85% from its peak and was trading around $0.0067 as of December 15.
Other Notable Airdrops
Monad launched its layer-1 network in November, distributing 3.3 billion MON tokens, which peaked at around $162 million in value.
Meteora, a Solana-based liquidity protocol, allocated 15% of its MET supply via its LP Stimulus Plan, with the airdrop peaking near $103 million.
Kaito, an InfoFi platform, distributed 120 million KAITO tokens in February. The airdrop peaked at $345 million, though the token has since fallen more than 80% from its all-time high.