php Editor Youzi One of the topics that attracts a lot of attention in the blockchain field is the best time to sell airdrop tokens. When it comes to airdrop tokens, many people wonder when to sell to maximize profits. In fact, choosing the best time to sell requires considering many factors, such as market conditions, token value, trading volume, etc. Through in-depth research and timely market analysis, you can better grasp the timing of selling and achieve better investment returns.
OP: Offering you the opportunity to buy at $0.51. CANTO: Offers you the opportunity to buy at $0.19 and subsequently sell off. APTOS: Offers You the Option to Buy for $7, Crypto Markets Continue to Crash Next. BLUR: Offering you the chance to buy at $0.6, USDC decoupled a few weeks later, causing a sell-off in the crypto market. ARB: Offering you the chance to buy at $1.11. Patience, the first of all good qualities, you might as well wait.
It makes no sense to rush to buy these tokens immediately after the airdrop. During the first 30 days, each token works to determine its market value. However, market data shows that within these first 30 days, prices have hit the bottom or are very close to it. This means that buying the token at this stage may result in excessive risk, as the price may have already reached a temporary high. It would be wiser to wait for the market to stabilize and watch price movements in order to make more informed investment decisions. At this early stage, be cool
These tokens all have a feature that other tokens do not have at the current stage: the new currency rule. The market has developed the habit of buying new rather than old. Taking their prices on the 30th day as an example, we can feel how ingrained this habit is.
Selling your tokens within 24 hours of issuance is a good strategy; be patient over the next 14 days to avoid fear of losing money And blindly follow the trend; experience shows that buying tokens again within 30 days after the token airdrop is an excellent time.
Of the 50 largest airdrops, 23 (46%) reached their highest point in token price within two weeks of the airdrop date. This suggests that within 14 days of receiving your airdrop tokens, it may be the best time to sell your tokens for maximum profit.
The 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%).
Among the 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), it is 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.
Among the 50 largest airdrops in the crypto bull run 19 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.
In 2022, market conditions were relatively pessimistic, with 11 out of 50 airdropped tokens reaching ATH.
However, early 2022 saw a bull run 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.
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.
Number of days, weeks, or years required for the 50 largest airdrops to reach all-time high token prices as of February 20, 2024, and corresponding peak price return percentages:
CoinGecko also pointed out that with the bullish market sentiment in 2023 and 2024, 8 airdrop projects reached ATH after more than 100 days, including:
Arbitrum(ARB): 68%
Bonk(BONK): 28,091%
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