Coinbase-Backed Wormhole and Sentient Lead August’s Top Crypto Airdrops
As the cryptocurrency market continues to evolve, airdrops remain a popular method for investors to gain exposure to promising blockchain projects with minimal risk. This August, two standout opportunities have captured the attention of the crypto community: Wormhole (W) and Sentient. Wormhole, a $2.5 billion multichain project backed by industry giants Coinbase Ventures and Jump Trading, launched its Portal Earn program on August 14. This initiative rewards participants with experience points for engaging with its ecosystem, offering a unique entry point for airdrop farmers. Meanwhile, Sentient has also emerged as a key player in this month's airdrop landscape. These developments highlight the growing trend of projects using airdrops as a strategic tool for community building and user acquisition in the competitive blockchain space. With such high-profile projects leading the way, August 2025 is shaping up to be an exciting month for crypto enthusiasts seeking to capitalize on these low-risk, high-potential opportunities.
Top Crypto Airdrops to Watch in August: Wormhole and Sentient Lead the Pack
Crypto airdrops continue to offer investors a low-risk entry point into emerging blockchain projects. This week, Wormhole (W) and Sentient stand out as key opportunities for airdrop farmers.
Wormhole launched its Portal Earn program on August 14, rewarding participants with experience points for exploring its multichain ecosystem. The $2.5 billion project, backed by Coinbase Ventures and Jump Trading, enables users to earn XP through asset transfers and chain exploration.
Sentient emerges as another promising airdrop candidate, though details remain undisclosed. Both projects exemplify the growing trend of using airdrops to bootstrap ecosystem participation.
Gemini Trust Files for IPO Amid Widening Losses, Following Crypto Exchange Peers
Gemini Trust, the cryptocurrency exchange founded by the Winklevoss twins, has filed for a U.S. initial public offering, joining rivals Coinbase and Bullish in testing public markets. The filing reveals a net loss of $282.5 million on $68.6 million revenue for the first half of 2025—a stark deterioration from last year's $41.4 million loss on $74.3 million revenue.
Goldman Sachs and Citigroup lead the offering, with plans to list under the ticker GMNI. The move comes despite crypto market volatility, mirroring successful debuts by Bullish (BLSH) and Circle Internet Financial. Gemini secured a $75 million credit facility from Ripple, expandable to $150 million, to address outstanding debt.
3 Crypto IPOs In The Pipeline Post Circle (CRLC) And Bullish (BLSH) Stellar Debut
The digital asset market is witnessing a surge in initial public offerings, fueled by rising institutional interest and bullish price action. Circle (CRCL) and Bullish (BLSH) have set the stage with strong debuts, while Coinbase (COIN) and Robinhood (HOOD) continue to demonstrate the sector's growth potential.
Bitcoin's recent rally past $124,000 has intensified FOMO among investors, with pro-crypto policies in the U.S. adding momentum. Grayscale, Gemini, and BitGo are among the next wave of firms eyeing Wall Street listings.
