CoinGecko: 46% of token prices in the top 50 airdrop projects hit new highs within 14 days

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Cointime2024/02/24 06:24

By:Cointime

Approximately 23 out of the top 50 largest airdrop projects (46% of the total) saw their token prices reach their peak within the first two weeks of the airdrop over the past four years. These projects include Ethereum Name Service, X2Y2, Blur, LooksRare, ArbDoge AI, and others. This suggests that the best time to sell airdropped tokens may be within the first 14 days after receiving them in order to maximize profits.

Of these 23 airdropped tokens, 16 reached their highest profitability between 2 and 14 days after the airdrop date. The remaining 7 tokens saw their prices peak on the day of the airdrop and were unable to recover.

Out of the top 50 largest airdrop projects, 27 tokens reached their highest profitability after two weeks, with timeframes ranging from 15 to 581 days.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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