⌞ The Airdrop Era Turns, My Thoughts and Summary ⌝
Binance is accelerating the listing of coins, and the premium is gradually disappearing; who feels the most uncomfortable?
Last year, Wormhole listed on Binance with a market cap of 17 billion USD; now the hottest walrus token has a market cap of only 2.5 billion, and people still think it's a bit high. At that time, Wormhole was shouting to hit 30 billion; it has only been a year.
🟡 Wormhole's single airdrop of 5000 USD; if released today, it would only be worth 500 USD at most.
The VC scene is too high-end; we shouldn't daydream; with low valuations, it’s also the airdrop farmers who feel uncomfortable.
In the past, airdrops could be shared evenly among everyone; the project party just distributed money to gain popularity, so there would always be some benefits (basic income).