So, does this airdrop thing mean I'm suddenly going to have a huge pile of coins appear from nowhere (ala BCH)...I imagine not since this would have pushed demand and the price wouldn't be going south.
Yes just like BCH you are going to end up with a pile of the stuff. But you wont be able to spend it without compromising your privacy. They don't seem to care about this problem either. They seem to just be pretending like it doesn't exist and ignoring anyone who points it out to them. It's almost like they don't really care about building a solid project and instead are looking for a quick cash grab that doesn't really require any work on their part...
It did pump the price. Then they delayed it by a couple of months right before the air drop was supposed to happen and that's when the price fell.