@honoreetchells31
The sharp decline in the value of Notcoin after its airdrop can be largely attributed to market sell-off pressure. A significant portion of the airdropped tokens likely went to users who had little to no attachment to the project beyond the immediate gain. When these recipients received free tokens, many opted to sell them off quickly for a profit, flooding the market with an excessive supply. This increased selling activity, combined with limited demand, pushed the price down. Without long-term holders or supporters committed to the project, the value of the token dropped rapidly due to the imbalance in supply and demand.
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