The LRTs that delivered Airdrop have experienced a significant rise this week, reaching up to 157% in $Puffer
These 6 tokens were the Airdrop of the #Eigenlayer narrative, and these Airdrops were earned simply by staking $ETH.
Ethereum, which is rising today.
A clean stake of a long-term asset.
But WARNING - HIGH RISK.
If you notice, these tokens have a very small supply compared to the total supply.
Therefore, their MC/FDV ratio gives very small values that don't even reach 0.25
This value, the closer it is to 1, is a very good indicator (against possible dump and inflation), and the closer it is to 0 represents a bad indicator.
We refer to this as a medium and long-term indicator.
This determines that if the value is low (close to zero), it means that there are many tokens locked on the way to being released, generating selling pressure and anchoring or weighing down the price in the medium and long term.
This does not mean opposite results in the short term.
These tokens can rise strongly in the short term if they are pushed both by technology, utility, and the rise in the price of $ETH
Regards, DragonCrip