HTX has announced the launch of its “Sail Together” initiative, which will distribute $100 million in USDT to traders affected by the October 11 market downturn that caused more than $19 billion in liquidations across the crypto market.
The compensation program will run until November 15th and is aimed at users who suffered confirmed losses during the price crash and to address the impact on the exchange’s global user base.
Market context and broader impact
This program establishes eligibility criteria for participating traders. Users who have confirmed losses of at least $100 between October 9 and 11, 2025 are eligible to claim compensation.
These losses can be attributed to futures trading activity on HTX or other exchanges. The distribution amount is determined by documented trading losses submitted through the platform.
HTX “Sail Together” airdrop. Source: X (Twitter)
The airdrop period will last for one month, from October 16 to November 15, 2025, providing a clear window for affected traders to review and claim their allocations.
HTX said the compensation level will be proportional to losses confirmed through submitted transaction records.
The Oct. 11 market event that triggered this effort comes amid heightened geopolitical tensions, particularly over U.S.-China trade relations. The sharp price drop caused major market turmoil and led to major liquidations across major crypto exchanges. HTX’s response through the Sail Together program represents one of several industry responses to volatility.
The incident has led to increased scrutiny of how major crypto platforms manage user exposure during volatile market conditions.
Analysts said such market events typically test the resilience of institutions and currencies. Platform responsiveness often influences trader retention and confidence levels.
Industry evaluation of support measures
DeFi researcher Zee commented on this initiative via X (Twitter).
Other prominent voices in the Web3 space shared similar assessments on social media. Influencers Raph_GMI and Dìchén also commented on the initiative, highlighting its role in supporting traders during market turbulence.
The effectiveness of such efforts in stabilizing user engagement remains subject to market observation. Industry participants continue to monitor similar support programs by other exchanges.
These programs can impact trader retention and platform participation rates during subsequent market cycles.
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