@fuel_network has launched its native $FUEL token, distributing 10% of the total supply through a Genesis airdrop to over 200,000 wallets. The airdrop allocation includes 287 million $FUEL for Phase 1 Pre-Depositors, 64.2 million for Testnet Users, 125 million for NFT Connoisseurs, and 200 million for Fuel Bridgoors. The token has a maximum supply of 10 billion, and users can earn additional points in Phase 2, convertible to $FUEL. The claim period for the airdrop runs from December 18, 2024, to January 19, 2025. $FUEL trading has commenced on platforms like Bybit, KuCoin, and MEXC, with an initial trading price of approximately $0.058, representing a 2.9x increase from its sale price of $0.02. The token's fully diluted valuation (FDV) is estimated at $580 million, with an FDV of $527 million and a market capitalization of $186 million reported during trading.