Pyth Airdrop Puts $77 Million in the Wallets of Crypto Users - Decrypt

• Pyth, a DeFi oracles network, had a successful token airdrop, reaching a market capitalization of $765 million initially.
• The token's price fluctuated, starting at $0.53 and falling to $0.28 before stabilizing at just above $0.30.
• The initial circulating supply of 1.5 billion tokens will increase to a total supply of 10 billion tokens over the next three years.
• Approximately 250 million tokens were distributed through the airdrop, worth over $77 million.
• Around 35,000 out of 90,000 eligible wallets have claimed their tokens so far.
• Backpack, a crypto exchange, also announced an airdrop of PYTH tokens to its new users who staked SOL.
• Pyth is a prominent oracle network, currently ranking fourth in total value secured.

The article provides a factual account of Pyth's token airdrop and its market performance. No sentiment is expressed.