Alexandre Dreyfus, CEO of Chiliz (CHZ), a sports-themed altcoin network, announced a new altcoin airdrop in the Chiliz ecosystem in his statement on X.
Chiliz, which previously attracted attention with the airdrop of the token called PEPPER, will airdrop a new altcoin called SALT to users, according to Dreyfus' statement.
According to the CEO's post, the SALT altcoin will be distributed to users in 2025.
During the PEPPER airdrop, the world’s largest cryptocurrency exchange Binance supported the move, paving the way for CHZ holders to receive PEPPER tokens. However, PEPPER remained a truly small token with a market cap of $12 million.
However, the performance of the CHZ altcoin price seems to be disappointing. In a period when we are in a serious bull market, with Bitcoin price reaching an all-time high of $85,000, the CHZ price has only increased by 1.42% in the last month. Its performance in the last year has been a 17% decrease.
The token, which has a market value of $636 million, is listed on the world's largest cryptocurrency exchanges such as Binance and Coinbase.
*This is not investment advice.