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?
I don't think so, in my opinion the collapse of ETH is because the price of Bitcoin is also falling, so that makes ETH prices and all altcoins also fall, but I'm sure if the price of Bitcoin rises again, all cryptocurrency prices will definitely increase including ETH prices.