Jakarta, Pintu News – The year 2025 saw a wave of free cryptocurrency token distributions to early adopters and community contributors through airdrop mechanisms, with a total peak market value of over $4.5 billion from the five largest programs on record.
While some tokens have subsequently experienced significant price corrections, these airdrops remain one of the most prominent ways for users to receive rewards based on community contributions and participation, according to Decrypt’s report.

Story Protocol (IP) launched its layer-1 network and IP token in February 2025, allocating around 10% of the total token supply to the community through an airdrop. The token was estimated to be worth around $171 million on December 15, although it peaked at over $1.4 billion in September 2025 when the token price reached an all-time high.
This airdrop is designed to support the network’s goal of reducing the role of intermediaries in intellectual property management in the age of AI, and is attracting great attention in the crypto ecosystem.
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Berachain, a layer-1 proof-of-liquidity network, awarded approximately 79 million BERA tokens to community NFT holders and early participants at the network launch. The token reached a peak value of over $1.17 billion at its highest price of around $14.83.
While this airdrop briefly provided huge gains, the price of the BERA token subsequently fell sharply, reflecting the post-launch volatility common to many crypto projects.

Solana-based DEX aggregator Jupiter conducted another large airdrop in January 2025 with 700 million JUP tokens distributed to three groups of users. As of January 27, that amount of tokens was worth about $791 million based on the highest price at around $1.13 per token.
Jupiter’s airdrop program continues with approval for an additional airdrop of 700 million tokens in January 2026, despite the current relatively lower market value.

Animecoin, the token from the team behind the Azuki NFT collection on the Arbitrum network, gave away 39.5% of its supply (3.95 billion tokens) to Azuki NFT holders and the partner community. At its peak, this token distribution reached an estimated value of around $711 million.
This airdrop also lifted the floor price of Azuki’s NFT collection to the highest level at the beginning of the year, showing a strong connection between token distribution and NFT market sentiment.

Ethereum’s layer-2 network, Linea (LINEA), allocated around 10% of its token supply to early contributors and network participants, totaling around 9.36 billion tokens awarded. At its peak, this value was estimated at around $437 million.
This distribution includes nearly 750,000 addresses that have participated in the ecosystem since its inception, demonstrating the massive scale of community participation.
While the total awards of the five largest airdrops reached $4.5 billion at their peak, the prices of those tokens generally fell from their highs after the initial distribution. This provides context that airdrops often create short-term momentum but do not necessarily sustain long-term value in the spot market.
The airdrop programs in 2025 also show the project’s focus on early community growth and ecosystem adoption rather than purely speculative rewards.
Large airdrops provide an opportunity for early adopters and network contributors to receive tokens of significant value without any initial investment. However, post-launch price volatility and selloffs after distribution demonstrate the importance of understanding cryptocurrency market risks before actively participating in on-chain activity-based airdrops.
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An airdrop is a distribution of free tokens by a cryptocurrency project to users who meet certain criteria based on their on-chain activity or previous holdings.
Story Protocol and Berachain were the two largest airdrops in 2025, reaching peak values of over $1.4 billion and $1.17 billion respectively.
No; many tokens lost most of their value after the initial peak, indicating high post-airdrop volatility.
The five largest airdrops in 2025 recorded a total peak market value of around $4.5 billion.
Usually, users need to perform certain activities such as interacting with the protocol, holding NFTs, or participating in testnet/wallet snapshots according to the conditions set by the project.
Reference:
Sam Reynolds/Decrypt. 5 Biggest Crypto Airdrops of 2025. Accessed December 28, 2025.
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