Gate.io CandyDrop 2.0 Airdrop Event Surpasses 50,000 Participants, Distributes 48,654 GT Tokens
Gate.io, a leading cryptocurrency exchange, has successfully concluded its PizzaDrop campaign, which celebrated Bitcoin’s price highs and Pizza Day, attracting 580,000 participants and distributing almost 490,000 tokens within a 10 BTC prize pool. Building on this momentum, Gate launched the CandyDrop 2.0 airdrop event on June 3, offering a total prize pool of 3,000 GT tokens. Within the first 24 hours, participant numbers surpassed 50,000 and 48,654 GT tokens were distributed. The GT token is currently priced at $19.34. These large-scale airdrop campaigns highlight the strong appeal of airdrop incentives to the crypto trader community, encouraging increased trading activity, and potentially affecting GT’s liquidity and Gate.io’s overall exchange volume.
Bullish
The CandyDrop 2.0 airdrop by Gate.io, which distributed a significant portion of its 3,000 GT prize pool within 24 hours and attracted over 50,000 users, demonstrates heightened demand and user engagement for the GT token. Such high-profile airdrop events commonly stimulate short-term trading activity and liquidity, attracting both existing and new users to the platform. The strong historical response to the earlier PizzaDrop campaign further emphasizes a pattern of robust market interest. This wave of user participation typically increases trading volume and token circulation, which can exert upward pressure on price in the short term. Therefore, the direct impact on GT, especially given the boosted visibility and liquidity, is likely to be bullish in the immediate market context.