Immy Dorse 
Well, it looks like the post-FOMC rally might be taking a little breather. Major cryptocurrencies are pulling back a bit this morning, with Bitcoin down about 1% to hover around $116,300. It’s not a huge move, but it’s enough to notice after the recent climb. Other big names like XRP and SOL are seeing similar slight dips. It’s just one of those days, I suppose.
A Confirmation Everyone Was Waiting For
Perhaps the biggest story making the rounds is the confirmation from Consensys founder Joe Lubin. He’s finally said it: a MetaMask token is coming, and it’s coming “very soon.” Now, we don’t have a date or any real details. Betting markets aren’t even putting high odds on a September release. But the important thing is that it’s now officially on the table. For years, users have wondered if it would ever happen. Now we know it will.
And it’s not alone. This feels like part of a broader trend. OpenSea is in its final phase of a rewards program, hinting at token details by early October. Base’s Jesse Pollak mentioned they’re exploring a native token, though plans are still early. There’s a whole list of protocols, from Meteora to Polymarket, that have tokens or airdrops on the horizon for later this year.
The Practical Side of Free Money
Let’s be honest, people like airdrops because it feels like free money. And that’s generally a good thing for activity across the ecosystem. As one commentator, Threadguy, pointed out, it could even force a lot of old, dormant wallets back onchain just to claim these tokens. That influx of users and capital tends to stay within the crypto space, potentially boosting activity on specific chains and in niches like NFTs.
The timing here is interesting, too. With crypto prices still hovering near all-time highs and a new rate cut cycle beginning, there’s a sense that the conditions might be right for a busy final quarter. All these token events could add more fuel to the fire.
Other Noteworthy Items
In other news, Kevin Durant managed to regain access to a Coinbase wallet he’d lost way back in 2016. He bought Bitcoin when it was around $600, so that’s a pretty nice find. Pump Fun, despite its token being down 7%, has crossed $100 million in buybacks. And Plasma has set a firm date for its mainnet and token generation event next week, on September 25th.
It’s a mixed bag out there, like it always is. Some things are up, some are down, but there’s certainly no shortage of things happening.