For me here is no, because we already experience a lot of this, especially for tokens that were airdropped recently, like Aptos and Arbitrum.
As you can see, on these both tokens, on the very first they started to be traded, the price started on top and it is dropping slowly.
That's why a lot of people are waiting for a dump before buying, or some people that got airdropped tokens tend to sell them after it is available to trade and they will just rebuy at a cheaper price.
I am not sure if this will still apply if we are in a bull season.