Exactly, currently many farmers have created many accounts there. Their goal is to get an airdrop which can give them a lot of money. It should be noted that when more and more participants enter the warpcast platform, the prizes they get will be greatly reduced, because there are more and more warpcast users who took part in this airdrop program.
It can also happen like that but if the developer is like the developer of the Arbitrum project, maybe not because there are hundreds of thousands of people who joined Arbitrum and the average airdrop is worth $1k.
When they distribute large amounts of tokens like that, it has the potential to bring down the price of the token or coin on the exchange. It's better if we divide it with an exchange rate that is not too large
Usually like that, when distribution is distributed there will be a decrease in price. because the rewards distributed are quite large, but that is normal in airdrops and bounty campaigns. In fact, if the project is good, it's best to hold onto coins from airdrop or bounty rewards first.