#BinanceAlpha Degen ($DEGEN) is now live on Binance Alpha, and eligible users with 245+ Alpha Points can claim 13,862 DEGEN tokens. Here's what you need to know ¹ ²:

- *Claiming Period*: The claiming period starts on June 14, 2025, at 07:00 UTC and lasts for 24 hours. Users must confirm their claim within this timeframe, or it will be forfeited.

- *Alpha Points*: Claiming the airdrop will consume 15 Alpha Points.

- *Token Value*: The 13,862 DEGEN tokens are worth approximately $54 at the time of writing.

- *Degen Token*: Degen (DEGEN) is a memecoin operating on the Layer 2 Base network, with a market capitalization of around $93 million.

*Airdrop Distribution Phases*

Starting June 19, the Binance Alpha Airdrop will be distributed in two phases ²:

- *Phase 1*: Users meeting the threshold (X) can claim during a set period.

- *Phase 2*: The threshold will be lowered to Y (Y < X), and claims will be first-come, first-served until the pool runs out or the event ends.

This airdrop event may influence DEGEN's market dynamics, potentially enhancing liquidity and user turnover on Binance's platform ¹.