After holding $WEN token on solana blockchain i was later airdropped another token worth 4$ which i learnt it was a community airdropped to almost everyone holding WEN the name of the airdropped token was Catwifhat.
I got interested in the project when my 4$ airdrop pumped to 30$ i was wowed i had to do research more about this token found out that Catwifhat became a hit deflationary meme across the Solana community in early 2024 after completing airdrops to more than 1,300,000 holders.
Based on the hit-meme dogwifhat and utilizing a burn fee with Solana Token Extensions, 4% of $CWIF are automatically burned from every on-chain transaction.
Right now i'm about buying more to what i'm holding.
any thought or advice for me here ?
I will not recommend you to buy the token just after claiming the airdrop because usually in these kind of situation the price will drop or you'll see some fluctuations over time in the Market conditions. Moreover people will take their interest out due the free airdrop which is done.
So the best time to invest will be when you will analyse the market conditions after getting the data when the will will spend some time in the market.