Airdrops have become one of the most common ways for new crypto projects to gain attention, grow communities, and reward early supporters.
But I’ve noticed a trend a lot of these projects have massive sell pressure right after the airdrop claim period. Early holders dump their free tokens, and surely the price crashes, and the project struggles to recover.
Some people argue that airdrops are great for marketing and getting more users, while others believe they create a short-term hype bubble and hurt long-term value.
From your post, its early buyers who kill value of a project and I its really like that. If you examine whitepaper of any project that run an airdrop and has a presale, you would notice that amount of airdropped tokens are usually a very small amount, maybe only 1% or less from all the tokens. If you look on the amount of tokens sold on presales, you would notice that the amount would be way more than 1% (10-15% could be easily). Not to mention they receive bonuses. With <1% its hard to kill value, but with 10-15% it can be done easily.