Key Takeaways:
- Binance celebrates its 50th HODLing contest, giving away 32.5M WAL tokens to qualifying BNB holders
- Users who participated in locking/staking BNB on Simple Earn or On-Chain Yields from Oct 1–3 will be eligible.
- About trading for WAL now that we have covered it all, the trading will open on October 10th with direct listings in USDT, USDC, BNB, FDUSD and TRY pairs.
Binance, in a daring move, has introduced Walrus (WAL) as the 50th project to partner up with under the HODLer Airdrops scheme allowing crypto holders on a variety of projects, receive free tokens in return for depositing any form of the BNB spends into their respective yield programs. The market frenzy and buzz surrounding the listing and distributing details are on fire in the WAL echo-system.
What is The WAL Airdrop and who is eligible? Binance HODLer Airdrop for reward BNB holders: Binance distributes new tokens as a reward to BNB holders by taking daily snapshots of BNB balances, and rewarding users with free new project tokens.
What Is the WAL Airdrop & Who Qualifies?
Binance’s HODLer Airdrop program rewards holders of BNB by automatically issuing new tokens based on historical snapshots of their holdings.
For the Walrus (WAL) event:
- Users must have subscribed BNB to Simple Earn (flexible or locked) and/or On-Chain Yields between 2025-10-01 00:00 UTC and 2025-10-03 23:59 UTC
- Snapshots of hourly average balances in those products will be used to calculate rewards
- Eligible users will receive WAL tokens into their Spot Accounts before trading begins, typically within 24 hours after announcement
The total reward pool is 32,500,000 WAL, carved from a max supply of 5,000,000,000 WAL. In addition, Binance has allocated ~99.5 million WAL for marketing and ecosystem campaigns post-listing. At listing time, the circulating supply is expected to be ~1.48 billion WAL (≈ 29.6% of total).
Read More: Binance Airdrops 15M EDEN Tokens as OpenEden Debuts With $1B Supply
WAL Listing & Market Launch
Launch Timing & Trading Pairs
- WAL will be listed on Binance at 2025-10-10 07:30 UTC, with deposits opening at 03:00 UTC prior to that.
- Trading pairs include WAL/USDT, WAL/USDC, WAL/BNB, WAL/FDUSD, WAL/TRY
- WAL will carry a “seed tag” in the marketplace (indicating a new token)
- WAL is initially available on Binance Alpha (pre-listing market) and will be delisted from Alpha once spot opens; Alpha balances will be transferred to Spot accounts within 24 hours.
Derivatives & Futures Access
WAL/USDT already has a maximum leverage allowsable of 25× at Binance Futures, introduced earlier in the year Binance This allows traders to open leveraged positions on WAL once trading is live.
Technical & Ecosystem Snapshot
What Is Walrus (WAL)?
Walrus is a decentralized developer platform running on the Sui blockchain, creating programmable data markets, and scalable on-chain storage for large files, media and AIs data sets. Its architecture enables data to be trusted, monetized and secured through smart contracts.
Its design allows data to remain trustworthy, monetizable, and secure via smart contracts.
- The protocol uses Move-based smart contracts to manage data objects, while WAL tokens power staking, governance, and network incentives.
- Max Supply: 5,000,000,000 WAL
- Airdrop Allocation: 32,500,000 WAL
- Circulating Supply at Listing: ~1,478,958,333 WAL (~29.6%)
- WAL’s token utilities span governance, staking, and as transaction/incentive currency for storage protocols
- Market data from CoinGecko shows WAL trading ranges between $0.3937 and $0.4135, with an all-time high of ~$0.7592.
Risks & Considerations
- Jurisdictional limitations: Binance restricts HODLer Airdrop access for users in certain regions.
- User errors risk: Mistakes in subscription timing or transfer may result in disqualification
- Token volatility: As with all crypto listings, WAL may face high volatility and speculative trades
- Centralization risk: Although WAL aims for decentralized storage, it depends on adoption and node participation
Read More: Binance Airdrops 35M DoubleZero (2Z) Tokens Ahead of $1.25B Debut on Solana
