The Notcoin airdrop price crash highlights key lessons: massive token distribution can lead to rapid sell-offs, tanking prices (e.g., NOT dropped nearly 50% post-launch). Oversupply without liquidity triggers volatility, as seen with $294 million in initial trading volume fading fast. Risk management strategies include: 1) Limiting airdrop size to control supply, 2) Ensuring liquidity via market makers or staking incentives, 3) Engaging the community to reduce dumping, and 4) Hedging against volatility with phased releases. Sustainable tokenomics and clear utility are critical to avoid hype-driven crashes.