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Binance Alpha Points Airdrop 24-Hour News Highlights: Subsquid's Second Wave Airdrop Ignites Controversy with Record Point Threshold
On November 30, 2025, amidst the fluctuations in the crypto market, Binance Alpha's point airdrop mechanism has once again become the focus. The second wave of Subsquid (SQD) airdrop is set to launch at 17:00 (UTC+8), allowing users who hold at least 245 Alpha points to claim 500 SQD tokens on a first-come, first-served basis, valued at approximately $30-35.
If the rewards are not fully claimed, the threshold will automatically decrease by 5 points every 5 minutes until it ends; claiming costs 15 points and must be confirmed within 24 hours, or it will be void.
On the platform, the official announcement from Binance Wallet instantly garnered thousands of interactions, with KOLs like jessica_sjv sharing their insights in real time, creating a high FOMO sentiment.
Meanwhile, the residual heat from yesterday's GaiAI (GAIX) first airdrop has not yet dissipated: with a threshold of 256 points, users can claim 400 GAIX, and the AI project that raised $5 million surged threefold upon launch, but the anonymous team has sparked doubts about it being a “scam token.”
Under the rolling 15-day rule of the points system, the thresholds have repeatedly reached new highs (averaging 250+ this week), with the cost of scoring skyrocketing to $2-3 per day, leading many players to complain about the increased risk of “reverse farming.”
Community leaders like BBJieRan lament that “Alpha is cooling down,” calling for Binance to optimize the mechanism or integrate BNB gameplay.
Despite the median return from the November airdrop being only $32, the market capitalization of the Alpha ecosystem remains stable at $1.8 billion, with a slight increase in trading volume of 2.35%.
This hot topic highlights Alpha's painful transition from a traffic game to a sustainable model, with a short-term SQD target of $0.07, and a potential major overhaul in the long term.
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