@leeshuxuan5
The Tapswap (TAPS) price crashed post-airdrop due to supply-demand shifts and user sentiment. Initially, an 18 billion token supply flooded the market, overwhelming demand as many of the 67 million users sold off rewards immediately, a trend seen in similar tap-to-earn tokens like Notcoin and Hamster Kombat, which dropped over 70% post-airdrop. Delays in the Token Generation Event (TGE), rescheduled to February 2025, frustrated users, fueling sell-offs. User feedback highlighted disappointment over unmet expectations and perceived lack of utility, further eroding confidence. Despite staking and skill-based game initiatives, speculative dumping outpaced adoption, driving prices down from a predicted $0.03-$0.06 range. Historical "to-earn" token declines, like Axie Infinity, suggest weak long-term demand, amplifying the post-airdrop crash.
0 reply
0 recast
0 reaction