HTX Launches $100M “Sail Together” Airdrop to Support Crypto Traders After Market Crash
The cryptocurrency market faced severe turbulence on October 11, 2025. A massive liquidation event wiped out over $19 billion in leveraged positions within hours. The crash sent shockwaves through the crypto community and left countless traders nursing significant losses. HTX exchange has responded to this crisis with a substantial relief initiative.
Sail Together Initiative Offers Market Recovery Support
HTX launched the 100 million USDT “Sail Together” Initiative, which runs from October 16 to November 15. The program aims to help traders recover from recent market losses. The exchange previously operated as Huobi before rebranding to HTX. This initiative represents one of the largest trader relief programs in recent crypto history.
The timing of this airdrop directly addresses the October 11 market crisis. Bitcoin price fell from over $124,000 to around $104,000 within hours, and estimates suggested over 1.6 million traders were affected. The sudden price collapse triggered widespread liquidations across multiple exchanges.
HTX Airdrop Eligibility Requirements for Affected Traders
The initiative invites crypto traders from any platform or region to claim up to 5,000 USDT in loss-rebate airdrops. This cross-platform approach makes the program accessible to the broader crypto community.
Eligible participants must have incurred trading losses of at least 100 USDT between October 9 at 4:00 p.m. UTC and October 11 at 3:59 p.m. UTC. Claimants need to create an HTX account and complete Level 1 KYC verification before the event ends. The verification process ensures legitimate claims while maintaining regulatory compliance.
HTX will distribute futures coupon packages ranging from 50 to 5,000 USDT, based on the verified loss amount and user activity level. Users must upload screenshots of their trades to verify losses. The distribution system rewards traders based on the severity of their losses.
Additional HTX Exchange Benefits for Platform Users
HTX provides extra benefits for its existing user base. HTX users who have registered and completed Level 1 KYC verification can qualify for up to 150 USDT in airdrops through simplified participation tasks. These additional rewards complement the main relief program.
Users can receive a 50 USDT futures coupon package by making a single transfer of at least 500 USDT. The funds must remain in the account before reward distribution. Alternatively, traders reaching a cumulative futures trading volume of at least 50,000 USDT qualify for a 100 USDT package. They must also maintain a Futures account balance of at least 300 USDT.
Crypto Industry Response to Market Volatility
Binance announced a $400 million support package under the “Together Initiative,” offering targeted relief to retail and institutional users affected by the market crash. The package includes $300 million in token vouchers for retail traders. The remaining $100 million will be distributed as low-interest loans to institutional clients.
These coordinated relief efforts signal a maturing industry response to market crises. Major exchanges recognize their role in maintaining trader confidence during volatile periods. The initiatives demonstrate commitment to user retention and market stability.
Understanding the October 11 Black Swan Event
The October 11 crash stemmed from geopolitical tensions. Former U.S. President Donald Trump accused China of being “very hostile” and threatened steep new tariffs. These statements triggered fears of an all-out trade war, and the market reacted with panic selling and cascading liquidations.
The sudden event caused intense volatility and sharp declines across major cryptocurrencies, plunging market confidence. The crisis highlighted the interconnected nature of crypto markets and traditional geopolitical events. Leveraged positions amplified the downward pressure as automated liquidations triggered further price drops.
Conclusion
HTX’s $100 million Sail Together airdrop represents a significant effort to restore trader confidence. The initiative provides tangible support to those affected by the October 11 market crash. Similar programs from other exchanges demonstrate industry-wide recognition of shared responsibility during market turbulence.
