Holdium Completes 66M $HM Airdrop, Sees 25% Price Increase

Holdium has completed its first airdrop, distributing 66 million $HM tokens to 71,000 wallets. This increased the token supply from 5% to 11.6%, leading to expected sell pressure and downward price movement, followed by rapid buys that spiked the price. The second airdrop to Solana Mobile Chapter 2 Preorder Token holders has begun, with each token holder receiving 354 Holdium tokens. This airdrop will distribute 5% of the supply to 140,000 buyers, running at around 100 transactions per second. Despite the increased supply, $HM saw a 25% price increase on the day of the airdrop. The airdrop will start tomorrow morning UTC time.