82,671 wallets claimed Brevis' BREV airdrop. 45% of the claim pot was never collected

Brevis opened its BREV claim on January 6, 2026, after a points campaign, a Kaito leaderboard and a Binance HODLer drop. The Ethereum claim contract still holds 45% of its 20 million BREV, and the token trades about 77% below its first daily close.

LC Insight Editorial Team6 min read

Illustration: LC Insight

Key points

Brevis set aside 3.5% of its 1 billion BREV supply for airdrops, 30 million at launch on January 6, 2026, and 5 million six months later. Binance's HODLer Airdrops gave 15 million BREV to BNB holders.
On-chain data compiled by Bitquery counts 82,671 wallets that claimed about $4.5 million of BREV. The Ethereum claim contract we checked still holds 9.06 million of the roughly 20 million BREV loaded into it; the window closed on February 5.
BREV traded near $0.079 on November 2, per CoinGecko, about 77% below its first daily close of $0.3488 and 86% below its $0.5601 peak.

What Brevis is and what it gave away

Brevis builds zero-knowledge (ZK) proving infrastructure: software that lets apps prove a computation was done correctly without redoing it. Its ProverNet is a marketplace where apps pay provers in BREV for proofs. ProverNet reached mainnet and BREV went live on January 6, 2026, Brevis said, and the airdrop claim portal opened the same day.

Under the BREV tokenomics published December 24, 2025, total supply is 1 billion BREV. Airdrops get 3.5%, or 35 million tokens: 3% unlocked at launch and 0.5% released in the sixth month. Ecosystem development gets 37%, community incentives 28.7%, the team 20% and seed investors 10.8%. About 25% of supply circulated at launch.

Status: claim closed. The Ethereum claim contract's on-chain deadline was 8:00 a.m. ET on February 5, 2026, and the last claim we found went through that morning, per Blockscout.

How the airdrop was marketed

Brevis ran the campaign in layers, each aimed at a different crowd.

Points: the Proving Grounds campaign started October 13, 2025. Users earned Brevis Sparks for social tasks, then for using apps built on Brevis. Brevis said Sparks would be an essential criterion for the airdrop. A referral code earned 50 Sparks.
Social: Kaito "yappers" (posters ranked on Kaito, a platform that scores crypto posts by attention) and other social contributors could qualify through their X or Discord accounts, per the registration post.
Registration: from December 29, 2025, to 1:00 a.m. ET on January 3, 2026, users checked eligibility. Social winners had to bind a claim wallet, and Brevis said wallet eligibility went through strong anti-sybil analysis (filters against one person running many wallets).
Exchange: Binance made BREV its 60th HODLer Airdrops project, giving 15 million BREV (1.5% of supply) to users who held BNB in Simple Earn or On-Chain Yields products from December 17 to 19, 2025 (UTC), with 5 million more set aside for marketing campaigns. Binance listed BREV at 9:00 a.m. ET on January 6.

What the chain shows

On January 6, a Safe multisig wallet (one that needs several signers to move funds) loaded 19,999,800 BREV into a contract labeled MerkleDistributorWithDeadline on Ethereum, per Blockscout. With a few small transfers the pot reached about 20 million BREV. On November 2 the contract still held 9,056,368 BREV, or 45.3%. No tokens left it after the February 5 deadline. Brevis has not said what happens to the leftover tokens or how the rest of its 30 million launch airdrop was split.

On-chain data compiled by Bitquery, a blockchain data provider, counts 82,671 claiming wallets and about $4.5 million paid out at claim-day prices. Our check agrees: about 10.94 million BREV left the contract, worth about $4.5 million at CoinGecko's January 6 price of $0.411. Blockscout records 82,928 token transfers at the contract; five are incoming, four of them BREV deposits and one an unrelated token. Bitquery's second report also lists Brevis with 45% still unclaimed.

BREV in the Ethereum claim contract

million BREV

Claimed10.9

Never claimed9.06

Source: Blockscout, claim contract 0xa48d...c9C7. Claimed is the difference between about 20.0 million deposited and the balance left.

What claimers did next

Most claimers did not keep their tokens. Per on-chain data compiled by Bitquery, the median claimer got about $50 of BREV. About 70% of claimers moved their tokens within an hour and about 90% within a day. About one-third sent them to an exchange. After a month, only about 5% still held at least half of their claim.

Moving tokens is not always selling. Brevis runs staking on Base and bridges BREV there with Celer's cBridge, and a Celer vault holds about 19.86 million BREV on Ethereum, per Blockscout. Still, the BREV token page shows only 9,960 holders on Ethereum, far fewer than the 82,671 claiming wallets.

Cartoon: robots rush token sacks to an exchange building under a ticking stopwatch while one robot keeps its sack, and the LC Insight mascot sweats. — Illustration: LC Insight

Price since launch

CoinGecko's first recorded price for BREV, dated January 6, was $0.411, and the token closed its first day at $0.3488, per CoinGecko. Its all-time high is $0.5601. The token slid for months and hit a low of $0.06255 on August 18. On November 2 at 8:39 p.m. ET it traded near $0.0789, with a market value of about $19.7 million and a fully diluted value (price times all 1 billion tokens) of about $78.9 million. That is about 77% below the first daily close.

Timeline

October 13, 2025
Proving Grounds points campaign starts
December 17 to 19, 2025 (UTC)
Binance HODLer snapshot window for BNB holders
December 24, 2025
Brevis publishes BREV tokenomics: 3.5% for airdrops
December 29, 2025, to January 3, 2026
Eligibility and registration portal
January 6, 2026, 6:03 a.m. ET
About 20 million BREV loaded into the Ethereum claim contract
January 6, 2026, 9:00 a.m. ET
Binance spot trading opens
February 5, 2026, 8:00 a.m. ET
Claim deadline on the Ethereum contract
November 2, 2026
BREV near $0.079; 9.06 million BREV still unclaimed in the contract

Risks for holders

Big unlocks ahead. Team (20%) and investor (10.8%) tokens were locked for one year from launch, then vest evenly over 24 months, so releases can start around January 2027.
Low float. 250 million of 1 billion BREV circulate; the rest unlocks over time.
Unclaimed tokens. 9.06 million BREV sit in the claim contract with no public plan.
Scams. The claim is closed. Any site or DM offering a BREV claim now is fake. Brevis used register.brevis.network and claim.brevis.network; never connect a wallet from a link in a reply or a DM.

LC Insight analysis

This section is our reading of the facts above, not a statement of fact.

We think the Brevis drop shows the usual gap between reach and retention. A long points campaign and a Kaito leaderboard drew tens of thousands of wallets, but a median claim of about $50 gave most of them little reason to stay.
The 45% unclaimed share is high. Strict registration, with social winners having to bind a wallet in a five-day window, may have left some eligible users out. Brevis should say whether those 9.06 million BREV go back to the treasury, get burned or fund a later round.
The next test is the team and investor unlock from early 2027. An insider share of about 31% against a 25% float means supply can rise sharply, whatever ProverNet's fee growth looks like.

What's next

A Brevis statement on the 9.06 million unclaimed BREV
Team and investor unlocks starting around January 2027
ProverNet fee volume paid in BREV

Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.