News 
May 29, 2025 
7 min. 
Airdrop tokens are making headlines this week as Kadena (KDA), Huma Finance (HUMA), and Sophon (SOPH) experience turbulent price movements following their recent token distributions.
Kadena recently launched a campaign via Galxe, offering a $55,000 prize pool to drive engagement. Despite the incentive, KDA has slumped by 14.4% over the past seven days, reflecting cautious market sentiment.
HUMA, fresh off the back of its Season 1 airdrop, has seen a dramatic 51% drop within just three days, even as the project boasts solid backing from notable investors.
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Meanwhile, SOPH witnessed a steep 33% decline within 24 hours of launch, triggered by a major token unlock event. With elevated leverage and limited immediate utility, SOPH continues to test critical support levels.
These early June airdrop tokens highlight the volatility and risk that often accompany post-airdrop trading in the crypto market.
Kadena (KDA) Launches $55K Airdrop as Price Slides Below Key Support
Kadena (KDA) remains in the spotlight this week, with a major airdrop campaign underway; however, market sentiment has taken a bearish turn. Backed by over $35 million in venture funding from firms like Multicoin Capital, CoinFund, and SV Angel, Kadena launched a 100,000 KDA airdrop via Galxe, valued at approximately $55,000. The campaign, which runs through August 24, encourages user engagement through wallet connections, social tasks, and token holding.
Despite the community incentive, KDA’s price action paints a cautious picture. As of press time, KDA is trading at $0.5745, after briefly testing highs near $0.5879. The token has now fallen below the 20, 50, 100, and 200 EMA levels on the 4-hour chart, signaling growing bearish pressure.
The most immediate support level sits near $0.5177, which has already been tested multiple times. A decisive breakdown below this could open the door to a deeper move toward $0.507, a level that aligns with both psychological and structural support.
On the upside, short-term resistance lies near $0.5516 and $0.5666, corresponding to the 50 and 100 EMA, respectively. A break above these levels could shift momentum and potentially push KDA back toward the $0.60 to $0.62 range, where further resistance is likely.
With technical indicators pointing toward continued volatility, Kadena’s airdrop campaign may not be enough on its own to offset the prevailing downtrend unless renewed buying interest emerges.
Sophon (SOPH) Nosedives 33% After Airdrop-Driven Supply Shock
Sophon’s native token, SOPH, endured a sharp decline of over 33% within its first 24 hours on the market, following its highly anticipated debut and listing on Binance. The sell-off was largely triggered by the sudden release of 900 million airdropped tokens, creating a major supply overhang.
While the project boasts more than $70 million in funding and notable support from Binance Labs, market participants were quick to offload their airdropped allocations, citing limited immediate utility and concerns over valuation.
Binance has assigned SOPH a “Seed Tag“ (a label for early-stage tokens with higher risk) and introduced futures trading with up to 75x leverage, a move that significantly magnified volatility in the early trading hours.
Currently, SOPH is hovering just above a key support level near $0.056. A breakdown below this threshold could lead to further losses. On the other hand, a sustained rebound might bring resistance at $0.059 into focus.
If bullish sentiment returns, SOPH could aim for higher targets at $0.061, $0.064, and potentially $0.067, though broader market conditions and investor confidence will play a critical role in shaping the token’s short-term trajectory.
Huma Finance (HUMA) Down Over 50% Post-Airdrop, Faces Resistance Near $0.058
Huma Finance (HUMA) entered the market with big ambitions, unveiling its tokenomics and launching a Season 1 airdrop that distributed 5% of its 10 billion token supply to early adopters. With a vision to lead in the “PayFi” sector, the project seeks to fuse instant payments, decentralized finance, and real-world assets.
Backed by heavyweight investors such as Circle and HashKey Capital, and having secured over $46 million in funding, Huma has also scheduled a second airdrop (2.1%) to follow its token generation event. Still, some in the crypto community criticized the relatively small initial airdrop allocation, particularly in light of emerging projects offering larger early incentives.
Following the airdrop, HUMA plunged over 51%, highlighting weak buy-side demand. The token has since entered a sideways consolidation phase, currently trading at around $0.0533. Despite a brief attempt to push higher, tapping a local top near $0.0557, HUMA continues to struggle below the 20 EMA, now positioned at approximately $0.0582, which serves as a near-term resistance level.
If HUMA manages to build bullish momentum and close decisively above $0.058, the next potential upside targets are $0.0596 and possibly, although these would require improved volume and sentiment.
On the downside, immediate support lies at $0.0520. A breakdown below that level could lead to new post-launch lows and further erode investor confidence unless strong dip-buying interest emerges.
While the HUMA team insists this is only the beginning of its broader rollout, early trading suggests users may now be gravitating toward more generous or utility-driven airdrop models.
