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.
Airdrop participants did not actually receive much and only a few got the tokens too and mostly from the bitmax listing candy airdrop and I doubt if it will be able to dump the price.
although there were only a few Airdrop tokens, the price went down. That surprises me. Did Private Sale participants sell their bonus tokens? That would surprise me, but in times like these everything seems to be sold immediately:-)
The price per token in the private sale was 0.00003125 ETH. I doubt that investors from the private sale would sell their tokens with a loss just after the first listing on an exchange. Especially when they knew that this project is a long shot when they decided to invest.
The top investors will not risk selling out their tokens at this time., it is actually a bad move and might lead to a very big dump in value of the tokens.
Yea, top investors are actually the key to the down or fall of any brand, investment is risky and they must have looked into Cova before investing, i mentioned some notable brads that have already invested much in Cova and for the fact that they have invested huge amount will make them not to have that mindset of dumping