It's raining money. Literally. 😳

Cross-chain swap protocol Wormhole just concluded their airdrop, rewarding users with a collective $617 million in $W tokens.

Wormhole is far from the first airdrop. The $BONK team famously airdropped ~$600 worth of their token to users who bought Solana's Saga phone, covering the cost of the phone entirely for anyone who purchased it. 

But, where is this money coming from?

In some cases, airdrops can cause the entire token to eventually crash due to bad design or poor liquidity. In other, healthier cases, the team is using revenue generated from their business activities to fuel these airdrops and incentivize new users. Kind of like a business providing a loss-leader to get new customers.

So how do you get in on the next big drop? The answer is fairly simple, but it's not necessarily easy or without risk:

Find new crypto projects, get in early, and stay invested.

Getting involved early in a new crypto project and staying engaged is often how you get rewarded down the road. But being first on new projects always comes with some risks.

Some airdrops lose nearly all of their value in moments, while others like $BONK have grown significantly since their initial airdrop—now up over 1,000%.

Experimenting with new crypto tools and platforms can be a great way to familiarize yourself with budding new ecosystems and qualify for perks down the road. But the newer the project, the more research you’ll need to make sure you’re not getting scammed.

If you’re going to try your hand at airdrop hunting, use caution and make sure you keep your assets in a super secure, recoverable wallet like Giddy.

Stay safe, and happy hunting!