⚠️⚠️⚠️ When is the optimal time to sell tokens received for free and maximize profits?

A recent analysis conducted by CoinGecko sheds light on a crucial topic for those interested in cryptocurrency airdrops.

According to the findings, on average, the 14-day period after the airdrop is crucial, although market variability prevents establishing foolproof rules. Airdrops are designed as rewards for community loyalty and to encourage network participation.

Regarding tokens that have experienced the highest price increases in a short period, Ethereum Name Service (ENS) saw a 73% increase two days after listing, X2Y2 (X2Y2) had a 121% increase on day two, Blur (BLUR) reached 90% on day six, LooksRare (LOOKS) surged 192% by day ten, and the standout was the ArbDoge AI (AIDOGE) airdrop, whose token saw a remarkable 425% increase by day 14.

The analysis also notes that in seven airdrops, token prices reached their peak on the same day as the launch and subsequently failed to recover. In summary, considering timing and market conditions when deciding to sell airdrop tokens is crucial.

While the 14-day period after the airdrop appears significant in many cases, each situation is unique, and prudence and personal research remain essential for financial decision-making. 🤑