Paradex sets $DIME TGE for late Feb–early Mar, airdrops 45% to XP holders
Paradex confirmed a Token Generation Event (TGE) for its native token DIME targeting the last week of February or the first week of March (post–Chinese New Year); the Paradex Foundation will announce the exact date. At TGE, 25% of DIME’s total supply will be airdropped, fully unlocked, to all XP holders. Season 2 XP participants will receive 20% of supply (up from a prior 15%), while Pre‑Season and Season 1 holders retain a combined 5%—bringing total user‑focused allocations to 50%, with 45% tied directly to XP holders. Paradex said XP Season 2 drove major on‑chain growth: average daily trading volume rose from $68M to $2.1B, open interest from $28M to $679M, TVL from $25M to $218M, and users from 4.1k to 70.3k. During the final week (Jan 23–29) Paradex distributed 6 million XP and ran referral/affiliate rewards plus exclusive BadgerBox drops; a final waitlist snapshot is scheduled for Jan 31 00:00 UTC. XP Season 3 launches Feb 1 and expands XP accrual to spot trading, real‑world assets (RWA), perpetuals and options; XP accumulation resumes immediately but the first weekly XP distribution will occur after TGE to prioritise a smooth token launch. DIME will initially list on Paradex spot markets. Implications for traders: a large unlocked airdrop and heavy XP‑linked allocations signal potential immediate sell pressure at listing but also incentivise active trading and platform use; watch Paradex orderbooks, initial listing liquidity, and vesting/lockup communications for short‑term volatility and liquidity cues. Keywords: DIME, Paradex, TGE, airdrop, XP Season 2, listing, spot markets.
Neutral
The announcement mixes bullish and bearish signals for DIME price. Bullish factors: substantial on‑chain growth during XP Season 2 (volume, open interest, TVL, user growth), airdrop and XP incentives are likely to drive platform activity and adoption, and initial listing on Paradex spot markets may capture native liquidity. Bearish factors: 25% of the supply will be distributed unlocked at TGE (immediate sellable tokens), and a total of 45% allocated directly to XP holders raises the risk of early selling by recipients seeking profits. The net short‑term effect is likely neutral to mildly bearish because unlocked large airdrops often cause initial selling pressure and volatility, but continued platform activity and expanded XP accrual (spot, RWA, perpetuals, options) support sustained usage and potential longer‑term value accretion. Traders should watch initial orderbook depth, post‑TGE selling patterns, and any announced lockups or market‑making commitments to reassess bias.