Price is only down like 70% since cancellation of airdrop. How can you not interpret that as a great success and ringing endorsement from the community of folks who already owned byteballs? Clearly price would have dropped like 90% if coins were distributed on full moon

yes, exactly my point.
this march airdrop should have been the last one but it was the very wrong decision to cancel it in the last moment after advertising it for several weeks and giving investors a false motivation to invest.
how should investors and supporters keep believing this head developer and main coin holder after this?
although he might have not promised it 100% he still changed his mind about a very big issue with lots of investors and supporters being involved who are very upset about his sudden mind change and lost their trust in him.
i actually think it was not his own idea to cancel this airdrop, it was rather the "great idea" of some of the newly hired consultants and "marketing experts".
their ideas for the new distribution methods might be not bad in theory how they could work but in practice these methods will fail and the whole project will suffer (does already) because of this "innovative" idea/decision.
after doing this last airdrop there would have been still enough of coins left for these "little nice ideas" to try these new ways of distribution.
but that way they wouldn't have had so many investors and (former) supporters being upset and would have maintained the overall trust of the community.
let's just hope that in long term the good technical structure of this coin makes it survive this issue and grow again.
i hope they will find some better ideas for the distribution of the rest 40% in which the actual supporters could take part a little more.