yes you are right stellar is good coin and have much attention of crypto traders a little bit price down makes traders to buy more and hold that's why price is not getting down by giveaways coins. in this current bearish period stellar is performing great .
Well last year they have a big airdrop with blockchain.com when giving away 100 mil $ worth of XLM. Then this year they continue an Airdrop with Keybase, and total airdrop is 120 mil $ and split in 12 months. So it'll effect to XLM price. I'm sure for that.
But we also have to know the developers have considered this before, everything must have been anticipated
There may indeed be a price reduction but it's not significant.