Taking stock of 50 popular airdrop tokens: when to sell to maximize profits?

php editor Xiaoxin brings you the latest news: taking stock of 50 popular airdrop tokens and discussing when to sell them to maximize profits. With the volatility in the crypto market, timing when it comes to airdropping tokens is crucial. This article will analyze the characteristics of each token for you, help you formulate the best selling strategy, and achieve maximum return on investment. Read now to learn more about the trend of airdrop tokens and investment advice!

Original title: 46% of Biggest Airdrops Hit All-Time Highs in 2 Weeks

##Original author: Nicholas Boey, Coingecko

Original translation: Deng Tong, Golden Finance

1. When is the best time to sell airdrops? Good time?

Of the 50 largest airdrops, 23 (46%) peaked in token price within two weeks of the airdrop date. This shows that selling within the first 14 days after receiving airdrop tokens may be the best time to gain maximum profits.

Airdrop tokens that achieved the highest price returns in the short term include Ethereum Name Service (73% on day 2 of trading), X2Y2 (121% on day 2), Blur (90% on day 6), LooksRare (192 )% (Day 10) and ArbDoge AI (Day 14 425%).

In recent airdrops, Jito (43% increase on day 2), Wen (37% increase on day 3), Dymension (75% increase on day 10), Manta (72% increase on day 12 ) and Heroes of Mavia (217% increase on day 13), are also most profitable for investors who received the airdrop if sold shortly after the airdrop. Still, these airdrops have only been trading for a few weeks, and it remains to be seen whether their token prices will rise to new highs.

Of the 23 airdropped tokens, 16 airdrops reached peak yields between the 2nd and 14th day after the airdrop date. In other words, once a token is airdropped and trade begins, interest tends to spike dramatically. This confirms that token airdrops are an effective marketing or growth strategy, but also shows that as more people talk about airdrops, interest in a specific token tends to grow, peaking shortly thereafter and reflected in the token price. coin price.

The price of the remaining 7 airdrops peaked on the day of the airdrop, and the token price was unable to recover thereafter. For example, Solana aggregator Jupiter’s airdrop token began trading at around $0.66, but has since fallen 28% and remains below its initial price. This happens when airdrop recipients are eager to cash in on their “free funds,” causing the airdrop to be immediately sold off. As recipients decide to exit airdrops over time, token prices from these airdrops continue to face selling pressure and reach new lows.

On the other hand, 27 of the top 50 largest airdrops reached peak returns more than two weeks after the airdrop date, with time ranges ranging from 15 to 581 days. Price spikes on such longer time frames often coincide with favorable market conditions and growth of individual projects, which pushes airdrop token valuations beyond initial levels.

2. Market conditions drive airdrop price returns

38% of airdropped tokens peak in 2021 bull market

50 largest airdrops in crypto bull market 19 of them hit all-time highs (ATH) in 2021. All of these were launched before or in 2021, suggesting market conditions are driving higher valuations in the price of these airdrop tokens.

4 of these 19 tokens reached ATH more than 100 days after the airdrop. These airdrop tokens are Uniswap (1.145%), 1inch (216%), Gitcoin (242%), and Bank (94%).

These tokens have seen significantly higher returns on their ATH prices compared to their short-term peaks. For example, Uniswap’s ATH price return is 1.145%, which is 10 times the highest price return of 106% in the 14 days prior to trading.

This suggests that for some airdrops, recipients may consider retaining their airdrop allocation to increase in value over a longer period of time in order to achieve higher profits under favorable market conditions.

2022: A good year for NFT airdrops, but not others

In 2022, market conditions were relatively pessimistic, with 11 out of 50 airdropped tokens reaching ATH.

However, in early 2022, a bull run occurred in non-fungible tokens (NFTs), which helped push the valuations of 3 of these 11 airdrop tokens (ApeCoin, LooksRare, and X2Y2) to New ATH. On the other hand, other airdrop tokens that reached ATH in 2022 were launched in the same year and reached ATH shortly after the airdrop date. The exception is Osmosis, which launched in June 2021 but reached ATH in 2022.

This shows that during a bear market, after an airdrop is the best time to sell airdrop tokens to maximize profits.

2023 and 2024: Bullish sentiment returns?

The remaining 21 of the 50 airdropped tokens reached ATH in 2023 and 2024, with bullish sentiment returning due to the approval of a US spot Bitcoin ETF.

8 of these 21 airdropped tokens reached ATH more than 100 days after the airdrop. These airdrop tokens are Arbitrum (68%), Bonk (28,091%), Celestia (777%), Optimism (186%), Aptos (34%), WorldCoin (249%), Arkham (67%), and Maverick (38 ) %).

Another 5 airdrops took 15 to 100 days to reach the token price peak, while the remaining 8 airdrop tokens reached ATH within 14 days of the airdrop date. (Note that of the 8 coins that peaked within 14 days, 5 were recently airdropped: Manta, Jupiter, Dymension, Heroes of Mavia, and Wen).

This suggests that market sentiment will shift in 2024, so it may be more profitable to hold airdrop tokens when they reach new valuations in an expected bull run.

3. When to sell airdrops

As of February 20, 2024, the number of days, weeks, or years required for the 50 largest airdrops to reach the highest token price in history, and the corresponding peak Price Return Percent:

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