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Cryptocurrency discussions / Re: What's the biggest airdrop you've ever received?
« on: Today at 09:31:11 AM »If there is a newly listed tokens in the exchange, I would expect for a dump especially those project who launched an airdrop. Besides from those who people who get rewards from airdrops, also those whales are dumping it and they are just rebuy when the market downward moment go back to normal or when the market go side ways. Whales are so smart because they can calculate if airdrop hunters can really dump the price or not, so they know what they have to do when they received their rewards.I would not be surprised if these days, airdrops value became less and less for new users.Yeah this is very common especially on newly listed tokens we should be expecting massive dump here and there. Maybe because airdroppers really are dumpers given the fact that they were paid to make some tasks and they don't care holding their tokens for long as they are afraid some whales that has more tokens might dump as well. But tokens with good narratives recovers pretty quickly and that's where regret will start. 😅
Because now there is demand from everyone wanting to get rich => everyone sells their bags => price tanks => FOMO people sell their coins => price tanks and so on and so forth.
I guess back then there were more holders. That's the only way I can speculate there not being an immediate flash crash on exchanges.