UPBIT Commences GAS, VTHO Airdrops in May 2025

UPBIT, a leading cryptocurrency exchange in Asia, has started the airdrop distributions for GAS and VTHO tokens in May 2025.

This initiative amplifies token liquidity and trading activity, marking increased interest in blockchain-based utilities.

UPBIT, a prominent cryptocurrency exchange, is executing the airdrops for GAS and VTHO, in the second week of May 2025. The company announced previous distributions for these tokens would be managed diligently.

UPBIT’s leadership underlines their commitment to supporting a wide range of digital assets. Regular airdrops for innovative tokens include VeThor Token (VTHO) from the VeChain ecosystem and GAS from the NEO blockchain. None available in provided results from UPBIT or VeChain leadership regarding 2nd week of May distributions.

The initiation of the airdrop has increased trading volumes for both tokens. VTHO’s market activity showcases incremental boosts in volume but remains stable in pricing across trading platforms.

Recent on-chain data lacks significant shifts in VTHO’s TVL or liquidity. The primary observation highlights gradually increasing trading volumes and token distribution but does not show extensive on-chain transformations.

Previous token distributions at UPBIT, including January introductions of new VTHO pairs, have led to short-lived surges. Historical patterns suggest that sustainable impacts rely on prolonged market trends.

Experts from Kanalcoin observe that while initial trading spikes are common, sustained market effects depend on ongoing demand and engagement due to the current market’s speculative nature. For more insights on earning cryptocurrencies, consider registering on Publish0x.