Keyrock: Most of the projects that airdropped their tokens this year collapsed within 15 days

Odaily News A new study by cryptocurrency market maker Keyrock shows that 88% of projects that conducted airdrops when issuing coins this year have seen price declines, and most of them will collapse within 15 days. Keyrock also said that most of the price fluctuations occurred in the first few days after the airdrop. Three months later, few tokens have been able to produce positive results, and only a few tokens have been able to buck the trend. Projects with too high FDVs often have difficulty maintaining momentum as the expected upside becomes limited. In addition, tokens with higher FDVs often lack the liquidity to support these valuations. Without sufficient liquidity, prices become highly sensitive to selling pressure. (DL news)