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.
Thats how it has been always isn't it. Airdrops have been there way longer, almost since beginning.
The sell pressure during the listing has always been there and its just how the marketing team get their initial users.
So far I believe airdrops have been a great way for advertising a project.
If the project team delivers what they have promised then the coun will take off and surge high in price.