If indeed Bittrex add IGNIS in their list, price of IGNIS might drop further. Those waiting for the airdrop has been waiting for more 3 weeks and wants to recover their loss when NXT dropped after the snap shot.
Absolutely the price will drop further once it is distributed to all bittrex users who hold NXT at the time of the snapshot. I'm sure they will sell it as soon as possible because they have lost too much money for this airdrop but I do not think it will be enough to recover their lost by selling ignis.
Too many people expect too high to make profit from this Ignis distribution but the fact says the opposite. Lucky me I was not interested on this.