BINANCE AIRDROPS ARE BLEEDING!🩸However, $ORDI & $WIF Hold Strong! 🔥👇

Over 84% of recent Binance's Airdrops have experienced a decline in value. In fact, out of 30 analyzed tokens, only 5 of them have increased in price. ORDI, WIF and JTO are the top performers while PORTAL, AEVO and SAGA have performed the worst! The overall decline is partially attributed to the utility they provide. When they don't match investors' expectations, they serve as "exit liquidity" and are sold off ASAP! Watching at data, investors have preferred to hold memecoins because of their popularity and big fan base.

However, in my opinion, there are several reasons why many of these new tokens have underperformed. The high initial valuations is the first because new tokens are listed with a massive fully diluted valuation while not having a substantial user base. That limits their growth! Second, the market conditions. This could drastically impact them according to the crypto market trend (correction/uptrend). At least, the lack of real-world use case (utility). New tokens often miss a straight utility (due to their early stage) and thus it becomes difficult to sustain their value over time.

And You, Which Binance Airdrop Tokens Do You Still Hold? 🤔 Let Me Know In Comments!

STAY TUNED!🔥& Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#binanceairdrop #AirdropAnnouncements #dogwifhat #memecoins2024