Re: 🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵

I get the feeling theirs a lot of new money getting into the project since the 2 new listings, and the airdrops structure makes it also really well done to drive sales of tokens as well to unlock the airdrop which i think was a really smart way of handling it

You can check up market cap of Covalent on crytorank for daily trading volume and market cap. They got listed on cryptorank a few weeks back.
Btw bitcoin and most altcoins prices has been going up, Since COVA is listed, its volume and price would keep pumping. Its best time to get more cova tokens because its low.

COVA Airdrops was a nice idea from the team. It helped build a solid community. Btw I think there should be a way to keep airdrop in check to prevent price dump by airdrop hunters.

What I thought to and it will also give them good trading activity and volume on bitmax. I hope huobi will be able to follow the steps of bitmax.

So on the one hand you are saying that the airdrop helped building a solid community, and on the other hand you are saying that airdrop receivers should be restricted from selling?

How many tokens did Airdrop participants get anyway? I doubt that they can really "dump" the price.

The tokens are only trading a few days now, it just takes some time for the price to stabilize.

Ill say the prices is pretty stable when you compare that with the market trend. Also, most airdrop tokens are locked. Last one on BitMax was locked just to keep a stable price. Although USD Value is a little lower, Eth and btc value is higher

Yes and blaming an airdrop to destroy the price is the wrong way to think about it. If you create enough demand an airdrop shouldn't do much at all.