🖼️📉These are some altcoins of NFT projects. They have been airdropped. Again, it is clear that airdrops should always be dumped on day 1. As you can see, it is also madness to buy this garbage on the listing.  

The $Pengu  situation is also particular because users were incentivized to buy it to receive a points boost on Abstract Chain. I know people who bought considerable amounts but is it worth it? Will the future points boost for Abstract airdrop compensate for a -50/-85% suffered for the $Pengu dump? I think not.

Any narrative of "locking" or "holding" an altcoin to receive points, points boosts or future airdrops is a scam in 99% of cases:   

➜ "Lock in exchange for points/airdrops, pump our bags, so we dump".  

This model worked very well with $ATOM in 2021, however there was never an airdrop promised by the foundation nor did anyone "inside" incentivize staking $ATOM to receive airdrops. It was always the "outside" layer1s building on Cosmos Hub that rewarded $ATOM stakers.