Airdrop events can significantly influence a project's token price, often leading to increased speculation and trading activity. Historical cases show that successful airdrops can enhance visibility and demand for tokens, driving prices upward. However, initial price surges may be followed by corrections as traders take profits. The long-term impact on token prices will depend on the project's ability to maintain user interest and utility post-airdrop. Monitoring market reactions and sentiment can provide insights into potential price movements. Understanding supply and demand dynamics during these events is crucial for investors.