Elemon (ELMON) Airdrop Details: CoinMarketCap Partnership, Token Stats & How to Claim

The Elemon airdrop sparked a lot of buzz when it launched in September 2021, but what actually happened, how the token is performing today, and what you need to know if you still hold those tokens?

Key Takeaways

• The Elemon x CoinMarketCap airdrop ran for five days (Sept24‑282021) and distributed ELMON tokens to thousands of users.
• Current price hovers around $0.0007USD with a market cap near $450K, but 24‑hour trading volume is effectively zero.
• ELMON is an ERC‑20 token tied to a GameFi platform that mixes idle RPG mechanics with NFT‑based monsters.
• Liquidity is thin; moving large amounts may incur high slippage or be impossible on most exchanges.
• Holding the token still gives access to the Elemon ecosystem, but future value depends on platform development and broader GameFi trends.

What Is Elemon and Why It Paired With CoinMarketCap

Elemon, identified by the ticker ELMON a utility token that fuels the Elemon GameFi ecosystem, is a blockchain‑based gaming platform that lets players collect, battle, and trade digital monsters as NFTs. The project markets itself as a “simple, creative, and enjoyable” way for gamers who can’t commit hours daily to still earn rewards through an idle RPG format.

Partnering with CoinMarketCap the leading cryptocurrency data aggregator gave Elemon instant exposure to a massive audience of crypto‑savvy users. By co‑hosting an airdrop, the two entities aimed to seed the token distribution while showcasing Elemon’s GameFi concept to a broader market.

Timeline and Mechanics of the Airdrop

• Start date: September242021 (UTC)
• End date: September282021 (UTC)
• Eligibility: Users needed a verified CoinMarketCap account and had to complete a short KYC form. Some community tasks - like joining the Elemon Discord, retweeting a promo tweet, or referring friends - boosted the amount received.
• Distribution: A flat allocation of 100ELMON per qualified participant, delivered directly to the wallet address linked during registration.
• Post‑airdrop: Tokens became tradable on a handful of decentralized exchanges (DEXs) but never secured strong listings on major centralized venues.

Because the window was only five days, the campaign generated a sense of urgency. Nevertheless, the airdrop succeeded in reaching roughly 37,900 holders, according to the latest CoinMarketCap snapshot.

Current Token Metrics - Price, Supply & Market Cap

As of October102025, the token trades at around $0.000710USD on CoinMarketCap and $0.000677USD on Binance a major cryptocurrency exchange platform. The slight price divergence reflects different data refresh cycles and limited liquidity.

The token’s circulating supply stands at 644.9millionELMON out of a hard‑capped 2billion, meaning roughly 32% of all tokens are in public hands. This yields a market capitalization of about $449,840USD (CoinMarketCap) versus $434,830USD (Binance). Both sites report essentially zero 24‑hour trading volume, indicating that buying or selling large positions could be problematic.

Liquidity Challenges and What They Mean for Token Holders

Zero 24‑hour volume on both tracking sites tells a clear story: market participants are not actively trading ELMON. The volume‑to‑market‑cap ratio is therefore 0%, a red flag for anyone hoping to cash out quickly. Low liquidity typically leads to two practical risks:

1. Slippage: Even modest sell orders can move the price dramatically, eroding expected returns.
2. Order Fill Failure: Large sell orders may never execute because there aren’t enough counterparties.

If you’re holding a sizable amount, consider using a decentralized exchange with a reputable liquidity pool (e.g., Uniswap V3) where you can add your own liquidity to improve market depth. Keep in mind that providing liquidity also exposes you to impermanent loss.

Elemon’s Position in the GameFi Landscape

Elemon falls under the broader umbrella of GameFi the fusion of gaming and decentralized finance. Specifically, the platform blends NFT non‑fungible tokens that represent unique in‑game assets monsters with an IDLE RPG a genre where characters progress with minimal player interaction mechanic. This combination aims to attract two user groups:

• Casual gamers who enjoy collecting and battling digital creatures without daily time commitments.
• Crypto investors seeking passive earnings from in‑game tokenomics (e.g., staking rewards, monster breeding fees).

The platform’s “play‑to‑earn” promise mirrors other early GameFi projects, but unlike highly active battle‑royale blockchain games, Elemon’s idle design reduces the barrier to entry.

Risks, Community Sentiment, and Future Outlook

Several factors temper optimism about ELMON’s upside:

• Stagnant Development: Since the 2021 airdrop, there have been few public updates about new game features, partnerships, or roadmap milestones.
• Liquidity Void: As outlined earlier, the token’s lack of daily trading hampers price discovery and may deter new investors.
• Competitive Pressure: The GameFi sector is crowded, with newer titles offering deeper gameplay, stronger tokenomics, and aggressive marketing.
• Regulatory Landscape: Some jurisdictions are tightening rules around play‑to‑earn models, which could affect Elemon’s ability to expand globally.

On the flip side, the existing user base (≈38K holders) still holds a collective stake in the platform’s success. If Elemon releases a major update-say, a cross‑chain NFT marketplace or a partnership with a mainstream gaming studio-price speculation could revive.

How to Access or Transfer Your Airdropped ELMON Tokens

If you participated in the original airdrop, the tokens were sent to the wallet address you registered with on CoinMarketCap. To view or move them:

1. Open a compatible Ethereum wallet (Metamask, Trust Wallet, Ledger, etc.).
2. Add the ELMON contract address: 0x... (replace with actual contract). Most wallets will auto‑populate the token name and symbol after a few seconds.
3. Verify the token balance; it should reflect the 100ELMON airdrop plus any additional tokens you earned through in‑game activities.
4. If you wish to trade, connect the wallet to a DEX that lists ELMON (e.g., Uniswap). Keep in mind the low liquidity-use a small transaction size first to test slippage.
5. For long‑term holding, consider staking ELMON on the Elemon platform (if the feature is active) to earn in‑game rewards.

Never share your private keys or seed phrase. If you’re unsure about the contract address, double‑check official Elemon community channels or the original airdrop announcement on CoinMarketCap.

Conclusion: Is the Elemon Airdrop Still Worth Your Attention?

In short, the airdrop was a successful branding move for Elemon back in 2021, distributing thousands of tokens and garnering a modest community. Today, the token sits at a fraction of its all‑time high, with almost no trading activity. That said, the tokens still grant access to a niche GameFi ecosystem that could bounce if the developers roll out fresh gameplay or bridge to other blockchains.

If you already hold ELMON, keep an eye on official updates and consider staking or providing liquidity to unlock potential value. If you’re evaluating whether to acquire ELMON now, treat it as a high‑risk speculative asset-its upside hinges on future development, not past performance.