I first saw the $floki coin in the comment section of Binance’s official Twitter account.

At that time, not many people in China knew about this coin, and it was mainly played by some foreigners. In order to attract more people to pay attention to this coin, those foreigners kept leaving messages under the Binance account with large traffic in the coin circle.

Objectively speaking, this coin was also a coin that took advantage of Musk's popularity at the beginning. It appeared slightly later than the meme coin $shib, which had the strongest get-rich-quick effect in the last bull market. The coin issuer was inspired by Musk's words: My shiba inu will be floki.

Although this coin is a currency that takes advantage of Musk's popularity, it is different from many other similar currencies that take advantage of traffic. It is not a simple meme coin. It has its own ecosystem - the Metaverse game. Therefore, among the sectors of many exchanges, it is classified as the Metaverse sector.

In addition, it has the following features: its flokiun is a tax-free dual-chain conversion between ETH and BSC; it has a unique deflation mechanism, which uses part of the funds in the transaction fees to recover and destroy; it has launched its own sister coin as a reward for user staking; it has a cryptocurrency payment function, which can be used to purchase a variety of branded goods and services.

There is another point that many foreigners who are loyal to this project often boast about: Flokiun is a joint project of Musk's brother Kimber Musk. This has nothing to do with blockchain technology, but in the currency circle, the benefits it brings to the project are often magnified.

In fact, it is precisely thanks to these characteristics that this coin has, at least so far, far outperformed most altcoins in terms of price in this cycle! The lowest price of $floki in this cycle was 0.00000481U, and the current price is around 0.000150, an increase of 30.25 times.

Such eye-catching currencies will attract the attention of many investors and new projects in any currency market cycle. Investors hope to pay attention to it and get the most direct returns from it, while new projects hope to have a certain relationship with it, thereby increasing the exposure of the project and making themselves stronger.

More or less due to this reason, the $cat project has recently announced that it will airdrop tokens to $floki holders. As an investor, airdrops are undoubtedly a great thing.

However, eating, especially eating the airdrop of listed coins in the cryptocurrency circle, still requires some skills. In the last bull market, I remember that someone ended up losing money because he wanted to eat an airdrop of listed coins!

At that time, there was a currency called zks, which was said to be a domestic project token. After it was listed, it proposed to airdrop one-to-one to token holders. After hearing this news, many people felt that this project was a conscientious project and the coin was also a coin worth holding, so they rushed to buy it. This rush naturally caused the coin price to rise sharply. As a result, the price of the coin began to plummet the moment the airdrop was completed, and many buyers were buried.

This incident tells us that when taking airdrops of listed currencies, we must have a certain degree of risk awareness, including the airdroppers of $floki this time.

Generally speaking, when such airdrops come, most people who know the news will rush in. Among these people, a large proportion of them have no loyalty to the project tokens. This means that these people tend to sell their tokens as soon as they get the airdrop or when the airdrop snapshot ends.

Since this type of people account for a relatively large proportion of both the number of people and the transaction volume in short-term buying and selling, their behavior often causes the currency price to experience a "roller coaster-like trend". When this happens, ordinary investors have to accept the reality of book losses.

Therefore, when taking part in the $FLOKI airdrop, we should also pay special attention to the project’s snapshot time of 23:59:59 UTC today, and make our own plans in advance.

Especially those friends who still hold $FLOKI high-multiple contract orders today need to pay more attention!

Note: The opinions expressed in this article are purely personal!