50% drop in the price of atrium airdrops; Why does no one count on airdrops?

As it turns out, most of the Atrium projects that launched their own token in 2021 with a dedicated airdrop now do not have the right price conditions, and most of them are at least 50% away from their historical peak. The main reason for the price drop of some of these tokens is the problems related to the way their air drains are held.

To Report Crypto Briefing, Despite the initial hype surrounding Atrium AirDrops in 2021, we now see that many of these tokens have lost at least 50% of their value.

With the expansion of Atrium projects, users of this network also receive many free tokens in the form of AirDrop; But such tokens usually can not retain their value.

Some active Atrium users received two separate airdrops over the Christmas holidays, which also thrilled the digital currency community. On Christmas Eve, the OpenDAO project distributed some SOS tokens to traders in the OpenSea market after holding a snapshot. The next day, as the demand for SOS‌ tokens increased, the market value of the project exceeded $ 300 million. However, now the price of this token has decreased by 63.7% compared to its highest level and each unit is traded at a price of about $ 0.000004709.

Earlier in the day, the Gas DAO token was launched with a special airdrop for Atrium users who have already spent at least $ 1,5559 on transactions on the network. Despite initial growth, the Dao Gas Token is currently down 77.1 percent from its peak.

The disaster that befell Open Dao and Gas Dao was more horrific than what other Atrium airports suffered, but this sharp drop in price is not limited to new projects. In fact, every token distributed by AirDrop to Atrium users in 2021 has already experienced a reduction of at least 50%.

The decentralized exchange “dydx”, which supports digital currency derivatives trading, introduced its token in September and marked one of the largest airships of the year. The DYDX token was initially priced at around $ 12, and in the weeks after its release we saw the price of this token grow. At the end of the month, with Atrium falling to $ 2,850, the price of DYDX‌ reached an incredible $ 27.86. Twelve weeks later, the DYDX price hit a nine-week low as Atrium hit a new all-time high. Now, with Atrium trading at around $ 3,800, DYDX‌ is down 66.8% from its all-time high.

The Ethereum Name Service project also introduced a token this year that was very popular in the digital currency community. The token started trading at $ 17; But in two days its value reached $ 83.4. The ENS continued to experience its first crash and despite falling back to the $ 75 price level, the market began to decline in December due to growing fears of the spread of a new strain of the corona virus, the omicron. It is worth mentioning that this token is now 52.9% away from its price peak.

ParaSwap, a decentralized exchange that supports Atrium, Paligan, Bainance Smart China and Olench networks, has lost more than 80 percent of its market value since it launched its proprietary token. One of the reasons for this dramatic collapse could be the controversial way in which AirDrop tokens are distributed among eligible addresses. Parasup launched its PSP token on November 15, a few weeks after talking about its imminent AirDrop. However, the criteria of the developers of this project for holding AirDrop was such that a large number of loyal users of this protocol were not considered eligible to participate in AirDrop. As a result of this misdistribution, the community of defy users reacted strongly to this issue.

The price of Ribbon Finance token is 63% away from its historical peak. The ribbon finance team is also under a lot of pressure after it was revealed that one of the sponsors of the project, Divergence Ventures, had abused his position during the airdrop of the project by distributing $ 2.5 million tokens between several specific addresses. it placed.

Ampleforth was one of the most popular tokens on the market. In April, the project distributed a token called “FORTH” to shareholders of the “AMPL” token, and some of them received six-digit rewards. The token, which initially traded at just over $ 55, is now priced at $ 9.40.

Also, the resurgence of the non-like tokens market in recent days has helped boost the price of collections such as CryptoPunks and Mutant Ape Yacht Club. A number of NFT collectors have also received airdrops this year; But the price fate of many of them has been different from Defy projects. For example, the NFTs of the Mutant App Yacht Club set were launched after the holders of tokens from the famous Bored Ape Yacht Club collection received an NFT containing an NFT that could upgrade their unique tokens image. Like the tokens in the Mutant App Yatch Club suite, these air-conditioned NFTs, called serum, have retained their value.

While loyal Atrium users are happy to have multiple airdrops in the days leading up to the new year, market data warns that traders’ interest in buying an airdrop token usually does not last long.