Davide on Warpcast

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🪂📉Is it better to hold or sell airdrops at listing? These are some airdrops released between 2024 and 2025. As you can see, the numbers speak for themselves: at listing it is always better to sell airdrops, except in very rare cases. If we exclude Hyperliquid ($Hype + its memecoin $Purr) and $Grass, all the other airdrops record shocking numbers with an average of -80% and in some cases up to -95, -99%. Ekubo in green is an aggregator on Starknet that has released crumbs and liquidity is so low that it has not dropped in price. Other numbers: - About 60% have reached the maximum price in the first week of launch (usually on day1, the day of listing). - Almost all tokens have lost about 70% in the 24 hours following the listing.

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Two lessons on these statistics: 1) It is convenient to dump on the day of listing in $BTC or at most, if you believe that the market could be bullish in the following months, in high market cap crypto ( $ETH, $SOL, $BNB). If you think the market may go into a long Bear Market, sell in stablecoins (or $BTC). 2) Never buy altcoins on listing day. What influences the bad price action? 1) Useless tokens (no purpose). 2) Tokens continuously given away as incentives on chain ("farm & dump"). 3) Many times they are used to pay devs that develop in their ecosystem. 4) Continuous supply unlocks (for teams, devs, early backers, VC, etc). 5) Those who invest in the project (funding) buy the token at a very low price so even with -80% they are still making a profit (they could also short the token as a hedge during the vesting period). 6) Everything that is listed on Binance, in the space of a few months, makes at least -90%.

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