HeyElsa has moved to close the dispute tied to its Wallchain Quackers campaign just as ELSA spot trading opened on Biconomy. Market data cited in the source shows the token fell 1.76% over the past 24 hours to around $0.1174, even as trading activity remained elevated.
ELSA opens on Biconomy and also reaches Bithumb
According to the source material, ELSA went live on Biconomy at 12:00 UTC on January 29, 2026, with a listing price of roughly $0.12. The exchange is described as one of the top 20 crypto venues by volume, serving users in more than 180 countries. For HeyElsa, the listing expands access and liquidity at a key stage of the token launch.
The article also says ELSA launched on Bithumb spot the same day through the ELSA/KRW pair, starting at 9:00 UTC on January 29, 2026. Deposits are limited to the Base network and require 200 confirmations. The reference price was listed at 182 KRW.
Wallchain campaign changes triggered the airdrop backlash
The dispute centered on revised reward expectations in the Wallchain Quackers campaign. Participants had initially expected token rewards in the 0.3% to 0.6% range, but HeyElsa later changed the airdrop framework, citing weak on-chain engagement. Data published by the project said that out of 500 Wallchain wallets, 46% showed no activity at all. Among active wallets, the median user recorded only 2 transactions and 1 active day.
As part of the resolution, the source says 150,000 USDC had already been paid out in advance through Wallchain, while 2% of total ELSA supply was allocated to eligible users. Those rewards come with a 3-month cliff and 6-month vesting schedule. HeyElsa said the distribution was aimed at real product users, not participants driven by harassment or misinformation. It also stated that it had the legal right to change terms before TGE, but chose to reconcile in good faith.
Price slips while trading stays active
The token's decline came despite the exchange exposure. The source links the move to short-term profit taking after listing, early-stage volatility, and lingering sentiment around the revised airdrop terms. The price softened. Volume did not. That combination points to active participation even as the market digests the latest developments.
On the product side, HeyElsa positions itself as an agentic AI layer for DeFi, built to function as a personal crypto copilot. The platform is described as handling portfolio optimization, token discovery, borrowing, lending, staking, cross-chain swaps, and bridges. It runs across Base, BNB Chain, Solana, and EVM-compatible networks, with the wallet and AI execution model designed to reduce the need for manual on-chain actions.
Community reaction remains split. Some see the settlement as a pragmatic attempt to reset without damaging the ecosystem's longer-term health, while others remain focused on the implications of changing campaign terms. From the public details released so far, HeyElsa is framing measurable product usage as the main standard behind its distribution decisions.