Notcoin’s post-airdrop price crash, dropping nearly 50% from $0.0145 to $0.0046, highlights the risks of hype-driven airdrops. Lessons include the danger of mass sell-offs by airdrop farmers and insufficient liquidity to absorb volatility. Effective risk management strategies involve diversifying token allocations to avoid oversupply, implementing vesting schedules to deter immediate dumping, and engaging market makers to ensure liquidity. Community incentives like staking rewards can encourage long-term holding, while transparent communication about tokenomics mitigates speculative trading. Balancing hype with sustainable utility is key to stabilizing post-airdrop prices.