That was the collapse of ETH, because most of the airdrop and bounty programs were through the ERC-20 platform. Do you think the same thing happened?
yes i think something similar happened not just the airdrops or bounty programs i think alot of projects collected their funds with ETH and they have to finance the operating of the projects and as time went by in this bear market projects saw the funds they collected drop in value as time went on so they had to dump to secure the fund for operating costs and for future expenses. don't quote me on this but a projects that collected $10MM worth of ETH in january or february 2018 in now worth something like $2MM + the constant talk about scalablity for eth, i think it's some challenging times indeed.