Binance Airdrops $1.2M BNB to Flood-Hit Taiwan; Unveils Proof of Reserves
Binance has launched a $1.2 million BNB airdrop to support users in six flood-hit regions of southern Taiwan. The two-phase Binance airdrop offers $80 in BNB to users who verified their proof of address by August 7, 2025, and $30 to the first 15,000 new verifications between August 7 and 20. Distributions begin on August 14. CEO Richard Teng said the initiative underscores Binance Charity’s ongoing crypto disaster aid following past relief efforts in Taiwan, Thailand, Myanmar, and Europe. Alongside the airdrop, Binance published its 33rd Proof of Reserves report. It shows user holdings of 591,000 BTC (+2.99%), 4.555 million ETH (−9.84%), and 29.85 billion USDT, highlighting a market shift toward Bitcoin and stablecoins.
Neutral
The Binance airdrop is primarily a humanitarian initiative, distributing 1.2 million USD in BNB to flood-affected users. While the influx of BNB tokens might prompt short-term selling pressure among recipients, the charitable context and targeted relief limit widespread market impact. The simultaneous release of a Proof of Reserves report reinforces platform transparency and may bolster long-term confidence in Binance, but it does not directly alter BNB’s supply dynamics. Overall, the combined news is unlikely to trigger significant price movements for BNB, resulting in a neutral market response.