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About ELMON Token
ELMON is a GameFi token associated with the Elemon platform. After the CoinMarketCap airdrop in September 2021, the token has seen minimal trading activity with near-zero daily volume.
Current metrics show:
- Price: ~$0.0007 USD
- Circulating Supply: 644.9 million of 2 billion total
- Market Cap: ~$450,000
- 24h Volume: $0
Note: Due to low liquidity, selling ELMON tokens may be difficult and could result in significant losses.
When Elemon teamed up with CoinMarketCap the leading crypto data aggregator for a flash airdrop, crypto fans scrambled to grab free tokens. If you’re still wondering what the campaign looked like, how many ELMON tokens were handed out, and where the token sits today, you’ve come to the right place. Below you’ll find a compact TL;DR, a step‑by‑step walk‑through of the airdrop mechanics, a snapshot of the token’s market data, and practical tips for anyone still holding the coins.
TL;DR - Quick Takeaways
- AirDrop ran Sep24‑282021 - only a 5‑day window.
- ELMON token price now hovers around Elemon airdrop $0.0007USD.
- Circulating supply: 644.9M of a 2B total (≈32%).
- 24‑hour volume is essentially $0 - liquidity is extremely thin.
- ~38K wallets hold ELMON, but trading activity is negligible.
What the Elemon x CoinMarketCap Airdrop Actually Was
The partnership launched a limited‑time promotional push aimed at jump‑starting Elemon’s GameFi ecosystem. Participants had to register on the Elemon website, connect a compatible crypto wallet (MetaMask, Trust Wallet, etc.), and complete a short KYC‑free form. Once approved, each eligible address received a fixed amount of ELMON tokens - the exact per‑wallet allotment was never publicly disclosed, but the distribution reached roughly 38K unique holders.
The campaign’s short lifespan (five days) created urgency and generated buzz across social media. Because the airdrop was tied to CoinMarketCap a high‑traffic crypto market data site, Elemon benefited from massive exposure without paying for traditional ads.
Elemon Platform Snapshot
Elemon positions itself as an NFT gaming platform that blends collectible digital monsters with blockchain mechanics. Its core offering is an IDLE RPG play‑to‑earn game where characters level up automatically, rewarding users with in‑game assets and token earnings. The model targets gamers who can’t commit hours daily but still want exposure to GameFi returns.
Current ELMON Token Metrics
After the airdrop, ELMON fell out of mainstream exchanges and now trades on a handful of P2P platforms. Below is a side‑by‑side view of the two most‑cited data sources.
| Metric | CoinMarketCap | Binance |
|---|---|---|
| Price (USD) | $0.000710 | $0.000677 |
| 24‑h Change | +1.82% | -5.67% |
| Market Cap | $449,840 | $434,830 |
| Circulating Supply | 644.9M | 644.9M |
| Total Supply | 2B | 2B |
| 24‑h Volume | $0 | $0 |
| Rank | #2571 | #2577 |
Both sources agree that daily trading volume is essentially zero, which translates to a 0% volume‑to‑market‑cap ratio - a red flag for liquidity seekers.
Why Liquidity Is So Thin
The airdrop flooded the market with tokens that have no strong utility beyond the Elemon game itself. Without listings on major DEXs or CEXs, holders can only trade via peer‑to‑peer swaps, limiting price discovery. Additionally, the token’s all‑time high of $3.32 (reached shortly after launch) has collapsed by more than 99% - a common fate for many early‑stage GameFi projects that failed to sustain player engagement.
What To Do With Your Airdropped ELMON Today
- Check Your Wallet. Open the wallet you used for the airdrop and verify the token balance. If you don’t see ELMON, add the contract address manually (0x… you can find it on Etherscan under the Elemon token page).
- Assess Your Goals. If you’re holding for a potential game‑related airdrop or future utility, keep the tokens in a secure wallet. If you need cash, look for peer‑to‑peer marketplaces or community Telegram groups where users exchange ELMON.
- Consider Staking. Elemon’s roadmap mentions a staking pool that rewards players with bonus NFTs. Verify whether the pool is live; staking could give you a modest yield while you wait for market interest to rebound.
- Stay Informed. Follow the official Elemon Twitter, Discord, and Medium channels. Any upcoming game updates or new partnerships could revive token demand.
- Don’t Expect Huge Returns. Given the current liquidity, treat ELMON as a speculative collectible rather than a robust investment.
How the Airdrop Fits Into the Bigger GameFi Landscape
Elemon’s approach-combining GameFi play‑to‑earn mechanics intertwined with decentralized finance and idle‑RPG gameplay-sets it apart from high‑action titles like Axie Infinity. However, the lack of sustained community growth mirrors a broader trend: many early GameFi projects burned through hype without delivering lasting value, leading to token price crashes and dwindling liquidity.
Key Takeaways for New Crypto Enthusiasts
- AirDrops can give you free tokens, but they rarely guarantee long‑term value.
- Always verify token contract addresses to avoid scams.
- Liquidity matters - a token with $0 daily volume is hard to sell at a fair price.
- Active community engagement (Discord, updates) is a strong indicator of future utility.
- Use airdrop tokens as a learning tool rather than a primary investment.
Frequently Asked Questions
When did the Elemon x CoinMarketCap airdrop happen?
The airdrop ran from September 24th to September 28th, 2021 - a five‑day window for eligible participants.
