Bybit and OKX have both launched new token distribution events, offering users early access opportunities and airdrops. Bybit's Megadrop event features the launch of $ELDE in partnership with Elderglade, running from May 20, 2025, 12:00 UTC to May 25, 2025, 23:59 UTC. Participants can stake $USDT or $MNT to share in a total prize pool of 4,000,000 $ELDE, with 1,500,000 $ELDE allocated specifically to the $MNT pool. The reward claim period is from May 27 to June 27, 2025. OKX has introduced the TGE (Token Generation Event) Express activity as part of its Cryptopedia program, with the first project being @soon_svm's $SOON token. The event runs for 20 hours from May 21 to May 22, 2025, and offers 2,500 whitelist spots, each granting the right to purchase $100 worth of $SOON at a $50 million valuation. To qualify, users must have traded at least $10 on OKX DEX's Solana chain and hold at least $10 in their wallet between May 5 and May 19, 2025, as well as follow @soon_svm. The maximum allocation for OKX's event is $250,000 USDC worth of $SOL. Redemption for $SOON begins May 22, 2025, with trading and claiming starting May 23, 2025.