# Arthur Hayes Says No FLOP Token Exists as Airdrop Nears By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/36799 Published: 2026-10-21T15:37:33.000Z Updated: 2026-10-21T15:37:33.000Z Section: Technology > Hayes expects the Flop testnet and airdrop to launch within weeks. He warned against claims that FLOP is already available. Maelstrom co-founder Arthur Hayes said Oct. 21 that the Flop testnet and airdrop would launch within weeks, warning that no FLOP token currently exists. Hayes called anyone claiming a FLOP token already exists a scammer. His warning comes before the planned airdrop; he did not give a specific launch date. The proposed network would let AI agents purchase GPU computing capacity from providers. The project previously outlined a testnet-linked airdrop of 4.4 billion FLOP, equal to 24.3% of its projected supply in year 10. Hayes had [previously said the testnet would launch within weeks](). His Oct. 21 update extends that expected window to the airdrop. ## Links in this article - [previously said the testnet would launch within weeks](https://www.tokenpost.com/news/technology/29947)