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Crypto data and price platform CoinGecko‘s latest research provides interesting information on the dynamics of cryptocurrency AirDrops. According to CoinGecko’s findings, nearly half of the largest 50 crypto AirDrops since 2020 reached their all-time high prices within just two weeks after the tokens were publicly listed. This discovery sheds light on the profitability of participating in AirDrop events in the crypto world and being rewarded as an eligible user.
The Golden Threshold in AirDrops: The First Two Weeks
Data compiled by CoinGecko from its research indicates that about 46% of the top 50 crypto AirDrops, including prominent tokens like Ethereum Name Service (ENS), Blur (BLUR), and LooksRare (LOOKS), reached their highest prices within the first two weeks following the AirDrop date. This statistic highlights the importance of timing in maximizing the gains from tokens received through AirDrops.
It is important to note that some projects experienced a rapid price increase within a few days after the AirDrop, while others took longer to reach their highest prices. Notably, only one of the top 50 AirDrops over the last four years took more than a year to reach its peak price, indicating that most successful AirDrops provide quick returns for participants.
However, the tendency to sell off tokens from AirDrops shortly after listing can lead to sharp price declines, diminishing the appeal of the token. A stark example of this is the Ethereum Layer-2 network StarkNet‘s (STRK) AirDrop, where sales by recipients and technical issues during the demand process caused the price to drop by 60% post-AirDrop.
The Craze of AirDrops in the Crypto World
AirDrops have been attracting significant interest, especially since 2020, with many crypto enthusiasts eager to receive free tokens through various methods, including pre-launch Blockchain events or promotional campaigns. The allure of earning free tokens is driving up participation in AirDrop events within the crypto world.
The case of a 17-year-old crypto investor who claimed to have made over a million dollars from the Solana-based Jupiter (JUP) AirDrop stands out as a notable example of the potential gains that can be achieved through AirDrops. Such success stories are just one of the lucrative opportunities presented by AirDrops in the crypto universe.
