In two weeks, half of the major airdrops are at the top: CoinGecko
Share this article
About half of the largest crypto airdrops saw their peak values in the first two weeks of distribution, according to a February 23 CoinGecko report. Notably, 23 of the top 50 tokens distributed via airdrops, representing 46%, reached peak prices during this period, highlighting a strategy for recipients to maximize profits by selling the tokens shortly after receiving them.
Key examples of short-term price peaks include Ethereum, which surged 73% on its second day of trading, and X2Y2, which surged 121% in the same time frame. Other popular airdrops like Blur, LooksRare and ArbDoge AI also saw huge returns in the first 14 days.
The trend shows an initial increase in demand following the airdrop, leading to a temporary increase in prices. However, not all air droplets follow this pattern. Some, like Solana aggregator Jupiter, experienced a drop immediately after the airdrop, indicating a quick sell-off by receivers.
The other 27 tokens analyzed in the report reached their highs in more than the two-week mark, with some taking as long as 581 days. Long-term market conditions and project developments can play a major role in the valuation of Airborne Tokens.
On market conditions, the report revealed that 19 of the 50 tokens that fell in the air reached all-time highs in the 2021 bull market, with some tokens such as Uniswap showing significant gains from their short-term highs.
In the year 2022 was notable for NFT-related airdrops, with tokens such as ApeCoin and LooksRare hitting new highs despite an overall bearish market, showing the divergence in market trends across different types of tokens.
Looking ahead, the approval of spot Bitcoin ETFs in the United States contributed to positive sentiment in 2023 and 2024. Airdrops during this period show a mixed pattern, with some signals peaking shortly after dispersal and others benefiting from longer retention times. Changing market dynamics that may affect future airdrop strategies.
Share this article
The information contained or included in this website is obtained from independent sources that we believe to be accurate and reliable, but we make no representations or warranties as to the timeliness, completeness or accuracy of information obtained through this website. . Decentralized Media, Inc. Not an investment advisor. We do not provide personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or may be incomplete or incorrect. We may, but are not obligated to, update any outdated, incomplete or inaccurate information.
Crypto Briefing may also include articles with AI-generated content created by Crypto Briefing's own proprietary AI platform. We use AI as a tool to deliver fast, useful and actionable information without losing the insight – and control – of experienced crypto natives. All AI-added content is carefully reviewed, for accuracy, by our editors and writers, and we always draw from multiple primary and secondary sources to create our stories and articles.
You should not make an investment decision in an ICO, IEO or other investment based on the information on this website and you should never interpret or rely on any information on this website as investment advice. If you are seeking investment advice on an ICO, IEO or other investment, we strongly recommend that you consult a licensed investment advisor or other qualified financial professional. We do not receive compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities or commodities.
See full terms and conditions.
