A new research study conducted by cryptocurrency market maker Keyrock has revealed that 88% of altcoins released through airdrops this year have seen their prices decline. The majority of these projects experienced a collapse within 15 days. Out of the 62 altcoin airdrops analyzed, only 8 resulted in positive returns after 90 days. The report emphasizes that most price movements occur in the initial days following an airdrop, with very few tokens managing to achieve positive outcomes in the long term. However, the research also highlights that airdrops can be successful if the token has a high FDV (first-day value), contradicting the belief that airdrops always lead to dumps. Solana-based altcoin Drift emerged as the most successful airdrop, while ZKLend experienced a 95% drop in value. Solana was identified as the leading network for airdrops in 2024, with tokens like WEN and JUP cited as successful projects.



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