DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A recent analysis by Keyrock reveals that the majority of cryptocurrency airdrops in 2024 have experienced significant declines in value. Out of 62 airdrops analyzed, only 8 showed positive returns after 90 days, with 4 on Ethereum and 4 on Solana. Solana had a 25% hit rate, and Ethereum had a 14.8% hit rate. The tokens with the highest fully diluted valuations (FDV) suffered the most severe price drops. Airdrops distributing more than 10% of their total supply demonstrated better long-term performance and community retention, while those distributing less than 5% faced quick sell-offs. Ethereum projects have proven more resilient compared to those on Solana and BNB Chain amid overall market struggles.
Of the 62 airdrops analysed, only 8 had positive returns after 90 days—4 on @ethereum and 4 on @solana. @BNBCHAIN, @Starknet, @arbitrum, @MerlinLayer2, @blast, @modenetwork, and @zksync had no winners. Solana had a 25% hit rate, and Ethereum 14.8%. https://t.co/IA7dK8KW2M https://t.co/m1ooBRD5YK
[KEYROCK] Airdrop Price Action Reveals Early Volatility, with Majority Losing Value After 90 Days—Only 8 of 62 Airdrops Analyzed Show Positive Returns, Split Between Solana and Ethereum, While Other Chains Fail to Deliver Amid Overall Market Struggles $ETH $SOL https://t.co/7ESFAAGoBN
In 2024, 88% of airdropped tokens faced steep declines within months, with many crashing in just 15 days despite early price spikes. Airdrops distributing over 10% of total supply saw stronger community retention, while those under 5% faced quick sell-offs. Projects with… https://t.co/19zqx3SOds
