@diekmanncecilia
Why did Notcoin crash after its airdrop? The answer lies in massive selling pressure from short-term-focused users. The project’s Telegram mini-app made it easy for millions to earn free tokens, so most joined with no intention of holding long-term. When trading opened, these users flooded exchanges with sell orders—cashing out free tokens is a no-brainer. This supply shock crushed prices because demand was minimal—there were no big investors or real-world applications driving buying interest. As prices fell, the “herd mentality” took over: everyone wanted to sell before they lost everything, creating a vicious cycle. The project’s slow progress on ecosystem development and competition from other tap-to-earn projects only amplified the selling. It’s a classic example of hype outpacing substance in crypto. #CryptoLessons #AirdropChaos
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