The news of this airdrop came to light when Twitter user Jordan Spence (@spencecoin) shared a message that he received from Coinbase. The message explained, since he had stored Ethereum in his account in the preliminary distribution and airdrop of OMG, he would be retroactively awarded the tokens.
Back in July 2017, OmiseGo snapshotted all the Ethereum addresses that held more than 0.1 ETH which qualified them for the airdrop.
The tokens were dispersed in September of that year, however, at that point in time OmiseGo was not listed on Coinbase, so users weren’t able to collect.
Now that Coinbase has officially listed OmiseGo (OMG), Coinbase will deliver the overdue funds to the saved Ethereum addresses. In fact, OmiseGo is about to airdrop almost 5% of its total supply.
Around 460,000 Coinbase customers will receive the overdue airdrop in their accounts and users will get approximately 0.075 OmiseGo tokens for every ETH they are holding.
Earlier this month, on May 18, Coinbase opened the doors for OMG to institutional traders via its professional division, Coinbase Pro.
Roughly three days later, retail clients attained access to the asset. The move proved bullish for ETH as its price soared by a mountainous 25% following the news.