Keeping a record of what circumstances might make it worth buying or holding if we receive an airdrop in the future. Take $DNA this time as an example: selling as soon as it arrived would have brought in only a little over 30U, while holding would be worth 120U now.
1. Its current fully diluted valuation is 280.66M, with a circulating market cap of 25.14M. It opened with a circulating market cap in the 10M range.
2. It knows how to build hype through marketing. Before launch, all kinds of KOLs were posting about DNA on Twitter. On top of that, it airdropped tokens to #StandX non-TGE users, so there was a lot of buzz.
3. It was listed on quite a few top- and second-tier exchanges, including Binance Alpha, OKX perpetuals, Bybit perpetuals, and Bitget spot.
It feels like everything came together at the right time, in the right place, with the right people. With this kind of circulating market cap and hype, you could even buy in at launch. The one before that, $DRV , was already trading when it launched, and its market cap was quite high, so people dumped heavily as soon as they claimed the airdrop at launch. But after the dump, it looked like there was a chance to buy back in, and today it has climbed nearly 20% again.
1. Its current fully diluted valuation is 280.66M, with a circulating market cap of 25.14M. It opened with a circulating market cap in the 10M range.
2. It knows how to build hype through marketing. Before launch, all kinds of KOLs were posting about DNA on Twitter. On top of that, it airdropped tokens to #StandX non-TGE users, so there was a lot of buzz.
3. It was listed on quite a few top- and second-tier exchanges, including Binance Alpha, OKX perpetuals, Bybit perpetuals, and Bitget spot.
It feels like everything came together at the right time, in the right place, with the right people. With this kind of circulating market cap and hype, you could even buy in at launch. The one before that, $DRV , was already trading when it launched, and its market cap was quite high, so people dumped heavily as soon as they claimed the airdrop at launch. But after the dump, it looked like there was a chance to buy back in, and today it has climbed nearly 20% again.