According to sns.sol (@sns), approximately 1.5 billion $SNS tokens will be airdropped to around 275,000 wallets that held at least one .sol domain at the time of the snapshot. An additional 500 million tokens will be allocated to ecosystem partners to further grow and support the Solana Name Service (SNS) community. This large-scale airdrop is expected to increase $SNS token liquidity and drive trading activity on Solana-based decentralized exchanges, potentially impacting the broader Solana ecosystem and related crypto markets. Source: @sns (May 7, 2025).

According to @sns, the Solana Name Service is launching a new token called $SNS, with 40% of the total supply distributed via airdrop to early and new supporters. This development solidifies Solana’s position in blockchain identity solutions and is expected to boost on-chain activity and liquidity on the Solana network. Traders should monitor $SNS listing dates and initial liquidity events, as significant trading volumes and volatility are likely around the airdrop and token launch. Increased integration of decentralized identity on Solana could also translate into higher transaction throughput and fees, benefiting the broader Solana ecosystem. (Source: @sns on Twitter, May 6, 2025)