$FLOKI airdrop, risk warning!

I first saw the coin $floki 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 coin that takes advantage of Musk's popularity, it is different from many similar coins 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, using part of the funds in the transaction fee to recycle and destroy; it has launched its own sister coin as a reward for user staking; it has a payment function for cryptocurrency, which can be used to purchase a variety of branded goods and services.

Another point is that many foreigners who are loyal to this project often boast: flokiun is a cooperative 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 the above characteristics that this coin has, at least so far, far surpassed most of the altcoins in terms of price performance in this cycle! The lowest price of $floki in this cycle is 0.00000481U, and the current price is around 0.000150, with an increase of 30.25 times.

Such an eye-catching currency will attract the attention of many investors and new projects in any currency market cycle. Investors want to pay attention to it and get the most direct returns from it, while new projects want 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 appeared to airdrop tokens to $floki holders.As an investor, it is undoubtedly a great thing to have airdrops to eat.

However, eating, especially eating the airdrops of listed coins in the currency circle, still requires some skills. In the last bull market, I remember that someone ended up "losing" himself because of eating an airdrop of a listed coin!

At that time, there was a currency called zks, which was said to be a domestic project token. It proposed to airdrop one-to-one to token holders after it was listed. After learning the news, many people felt that this project was a conscientious project and this 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 plunge a moment after the airdrop was completed, and many buyers were buried.

This incident tells us that when eating the airdrops of listed coins, it is indeed necessary to have a certain risk awareness. Including the airdroppers who ate $floki this time.

Generally speaking, when this kind of airdrop comes, most people who know the news will rush. Among these people, a large proportion of them have no loyalty to the project tokens. This means that these people often sell the tokens as soon as they get the airdrop or the airdrop snapshot ends.

Since this type of people accounts 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 market", and when this market occurs, ordinary investors have to accept the reality of book losses.

Therefore, when eating the $FLOKI airdrop this time, we must also pay special attention to the snapshot time of the project party today at 23:59:59 UTC, and make our own plans in advance.

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

Tip: The words in this article are purely personal opinions!