With regards to the distribution of ALT token claim which began yesterday at 12:00PM with 300 million tokens distributed for the first batch of the Airdrop event valued at approximately $96m at the price of $0.32 per token, there has been excitement as to whether Airdrop season is back as Multi-layer roll-up distributor Dymension is also planning to launch its mainnet in coming days with 70 million DYM token allocated for the Airdrop event.
What captivated my interest was the drastic surge in the mcap of ALT after launch. With market cap currently around $365M and FDV of over $3B. It's important to note that only 3% of ALT total supply of 10B token was airdropped with top addresses claiming 1.29M and 1.19M tokens worth $420k and $388k respectively at the price of $0.32.
With the current positive price action, this proves that investors are Keen about the project hence the continuous surge in price since listing. Several top Cex have already listed the token on their platform leaving me with the question if ALT is worth investing in?
we can't say it's the season for airdrop campaigns. some do get attention from the community and develop very well. Apart from ALT, Manta is also trending on Coinmarketcap. Several airdrops from the Solana network were also discussed on social media. and many people are talking about it.
but still if you can't talk about airdrop season. More failures than successes make airdrop hunters profitable. those who give more are of course trending everywhere. and those that fail will of course be forgotten.