According to BlockBeats, on September 26, a new study by cryptocurrency market maker Keyrock showed that 88% of the tokens airdropped during coin issuance this year saw a drop in price, with most of them plummeting within 15 days.
Keyrock said in the report: “Most of the price volatility occurred in the first few days after the airdrop. Three months later, few tokens have been able to generate positive results, and only a few tokens have been able to buck the trend. Projects with too high FDVs usually have difficulty maintaining momentum as the expected upside becomes limited. In addition, tokens with high FDVs usually lack the liquidity to support these valuations. Without sufficient liquidity, prices become highly sensitive to selling pressure.”
