CoinGecko, a prominent cryptocurrency data and pricing platform, has revealed through recent research that a large proportion of major crypto AirDrops reach their peak value soon after public listing. The study found that nearly half of the 50 most substantial AirDrops since 2020 hit their all-time high within a fortnight of being made available to the public. These findings underscore the potential profits for users who take part in AirDrop events within the cryptocurrency sphere.
The Critical Fortnight for AirDrop Profits
Research from CoinGecko shows that 46% of the foremost 50 AirDrops—featuring well-known cryptocurrencies such as Ethereum Name Service (ENS), Blur (BLUR), and LooksRare (LOOKS)—witnessed their value peak in the initial two weeks post-AirDrop. Such statistics signify the vital role timing plays in capitalizing on the benefits of received AirDrop tokens. Access NEWSLINKER to get the latest technology news.
The study further notes that while some tokens experienced a sharp rise in value right after the AirDrop, others took a bit more time to reach their zenith. Notably, only one from the top 50 AirDrops took over a year to hit its highest value, indicating that a majority offer swift financial returns to participants.
However, it’s worth noting that a rush to offload AirDrop tokens right after they hit the market can trigger steep price drops, potentially reducing the token’s attractiveness. A glaring instance of this was observed with StarkNet’s (STRK) AirDrop, which suffered a 60% value decline due to early sell-offs and technical glitches.
The Rising Popularity of AirDrop Events
Since 2020, AirDrops have piqued the interest of the crypto community, with countless enthusiasts keen on acquiring complimentary tokens through pre-launch blockchain events or marketing initiatives. The concept of receiving free tokens has spurred widespread involvement in AirDrop activities among cryptocurrency users.
One remarkable success story is that of a teenage investor who reportedly earned over a million dollars from the Jupiter (JUP) AirDrop on the Solana network, exemplifying the immense profit potential that AirDrops can offer in the digital currency landscape.