You are currently viewing Crypto Airdrop Secrets Revealed: Peak Prices in Just 14 Days!
Crypto Airdrop Secrets Revealed: Peak Prices in Just 14 Days!

Crypto Airdrop Secrets Revealed: Peak Prices in Just 14 Days!

According to CoinGecko, a large cryptocurrency news website, nearly half of the 50 biggest crypto airdrops since 2020 reached their peak value in just two weeks of being publicly listed. Which is a surprising thing.

New data from CoinGecko also shows that if you hold a free crypto token for more than two weeks after receiving it, you may miss out on selling it at its highest price almost half the time. Since 2020, people have been interested in receiving airdrops. The easiest way to get them is to join or promote a new blockchain project before it launches.

For example, on February 1, a 17-year-old investor made more than $1 million from the Jupyter (JUP) bounty on Solana.

A recent report from CoinGecko shows that over the past four years, nearly half (46%) of the top 50 Crypto Airdrops like Ethereum Name Service, Blur, and Luxray reached their highest prices within just two weeks of debut. Went.

The report also notes that 23 of the 50 largest Crypto Airdrop (46%) saw their token prices peak during the first two weeks.

This means that 46% of the top airdrops reached their all-time high in just two weeks. Some other tokens that reached their all-time highs within this time frame include Manta Network (MANTA), Anchor Protocol (ANC), and Heroes of MAVIA (MAVIA).

Interestingly, while some projects reached their peak value in just a few days, only one of the top 50 crypto airdrops in the last four years took more than a year to reach its highest value.

Some tokens take longer than others to reach their highest price. As such, it took one year and seven months for optimism (OP) to reach its peak value. SWEAT, on the other hand, reached its all-time high just two days after its airdrop, while WEN peaked in three days.

However, when too many people sell their tokens soon after listing, this can cause the price to drop rapidly, making the token less attractive than before.

For example, on February 22, the StarkNet (STRK) token dropped by nearly 60%, according to Cointelegraph, as a company called Nethermind and people who had received a gift sold millions of dollars worth of tokens.

Additionally, if participants encounter technical issues during the claiming process, they may lose confidence in the network and decide to sell their tokens.

There was a massive selloff of Arbitron (ARB) tokens in March 2023 as the number of tokens sent to exchanges exceeded the number of tokens held in wallets by 150%. This happened because many users had trouble claiming their tokens, causing the claiming page to crash within an hour due to so many requests.

What is a Crypto Airdrop?

Crypto airdrop is the delivery of cryptocurrency tokens or coins to a large number of wallet addresses for free or in exchange for completing certain tasks. These tasks might include joining Telegram groups, following social media accounts, or participating in a project’s community forums.
Crypto airdrops are often used by blockchain projects as a marketing strategy to increase awareness, reward early adopters, and bootstrap their user base. Airdrops can be conducted on various blockchain platforms including Ethereum, Binance Smart Chain, and others.

Investment Disclaimer:

This information is for educational purposes only and is not financial advice. Cryptocurrency investments involve risks. Consult with a financial advisor before investing. Past performance does not guarantee future results. Opinions expressed are personal.

Simon Brown

Hi there! I'm Simon Brown, a passionate writer delving into the exciting realm of cryptocurrency. From dissecting crypto news to making bold predictions, I cover it all. Join me on this thrilling journey through blockchain, NFTs, and beyond!

Leave a Reply