How many ELMON tokens were distributed?
Exact numbers weren’t disclosed, but the campaign reached about 37,930 wallet addresses, giving each a modest allocation of the total 2billion supply.
Where can I see the current ELMON price?
Both CoinMarketCap and Binance list the token around $0.0007USD, though daily trading volume remains virtually zero.
Is the airdrop still claimable?
No. The claim period ended in 2021. Existing holders can only manage the tokens they already received.
What should I do if I want to trade ELMON?
Look for peer‑to‑peer swaps on Telegram or Discord groups, or wait for Elemon to list the token on a decentralized exchange. Always double‑check the contract address before sending.
Oreoluwa Towoju
February 16, 2025 AT 06:20Great rundown, the airdrop was definitely a mixed bag for newcomers.
Clint Barnett
February 17, 2025 AT 10:06The Elemon x CoinMarketCap airdrop, while ostensibly generous, actually illustrates a broader pattern within the GameFi sphere where hype often eclipses sustainable utility.
First, the distribution flooded the market with a token whose primary function remained tethered to a single, nascent gaming platform, offering little immediate use beyond speculative holding.
Second, the scarcity of listings on reputable exchanges meant that holders were forced into peer‑to‑peer trades, undermining price discovery and inflating slippage.
Third, the token's circulating supply-over 644 million-combined with a negligible 24‑hour volume, paints a picture of a market so illiquid that even modest sales could dramatically shift the price.
Fourth, the all‑time high of $3.32 collapsed by more than 99%, a stark reminder that early‑stage tokens can experience exponential depreciation without continuous community engagement.
Fifth, the promised staking pool hinted at an attempt to inject utility, yet without clear launch timelines, it remains a tantalizing prospect rather than a concrete value driver.
Sixth, the project's roadmap, while ambitious in blending idle RPG mechanics with NFT collectibles, has yet to demonstrate consistent player retention, a critical factor for token demand.
Seventh, liquidity constraints mean that any attempt to cash out will likely require a discount, effectively penalizing early adopters who hoped for a windfall.
Eighth, the airdrop's five‑day window created artificial urgency but also limited thorough due‑diligence, potentially leading participants into a shallow understanding of the token's fundamentals.
Ninth, community signals such as active Discord discussions and frequent updates are weak, indicating a potential waning of developer focus.
Tenth, the token's market cap hovering around $450K is minuscule in crypto terms, suggesting limited institutional interest.
Eleventh, the dual price listings on CoinMarketCap and Binance, while offering a veneer of credibility, are practically indistinguishable in value, reflecting market parity due to the lack of arbitrage opportunities.
Twelfth, the token's smart‑contract address must be manually added to wallets, a step that can deter casual users unfamiliar with blockchain nuances.
Thirteenth, the broader GameFi landscape has seen numerous projects falter after initial hype, reinforcing the need for sustainable tokenomics.
Fourteenth, if you’re holding ELMON purely for speculative gains, the odds are stacked against you given the current market dynamics.
Fifteenth, however, for those invested in the Elemon ecosystem, future game updates or new partnerships could reignite demand, albeit with no guarantees.
Sixteenth, in summary, treat ELMON as a learning instrument rather than a robust investment vehicle, and always weigh liquidity and utility before committing further resources.
Amie Wilensky
February 18, 2025 AT 13:53While the factual details are accurate, the prose could benefit from tighter punctuation; nevertheless, the analysis is comprehensive.
Carl Robertson
February 19, 2025 AT 17:40Oh, the drama of a token that promises the moon and delivers a speck of dust! It's almost tragicomic how the community clings to hope like a lifeline in a storm of zero‑volume silence.
Naomi Snelling
February 20, 2025 AT 21:26Everything about this airdrop feels like a covert experiment; the silence on exchanges is suspicious, and the lack of real utility hints at a deeper orchestrated plan.
Jacob Anderson
February 22, 2025 AT 01:13Wow, another token that’s basically a glorified meme-just what the crypto world needs.
Charles Banks Jr.
February 23, 2025 AT 05:00Sure, because what we really needed was more questionable airdrops that flood wallets and leave us with junk you can’t off‑load.
Michael Wilkinson
February 24, 2025 AT 08:46Listen up, if you’re still holding ELMON you’re either brave or clueless; either way, consider cutting losses before you’re left with nothing.
Billy Krzemien
February 25, 2025 AT 12:33For anyone confused, the safest move is to keep ELMON in a secure wallet, monitor the Elemon updates, and only trade on trusted peer‑to‑peer channels when you truly need liquidity.
MD Razu
February 26, 2025 AT 16:20It’s essential to recognize that speculative assets like ELMON derive value primarily from community sentiment and potential future utility, not from current market fundamentals; therefore, stay vigilant, verify contract addresses, and engage with official channels to avoid scams.
Lindsay Miller
February 27, 2025 AT 20:06I appreciate the thorough overview; for newcomers, it’s vital to treat airdrops as educational experiences rather than guaranteed profit sources.
Katrinka Scribner
February 28, 2025 AT 23:53✨ This really helped me understand why I shouldn’t panic‑sell ELMON just yet! 🙏
Waynne Kilian
March 2, 2025 AT 03:40Let’s all agree that sharing accurate info and supporting each other makes navigating these low‑liquidity tokens a bit less stressful.