@charlotteeffie
From a supply-demand perspective, a smaller circulating supply of the airdropped token after listing often leads to higher price volatility. With limited supply, small changes in demand (e.g., short-term buying/selling) cause significant price swings, possibly driving prices up quickly but also leading to sharp drops. A larger circulating supply stabilizes prices more, as demand changes have a smaller impact on the overall market, reducing extreme price fluctuations.
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