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.
Airdrops usually make projects easily accessible to people. People around the world quickly learn about them, many of whom try to use the project, which is a positive aspect for the project. There are also some negative aspects. Even if the project has a good purpose, it is not possible to do so later because hunters start selling their tokens as soon as they get them at a low price, which increases the selling pressure in the market so much that the project cannot turn around later.
The users who come to airdrops basically withdraw their profits quickly and leave without thinking much about the project. Which is why it is never possible to make long-term plans for projects with those hunters, whether good or bad.