- CoinGecko claimed that 23 out of fifty main airdrops achieved file costs inside the first two weeks.
- Out of the analyzed tokens, 16 reached their peak worth in lower than 14 days.
- 4 tokens reached their peak worth 101 days or extra after the airdrop.
In response to a not too long ago revealed report by CoinGecko, 23 out of fifty main airdrops achieved file token costs inside the first two weeks after the airdrop date. In response to the analysis, the utmost revenue may very well be obtained inside 14 days.
Out of the 23 tokens that reached their peak worth within the first two weeks, 16 reached their peak worth inside two to 14 days. The remaining seven tokens reached their peak on the primary day. As seen within the visible beneath, the report highlighted that some airdrop tokens reached their peak worth on the primary day, whereas others achieved it inside the first week.
The analysis recognized 14 airdrop tokens that managed to succeed in their peak worth 101 days or extra after the airdrop.
Among the many airdrop tokens with the very best short-term worth will increase had been Ethereum Title Service (ENS) and X2Y2. By the second day of buying and selling, ENS and X2Y2 noticed a 73% and 121% improve in costs, respectively.
Moreover, the report talked about that Blur, LooksRare, and ArbDoge AI had been among the many highest short-term worth will increase. Blur witnessed a 90% improve within the sixth day, LooksRare elevated by 192% within the tenth day, and ArbDoge elevated by 425% by the fourteenth day.
In response to the analysis, 19 out of the 50 main airdrops recorded all-time highs in the course of the bull market in 2021. 4 of those tokens reached their all-time excessive 100 days after the airdrop. These tokens are UNI, 1INCH, GTC, and BANK.
Regardless of reaching their all-time excessive 100 days after the airdrop, these 4 tokens supplied excessive returns. For instance, Uniswap’s UNI token had an ATH return of 1,145%, which is 106 occasions the very best worth return within the first 14 days of buying and selling.
In early 2022, there was a bull marketplace for NFTs, serving to 11 airdrop tokens obtain new ATH valuations. The report claimed that 21 airdrop tokens set new all-time highs in 2023 and 2024 as a result of approval of the spot Bitcoin ETFs in the USA.
Moreover, the report added that some airdrops have supplied larger returns in the long term. Jito’s peak worth on day two of the airdrop launch supplied a 43% return, whereas Optimism’s OP token reached its peak one yr and 6 months later, offering an 186% return.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any type. Coin Version shouldn’t be answerable for any losses incurred because of the utilization of content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
