What Is Airdrop?

An airdrop is a distribution of free cryptocurrency tokens to wallet holders, typically used by new projects to build community and awareness. Airdrops can be based on holding a specific token, interacting with a protocol, or meeting other criteria. Whale wallets receiving airdrops of a new token can signal project legitimacy and institutional interest. On Sonar Tracker, large airdrop claim transactions are classified and tracked, helping traders identify which new tokens are attracting whale attention. Monitoring airdrop activity is useful for discovering early-stage projects that smart money considers valuable.