$RESOLV Core Reasons for Reducing Positions**

1. **Ongoing Airdrop Selling Pressure**

- **Low-Cost Token Impact**: 60% of airdrop accounts have a cost below $0.05 (mainly from Binance HODLer airdrops and Alpha point recipients), and even with the current price at $0.65, there is still **23 times profit potential**. On-chain monitoring shows that market maker Wintermute has replenished Binance with 3.7 million RESOLV in the past week (accounting for 35% of daily trading volume).

- **Second Round of Airdrops Imminent**: The Bybit Megadrop second round of airdrops will be distributed on June 16 (total amount undisclosed), and new selling pressure may further suppress prices.