A comprehensive be taught about by CoinGecko, inspecting the performance of 50 most foremost cryptocurrency airdrops from early 2020 to February 2024, has uncovered a essential pattern: 46% of these airdrops reached their very best valuation internal the initial two weeks following their unencumber.

The evaluation, specializing in the supreme airdrops when it involves market affect, indicates that recipients of these airdrops can also relieve most from promoting their tokens somewhat hastily. Particularly, 23 out of the 50 examined airdrops saw their token costs high right thru the first 14 days put up-distribution. “This implies that the suitable time to sell airdrop tokens can also be internal 14 days of receiving them, in hiss to rob maximum earnings,” the story stated.

Read extra: What Is a Crypto Airdrop? A Newbie’s Handbook

Highlighted examples from the be taught about consist of smartly-known tokens equivalent to Ethereum Title Service (ENS) and X2Y2 (X2Y2), which showed foremost mark surges (73% and 121%, respectively) internal upright two days of trading. In an analogous style, other tokens equivalent to Blur (BLUR) and LooksRare (LOOKS) witnessed grand beneficial properties internal the first ten days.

The be taught about furthermore clarify the non everlasting vs. long-term price realization of obvious airdrop tokens. Whereas many experienced high values in the early days, a grand quantity of airdrops—27 out of 50—reached their very best beneficial properties bigger than two weeks after the distribution date.

Moreover, the story highlights the affect of broader market cases on airdrop valuations. Let’s bear in mind, right thru the bull plod of 2021, a foremost portion of the airdrops finished their all-time highs, with some love Uniswap’s UNI witnessing staggering returns grand later than the initial two-week period.