Ethereal Live protocol Alpha Launches: Will VCs Control Day 1 Access – How To Harvest Ethereal Airdrop?
Following a weekend resurgence in the cryptocurrency trading market, with Bitcoin surpassing $110K and the total market capitalization for crypto rising above $3.8T, the mood has turned bullish once more. Traders are actively hunting for promising airdrop prospects, especially the Ethereal airdrop, which is making waves in the news.
Ethereal stands out as the inaugural decentralized spot and perpetual DEX built on the Ethena blockchain and is capturing interest as ENA rallies +4% over the last 24 hours.
The project aims to hack the capabilities of Ethena’s crypto ecosystem and its native stablecoin, USDe, by creating a high-performance on-chain financial network that caters to all essential Decentralized finance needs within a single application.
The upcoming Mainnet Alpha launch next week marks a significant milestone towards Ethereal’s goal of becoming the premier Decentralized finance everything app supported by USDe.
Access on Day 1 will be initially restricted to the top 100 users on the live platform waitlist pic.twitter.com/xVMBbH45oH
— Ethereal (@etherealdex) October 16, 2025
How to Participate in the Ethereal Airdrop During Season 1, Epoch 2
The Ethereal Mainnet Alpha is launching today (October 20). Access will be preferentially granted to the top 100 individuals presently on the Ethereal live platform waitlist. The order of the waitlist is influenced by factors including participation in Season Zero, referral actions, and various on-chain/DeFi crypto wallet metrics.
Team members from Ethereal have indicated that additional users will be granted whitelist access as the rollout continues in the weeks after today’s launch.
As the Ethereal live network goes live, Season One: Epoch 1 will officially conclude. Holders of eUSDe will keep receiving Ethereal points until midnight on October 22.
This will usher in Epoch 2, with point allocations typically occurring weekly. Season One: Epoch 2 has been designated as the timeframe during which Ethereal is in its initial alpha phase.
As Epoch 2 commences, whitelisted users will start to accrue native USDe rewards on their full margin balance for the first time, along with earning Ethereal airdrop points based on their trading activities.
The primary focus of Epoch 2 is interaction with the Ethereal live platform. Users can earn Season One points through a range of core activities such as trading, holding USDe margin, or making referrals.
Joining the Ethereal Discord, getting verified, and completing a subsequent list of tasks is another method to accumulate Season One points that will count toward the upcoming Ethereal airdrop.
Ethereal DEX Free token distribution – Join Early Waitlist
Ethereal is a decentralized spot and perpetual trading protocol on the Ethena Protocol, utilizing USDe as collateral.
Why enroll?
Native DEX within the Ethena ecosystem
Potential crypto token rewards / early access
— Sabo (@DheerajRoy21659) October 20, 2025
DISCOVER: 20+ Next Crypto to Explode in 2025
ENA Crypto Demonstrating Resilience Amid Trading market Volatility
The enthusiasm and buzz surrounding the Ethereal free token distribution campaign are driven by the momentum exhibited by ENA crypto, with its governance token climbing +9% in the past week, while most other tokens have struggled to recover from the recent crypto market downturn.
This downturn, instigated by a recent announcement from US President Donald Trump regarding 100% trade tariffs on China, resulted in over $19Bn in liquidations throughout the crypto market. Few cryptocurrencies have rebounded as robustly as ENA, which surged from $0.35 during the trading market low back to $0.5 within just eight days.
It has maintained a strong weekly structure and sits confidently above price floor at $0.439, with a potential push toward $0.6 if the broader crypto market conditions permit.
Anticipated Crypto Summit By the Federal Reserve May Induce Significant Price swings
BREAKING:
FED TO LONG-TERM HOLDING A SIGNIFICANT MEETING CENTERED ON CRYPTO TOMORROW.
INSIDER SOURCES CONFIRM A MAJOR UPDATE IS ON THE WAY – EXPECT SEVERE VOLATILITY.
HIGHLY BULLISH SIGN FOR #BITCOIN AND CRYPTO! pic.twitter.com/XN89Ipufc0
— 0xNobler (@CryptoNobler) October 20, 2025
The US Federal Reserve has announced an unexpected ‘major’ meeting scheduled for tomorrow that will concentrate on cryptocurrency. While many traders and investors are bullish, the crypto market appears to have reacted positively to this news; however, if tomorrow’s meeting yields no significant outcomes, the temporary rally may swiftly reverse.
No formal details have emerged regarding the Fed’s focus in tomorrow’s crypto meeting. Nevertheless, speculation is mounting that a favorable update could be made.
Additionally, the FOMC meetings are set for just eight days away, with Powell likely to lower interest rates further, a cut of 25bps seemingly at a 96% chance, according to Polymarket.
Another significant event this month that could generate further volatility is the anticipated meeting between Donald Trump and Chinese President Xi Jinping, expected to occur at the end of October.
A negative outcome from this high-level discussion between the two world leaders could be detrimental to the global economy, likely leading to a dump in crypto as investors reduce their holdings in risk-sensitive assets like Bitcoin, ENA, and other digital currencies.
EXPLORE: Best Meme Token ICOs to Invest in October
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