Open Stablecoin Index (OPEN) - Snapshot for SQUILL Drop - 07 Jun 2025

The SQUILL drop for Open Stablecoin Index could have a strong effect on price. When a project does an airdrop, many traders buy tokens before the snapshot to qualify for free rewards. This can make the price rise at first. After the snapshot on June 7, some may sell their tokens, which can cause a quick price fall. The effect depends on how much interest there is in SQUILL and if the rewards are big. It is important to watch for high trading activity before and after this event. source

What is the airdrop? is the governance token of , an equal-weight index tracking leading stablecoin-networks advancing transparency, composability, and user-led governance.

Vote-locking SQUILL earns you fees and a voice in shaping the index:…