Research: Most of the projects that airdropped coins this year collapsed within 15 days, and 88% of the coins have fallen in price
According to a report by DL News, a new study by the cryptocurrency market maker Keyrock shows that 88% of the token prices launched with airdrops this year have already declined, with most of them crashing within 15 days. Price movements of airdropped tokens mainly occur within the first few days after the airdrop. After three months, very few tokens are able to achieve positive returns, and only a few can reverse this trend. It is commonly believed that the more tokens a project airdrops, the worse its performance in the open market will be. However, this general perception is not supported by the data. Keyrock stated: "Contrary to the general perception, larger airdrops do not always lead to sell-offs. A token that allocated 70% of its supply through an airdrop achieved positive growth, indicating that the management of fully diluted valuation (FDV) is more important." Keyrock identified two reasons for the failure of high FDV token airdrops. First, projects with inflated FDV often struggle to maintain momentum, as the perceived upside becomes limited. Second, tokens with a large FDV often lack the liquidity to support these valuations. Keyrock stated: "If there is not enough liquidity, the price becomes highly sensitive to selling pressure."
