XEM will drop XYM (Symbol) at a 1:1 ratio in a couple days. I expected this to help drive the price up as people accumulate for the snapshot, but in the past week price has been slowly falling. I remember this happened once with some shatcoin back in the 2017 run, there was some hype around a token drop at a snapshot, but as everyone was holding the coin off exchange in the required wallets the price tanked even before the snapshot, ended up not being worth it, lost more in the trade than made up for in the new token. What are you thoughts on this XYM drop? NEM is hyping the shat out of it, but I don't see much chatter about it on social media, making me wonder if it's a non-event and maybe better off taking profit in case price keeps heading down.
The good old days when I actually had NEM. Just saw the price now and I think I actually saved myself more problems by dropping it then,,, and I doubt any airdrop it can make now can make me return to using it.
Very normal to happen, not just to shatcoins, look at Tron and others for these useless drops. Definitely a non event sorry to say.