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?
Things may turn around over a night, yes this is disgusting as the entire market is very bad. Let's wait for our day.
no matter how bad it is, the market will recover,worse case scenario is Ethereum Foundation got acquire by other corp. ETH already prove it usefulness. i think some one out there is waiting for ETH management to fail and pick up their pieces for their own. most whale will only attack when you are on weakest state, not strongest. Like predator maim their prey and wait out the prey get exhausted or wounded so much that they cant move. then they can take their time to feast.