Crypto’s most recent black swan event on October 11, 2025 has touched many crypto whales and firms, so HTX, one of the largest global crypto exchanges, is lending a helping hand. This centralized exchange (CEX) is setting up a $100 million airdrop for customers affected by the horrendous $19 billion crypto market wipe-out.
Ruthless Market Behavior Inspires $100M Relief Fund
Sailing together back into green territory, HTX’s “Sail Together” campaign will dish out up to 5,000 Futures coupons in USDT. These loss-rebate token airdrops are available until November 15, 2025. By the promotion rules, all users who had leveraged positions between October 9 from 4:00 PM UTC to Oct. 11 3:59 PM UTC are eligible to grab a piece of the $100M USDT pie.
This comes a week after Binance introduced a similar campaign, launching a $400 million support package dubbed “The Together Initiative”, of which $300 million is set aside for retail traders that had at least 30% of their account balance sheet wiped out. Another $100 million is going to institutional investors as low-interest loans to soften the blow.
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The general crypto markets rebounded positively to the HTX $100 million relief fund news, with Bitcoin (BTC) restoring the $111K resistance. On the bright side, Bitcoin (BTC) completely erased last weekend’s brief from $111K to $104K, but geopolitical concerns keep BTC from a stronger rebound towards $121K.
Additionally, the wobbling liquidity books and crypto whale indecision keeps the flagship asset $10K below the levels needed to recover since mid October’s $19B liquidation storm on Perpetuals. With the general market cap growing 4% in 24 hours to $3.86 trillion, top alts also tacked on the wave, scoring 4-5% upswings with ETH back at $4K.
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A sudden market crash on October 11, 2025, triggered massive liquidations—forced sales of leveraged trades—totaling over $19 billion. This hit about 1.6 million traders, dropping Bitcoin to multi-month lows.
HTX launched the “Sail Together” initiative on October 20, 2025. It distributes $100 million in USDT as futures coupons to ease losses for affected users.
Traders on HTX who lost at least 100 USDT in futures trades from October 9 (4:00 p.m. UTC) to October 11 (3:59 p.m. UTC) can apply. You verify losses with screenshots.
Register on HTX, complete level 1 KYC, and upload proof of losses via the initiative page. HTX reviews activity on your futures account and issues coupons worth 50–5,000 USDT.
The program runs until November 15, 2025 (10:00 a.m. UTC). HTX invites other exchanges to join for broader crypto support—check their site for updates.
