HTX, a prominent cryptocurrency exchange, has rolled out a $100 million USDT airdrop campaign titled "Sail Together" to support traders affected by the massive $19 billion market liquidation on October 11, 2025. The initiative, announced on October 20, aims to help users recover from losses incurred during the sharp market downturn, with the campaign running until November 15.
Eligibility requires traders to have suffered at least 100 USDT in losses between October 9 at 4:00 PM UTC and October 11 at 3:59 PM UTC. Participants must register for an HTX account and complete Level 1 KYC verification before the deadline. HTX will distribute futures coupon packages ranging from 50 to 5,000 USDT, based on verified trading losses, which users must substantiate with screenshots. The coupon value also depends on post-registration activity on HTX's futures platform.
The October 11 crash was one of the largest liquidation events in crypto history, wiping out over $19 billion in leveraged positions within hours. Bitcoin's price plummeted from around $124,000 to approximately $104,000, driven by geopolitical tensions, including remarks from former U.S. President Donald Trump that escalated fears of a trade war. Estimates indicate over 1.6 million traders were impacted globally.
HTX emphasized its commitment to user recovery, stating, "Through tangible incentives and genuine support, HTX aims to help users quickly recover from setbacks and rebuild confidence." The exchange also called for industry-wide collaboration to foster sustainable crypto growth. In a parallel effort, Binance launched a $400 million "Together Initiative", offering token vouchers and low-interest loans to affected retail and institutional users, highlighting a sector-wide response to market volatility.
JUP
SOL
BNB
PEPE
ETH
USDC