Keyrock's key takeaways on airdrops for 2024: 1. Short-lived excitement: 88% of tokens dropped in value within the first few months, with most crashing in the first 15 days. 2. Distribution matters: Projects that distributed more than 10% of tokens had better long-term performance, while those giving away less than 5% faced rapid sell-offs. 3. High FDV is detrimental: Tokens with a high fully diluted valuation (FDV) quickly fell in price due to low liquidity.
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Feixiaohao, a leading cryptocurrency market data website in China similar to CoinGecko, is reportedly under investigation by Chinese authorities. The investigation has been ongoing for over six months, and the exact reasons remain unclear. Many of Feixiaohao’s exchange partners have reported that they are unable to make contact with the company.
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Data from Polymarket is now being added to the Bloomberg terminal.
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