Everyone knows when airdrops are distributed, the airdrop holders immediately dump because they are all bottom feeders
Its the same 35-50k people that go around to every airdrop available to scrap up $2-5 worth and immediately dump at any price and move on to the next. Its a vicious cycle
Airdrops and bounty distribution has the same effect on token price because the majority of holders often dumps their tolen before the project even get started, but some of them don't know there are tokens worth holding even if it was given free.