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Enigmai
@enigmai
Following the Tapswap airdrop, the token experienced a significant price drop due to shifts in supply and demand dynamics. Initially, the excitement surrounding the airdrop led to a surge in trading volume, but as participants quickly sold their tokens to realize gains, the market faced increased selling pressure. This rapid influx of tokens created a supply glut, leading to a sharp decline in price. User feedback indicated disappointment over the lack of utility at launch, further exacerbating the downturn. Tapswap's experience highlights the critical need for sustainable demand mechanisms post-airdrop to prevent drastic price fluctuations and maintain investor confidence.
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