OKXDiscount code
20% off eligible trading fees
OKX referral code: TRADEOFF20. Sign up with this code to get 20% off eligible trading fees.
Affiliate link. We may earn a commission, at no extra cost to you.
At a glance
- What changed
- A 36 billion PEPE reward pool, valued by OKX at about €162,000, shared pro rata among OKX Europe users who join the drop and trade at least €500 in ten eligible tokens, with PEPE trades weighted 3×.
- Who it affects
- Identity-verified OKX Europe main-account holders in the EEA; institutional accounts and sub-accounts are excluded, and OKX says not every user may be offered the drop.
- When
- 10 November 2026, 13:00 UTC to 15 November 2026, 13:00 UTC (14:00 in Amsterdam). Daily payouts started on 11 November.
Add Exchange.news as a preferred source on Google
A 36 billion PEPE drop for traders in Europe
OKX has opened another X Drops Club campaign for its European customers, this time paying rewards in PEPE, the frog-themed memecoin. The exchange announced it on X on 11 November, and its EEA campaign page lists a total pool of 36,000,000,000 PEPE, which OKX valued at €162,076.49 at the price it showed that day, €0.0000045 per PEPE.
Like October’s ZEC drop, this is a trade-to-earn campaign: rewards depend on how much eligible volume a participant trades, not on balances held. The campaign page showed more than 5,500 users had already joined when it was checked on 11 November.
When it runs
The campaign page gives the drop period as 9:00 PM on 10 November to 9:00 PM on 15 November 2026 in UTC+8, OKX’s campaign time zone. That is 10 November at 13:00 UTC to 15 November at 13:00 UTC, or 14:00 in Amsterdam, Paris and Berlin. The drop therefore started a day before OKX posted about it, and the X post only says to get in “before Nov 15”, so the 13:00 UTC close is the time to plan around.
Rewards are calculated and paid daily. According to the page, the first distribution ran on 11 November at 9:00 PM UTC+8, or 13:00 UTC, and payouts continue each day until the drop ends, five daily drops in total.
Which trades count
Only volume in a basket of ten tokens counts: PEPE, ZEC, ENA, LINK, NEAR, TAO, UNI, ARB, INJ and PUMP. PEPE volume counts three times and the other nine count once. Trades in tokens outside the basket do not count.
The page lists spot trading, spot margin trading with leverage of up to 10×, and the buy, sell and convert features as eligible ways to build volume. X-Perps and xStocks trades are excluded under MiFID rules. Volume only starts counting once a user has joined the drop, so earlier trades do not count. OKX links to a separate explainer for the full list of eligible pairs and instruments, and its general X Drops terms, covered in our report on October’s ZEC drop, also exclude some zero-fee trades and stablecoin swaps.
How rewards are worked out
To qualify, a participant needs at least €500 of eligible trading volume. That threshold is measured on base volume, so the 3× PEPE boost does not help anyone reach it; the boost only applies to the share calculation.
Each daily reward equals the participant’s eligible volume, accumulated from joining until that day’s cut-off, divided by the total eligible volume of all participants, multiplied by the day’s reward pool. Each daily reward is capped at 60,000,000 PEPE per participant, about €270 at the price OKX showed, and total earnings depend on how many daily drops a user qualifies for. Rewards are deposited automatically.
Who can take part, and what is unconfirmed
The campaign page says drops are available to users whose accounts have passed identity verification, and that institutional accounts and sub-accounts do not qualify. It adds that the drop may only be available to some users and tells customers to check the drop page to confirm their eligibility.
Some details sit behind a logged-in account and could not be checked: the full list of eligible trading pairs, how the pool is split across the five daily drops, and whether a particular account is offered the campaign. The euro value of the pool moves with the PEPE price, and trading only to chase a share of the pool still exposes a trader to fees and to sharp price moves in volatile tokens.
Dates to know
As announced by the provider. A listed date does not confirm current availability or eligibility.
- Drop opensDate passed
- Drop closesUpcoming date
OKXDiscount code
20% off eligible trading fees
OKX referral code: TRADEOFF20. Sign up with this code to get 20% off eligible trading fees.
Affiliate link. We may earn a commission, at no extra cost to you.
Conditions
Offer eligibility varies by product and region. Do not assume it applies to EU stock perps, Pre-IPO products or card payments.
The code and partner link have no expiry. Campaign dates, benefits and eligibility are separate and may change. Check the provider’s current terms before signing up.
