46% of the largest crypto airdrops in 14 days – CoinGecko

According to recent data from crypto data aggregator CoinGecko, a newly floated crypto token has been sold for more than 14 days, nearly halving its chance of being sold, more than ever.

There is a significant increase in airdrop interest from 2020. The most common way to receive free airspace tokens is to participate in a pre-launch blockchain network activity or promotion.

On February 1, Cointelegraph reported that a 17-year-old crypto investor from Solana-based Jupiter (JUP) Weather has earned more than $1 million.

According to a recent report by CoinGecko, over the past four years, half (46%) of the top 50 crypto token airdrops, including popular tokens such as Ethereum Name Service, Blur, and LooksRare, reached their peak value within two weeks of launch. .

According to the report, “23 of the 50 largest airdrops (46%) recorded high token prices in the first 2 weeks of their launch date.”

Other tokens that have skyrocketed in the first two weeks include Manta Network (MANTA), Anchor Protocol (ANC), and Mavia Heroes (MAVIA).

While some projects reach high profits in a few days, only one of the 50 airdropped tokens in the last 4 years took more than a year to reach a high price.

Optimism (OP) took one year and 7 months to reach an all-time high. Meanwhile, Lab (Lab) hit an all-time high in two days following the airdrop, and WEN (WEN) posted its biggest gain in three days.

Related: Airdrop Season? Protocols will offer $700M token airdrops in one week

However, a significant drop in sales soon after listing results in a price drop, reducing the token's appeal.

In the year On February 22, Cointelegraph reported that the Ethereum layer-2 network's Starknet (STRK) token has dropped approximately 60% after Ethereum infrastructure firm Nethermind and airdrop farmers dumped millions of dollars in the airdropped token.

In addition, participants in the climate can interpret technical issues in the claim process as an unreliable network, which makes them think about selling the token.

In the year In March 2023, the amount of Arbittrum (ARB) tokens taken to exchanges exceeded the flows into wallets by 150%, resulting in a massive selloff. This comes after users reported glitches on the airline's claims page within an hour of the claims process due to a high volume of queries.

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