Two-Month Performance of Airdropped Altcoins

A very small portion of the cryptocurrencies that enter the market via airdrop gain value in the two-month period.

According to the research of 40 projects conducted by 6thman, the price of only ten of the cryptocurrencies that entered the market via airdrop was higher than the first day after two months.

The price of the remaining altcoins decreased between 10% and 40% after 60 days.

One of the main differences here was who the airdrop was made to. Projects that airdropped to a wider audience, rather than just to users who directly used that platform, lost more value compared to projects that distributed tokens only to people who used their platform.