Quote from: fortunecrypto on October 23, 2024, 01:33:57 AM

Quote from: Barikui1 on October 22, 2024, 07:07:37 AM

Then on the aspect of price of a newly launch token dropping drastically, I think that you are actually right, the selling pressure will definitely make every other token to depreciate in value if it's too extreme, but i am quite positive that this one wouldn't fall as hard as cats token.

The urge to sell is very high if you got your token free; if you're an investor, you will wait for the price to increase for profit since this is an airdrop. Many are there for profit and not actually to support the project, so expect the price to dump. Part of the dumping pressure is the disappointment coming from users who worked for it for several months and only got dust.
They just want to move out of the project and move on, and this is a lesson learned for everyone to check every airdrop that you are going to work on; our time and effort are priceless.

It's the meta of such projects - only a small portion would want to have some skin put on and wait for a month or two (at least!) to see the profits and the project to live on and try to evolve.
I do think that's logical because of the nature of the project, and because not much would be done after the drop itself.