🔥 When Is the Best Time to Sell Airdrops?
posted 23 Feb 2024
Most airdrop participants find themselves pondering, "When should I sell these tokens?" CoinGecko's analysis of the 50 biggest airdrops revealed that over half of the project tokens (54%) achieved their all-time high (ATH) within two weeks to several months after the airdrop.
Time to reach ATH by different projects after airdrop. Source: official website of CoinGecko.
This pattern primarily applies to tokens from widely recognized and foundational projects like Optimism (OP), Arbitrum (ARB), and Uniswap (UNI). In contrast, tokens from lesser-known or trendy projects (such as Blur, Anchor Protocol, Jito, etc.) tend to reach their ATH within the first fortnight or even days. However, a few (like ParaSwap, Cow Protocol) fail to exceed their initial market price.
In essence, tokens associated with large-scale, well-supported projects, such as prominent L2 blockchains or DEXs, are advised to be held for a minimum of two weeks. Conversely, tokens from more obscure, speculative, or NFT-centric projects might be best sold immediately or after a brief holding period of a few days.
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