Arthur Hayes announces his return to lead Flop Labs and launches the AI Agent token FLOP

BitMEX co-founder Arthur Hayes announced his "comeback" as the head of Flop Labs, launching the token FLOP aimed at AI Agents, positioned as "fuel for AI agents."

Hayes stated that FLOP will adopt a distribution model with no pre-sale, no venture capital firms, and a 100% fair launch. The project team claims that a large-scale airdrop is expected in the fourth quarter of this year, with the genesis block set to launch in the first quarter of 2027.