I have never figured out one thing:
For projects that have already issued tokens, when they airdrop on Binance Alpha, without exception, they immediately crash their token price.
The Binance Alpha users who receive the airdropped tokens basically sell them as soon as they get them, with no buying interest. So, are the project teams simply spending money to airdrop and crash their own token price, just to attract some Binance Alpha users to pay attention to and use their products?
If, and I mean if, the project team is taking advantage of the high liquidity of Binance Alpha to offload and realize cash, then which users in Binance Alpha are buying these airdropped tokens? The project team can't just sell them directly to their market makers, right? Market makers aren't fools either.
Here’s a K-line chart of the chain game Space Nation purely as an example; this project is still struggling to operate, which is much better than those projects that rug pull right after selling NFTs.