Study: 11 of 20 major airdrops trade below day-one price after six months
- —Median six-month return across 20 airdrops: -38.4% in USD; 11 of 20 below day-one close
- —By Sept. 27, 2026, 18 of 20 tokens sat below their day-one price, median -86.8% in euros
- —Bitcoin returned a median +20.2% over the same six months, beating tokens in 14 of 20 cases
- —The +43.9% average is carried by UNI and HYPE alone; excluding them it falls to -18.8%
Why it matters: The data suggests holding airdrop tokens is usually a losing strategy, with selling on day one or rotating into BTC historically outperforming.
Source: CryptoActu