Elemon (ELMON) x CoinMarketCap Airdrop: What Happened and Where It Stands Today

Back in September 2021, thousands of crypto users got a free taste of Elemon - a blockchain gaming project promising passive income through digital monsters. The Elemon x CoinMarketCap airdrop ran for just five days, from September 24 to September 28, and gave away ELMON tokens to anyone who signed up. It seemed like a simple win: sign up, get free crypto, maybe cash out later. But what happened after the airdrop ended tells a very different story.

What Was the Elemon Airdrop?

The Elemon airdrop wasn’t just another crypto giveaway. It was tied to a full gaming platform built around NFTs and idle RPG mechanics. Think of it like collecting digital creatures - similar to Pokémon or Tamagotchi - but these monsters lived on the blockchain. You didn’t need to play for hours. Just leave them running in the background, and they’d earn you ELMON tokens over time. The idea was simple: enjoy the game, earn crypto, no grind required.

CoinMarketCap, one of the most trusted crypto data sites, helped spread the word. That gave Elemon instant credibility. People trusted the platform enough to sign up with their wallets, hoping this would be the next big play-to-earn hit. The airdrop didn’t ask for money. No deposits. No KYC. Just a wallet address and a few clicks.

How Many People Got Tokens?

About 37,930 wallets ended up holding ELMON tokens after the airdrop ended. That’s a solid number for a project that didn’t have a big marketing budget. Most of these users didn’t buy in - they got the tokens for free. That’s why the circulating supply is so high: 644.9 million out of a total 2 billion ELMON tokens were distributed through the airdrop and early incentives.

The tokens landed directly in participants’ wallets. If you claimed them back then, you still own them. But here’s the catch: most of those tokens are sitting idle. No one’s trading them.

Where Is ELMON Today?

If you check CoinMarketCap right now, ELMON trades at around $0.000710. That’s less than a tenth of a cent. Binance shows a slightly different price - $0.000677 - but the story is the same. The token is practically worthless compared to its peak.

Elemon’s all-time high? $3.32. That was back in late 2021, right after the airdrop hype. In just a few months, it dropped over 99.9%. Today, it’s down 99.98% from that peak. That’s not a correction. That’s a collapse.

Even worse - trading volume is $0. Zero. Not $500. Not $50. Zero. That means no one is buying or selling ELMON on major exchanges. The market is frozen. Liquidity is gone. The token exists, but it’s not moving.

Why Did ELMON Die?

There’s no single reason, but several red flags add up.

First, the game never caught on. The idle RPG concept sounded good on paper, but the graphics, mechanics, and rewards didn’t hold up. People tried it, got bored, and moved on. Without active players, there’s no reason to hold the token.

Second, the team disappeared. No major updates since 2022. No new features. No roadmap. No social media activity. The website still loads, but it feels like a ghost town. That’s a bad sign for any crypto project.

Third, the market turned. After the 2021 crypto boom, investors started dumping low-volume tokens. ELMON had no trading volume, no utility, and no team presence. It became an easy target for abandonment.

And finally, CoinMarketCap didn’t keep promoting it. Once the airdrop ended, the spotlight moved on. The project didn’t earn its place on its own.

Can You Still Claim ELMON Tokens?

No. The airdrop ended on September 28, 2021. The claim window is long closed. If you didn’t sign up during those five days, you missed it. There’s no second chance. No new airdrop. No extension.

If you did claim tokens back then, you can still find them in your wallet - but you can’t sell them easily. No major exchange lists ELMON anymore. Binance delisted it. KuCoin doesn’t support it. The only places it trades are tiny, low-liquidity DEXs where prices are unreliable and slippage is high.

Is Elemon Still Alive?

Technically, yes. The website is up. The NFT monsters still exist on the blockchain. The code hasn’t been deleted. But there’s no development. No community growth. No new partnerships. No updates.

It’s like a video game server that never got shut down - but no one’s logging in anymore. The infrastructure is still there, but the game is over.

Most of the people who got ELMON tokens either forgot about them, sold them for pennies on early DEXs, or just left them sitting there - hoping for a miracle that never came.

What Can You Learn From This?

The Elemon airdrop is a textbook case of how not to build a lasting crypto project.

Free tokens don’t create value. A good game does. A strong team does. Regular updates do. Community engagement does.

Airdrops are great for getting attention - but if you don’t deliver on the product, people walk away. And when they do, your token dies.

This isn’t the first time it’s happened. It won’t be the last. Projects like Axie Infinity and The Sandbox proved that play-to-earn can work - but only if the gameplay is fun, the economy is balanced, and the team stays active.

Elemon didn’t meet any of those bars. The airdrop was the peak. Everything after was decline.

Should You Buy ELMON Today?

No.

There’s no reason to buy ELMON now. The token has no trading volume. No exchange support. No development. No community. The market cap is under $500,000 - smaller than a single NFT collection on OpenSea.

Buying ELMON today isn’t an investment. It’s a gamble on a dead project coming back to life. And history says that almost never happens.

If you’re looking for play-to-earn games, there are dozens of active ones with real players, real updates, and real trading volume. Don’t waste your money on a ghost.

Final Thoughts

The Elemon x CoinMarketCap airdrop was a moment in crypto history - a flash in the pan. It gave thousands of people free tokens. But it didn’t give them a future.

It’s a reminder: not every airdrop is a gift. Some are just a way to get early users so the team can raise money, then vanish.

If you still have ELMON tokens in your wallet - congratulations, you’re a collector. You own a piece of crypto history. But don’t expect them to ever be worth anything again.

The real winners? The people who sold early. Everyone else? They’re just holding digital ghosts.