Drift Foundation Launches DRIFT Token with 120 Million Token Airdrop, Trading at $0.50, 39% Claimed

The Drift Foundation has launched its DRIFT token, featuring a 120 million token airdrop with a bonus mechanism to discourage early selling and reduce network congestion. The token is currently trading around $0.50, although pre-market valuations were higher. As of the latest update, 50 million DRIFT tokens remain unclaimed, with 39% of the total allocation already claimed. Users have the option to claim their tokens immediately or wait six hours for double their initial allocation. Earlier updates indicated various claim statuses: 5M/82M aka 6%, 70M left, 65M left, 60M left, and 55M left.