Backpack Exchange's points system (Season 2, launched Jul 3, 2025) rewards $BACK airdrops via trading volume, Mad Lads NFT holding (snapshot Mar 20, 2025), referrals, tasks & campaigns. Maximize yields: trade high-volume, refer widely, complete bonuses weekly, monitor updates. Staking eyed for future boosts.
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The crypto market typically reacts to initial sell pressure from airdrop claimants with sharp price drops—often 20-50% or more within hours—as recipients dump tokens for quick profits. Trading volume spikes, then fades; examples include Linea (93% crash) and Zora (50% fall). Recovery varies with liquidity.
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Market depth and bid-ask spread changes significantly impact short-term trading. High depth ensures liquidity, reducing slippage, while tight spreads lower costs. Low depth or wide spreads increase volatility and risk.
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