Among those who received the ERA airdrop, more than half did not sell immediately. When asked why, they said, “I often go to this RARI Chain on the chain, and I also play on ApeChain, keeping it to pay for Gas conveniently.”
Unlike some airdrops that are dumped immediately upon receipt—ERA can truly be used on the chain, becoming a “useful thing,” and thus some people are holding onto it. Among 27 million wallets, more people are holding onto it, which has stabilized the coin price.