Letter 96: Four more promising airdrops to farm

Plus a bonus, basically-free-money opportunity on X

Airdrops have fallen out of the limelight lately. This always happens when the market turns choppy and bearish — but many of the greatest airdrops are born out of such market conditions.

I’m going to make this post specifically about perp dexes, as that’s where I think the best opportunities are right now. I still recommend paying attention to some of the projects I posted about in my last post about airdrops.

We’ve now seen several fruitful perp dex airdrops: HyperLiquid, Aster, Lighter, Avantis. The fact that some of their token prices have dropped a lot since the initial airdrop is sort of irrelevant to the fact that the airdrops themselves were very profitable (assuming you took your profits shortly after, as I recommend in my Airdrop Guide and wrote about in my recent post on TGEs).

Before we get to them, a bonus note, make sure to drop your Ethereum address under this tweet — it might be nothing, but it’s gone viral and the person behind it, Meta Alchemist, also built one of the larger launchpads we’ve seen in the space (Seedify), and is now on his vibe coding arc. We’ve seen some vibe coding AI tokens pop off this past week, so it’s worth a shot at some free money.

Alright, without further ado, four perp dexes to pay attention to (some are also just genuinely awesome and exciting ideas come to life):