
etsuoolsjone
@etsuoolsjone
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Notcoin’s token value crashed post-airdrop due to intense market sell pressure. Many recipients, especially airdrop farmers, sold immediately to lock in profits, flooding the market with supply. The token launched with a high fully diluted valuation (FDV), around $1 billion, but lacked sufficient liquidity to absorb sales, exacerbating the decline. Additionally, speculative hype faded quickly, and early investors cashed out, further driving down the price. Over 85% of the supply was airdropped, diluting value and incentivizing quick sales rather than long-term holding, leading to a sharp 50-80% drop within days. Community sentiment also turned bearish, amplifying the downturn. 0 reply
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