Notcoin’s token value crashed post-airdrop due to intense market sell pressure. After its May 2024 launch, 35 million users received $1 billion in $NOT tokens, but many sold immediately, causing an 85% drop within a week. High fully diluted valuation ($1 billion) and low liquidity exacerbated the decline, as early investors cashed out profits. Data shows 88% of 2024 airdropped tokens fell within 15 days, with Notcoin’s large allocation overwhelming demand. Community sentiment weakened as staking ended, further driving sales, highlighting the challenge of balancing generosity with stability.