The significant price drop of Notcoin following its airdrop can be attributed to several market pressures. Upon distribution, many holders liquidated their tokens to capitalize on short-term gains, creating substantial selling pressure. Additionally, the lack of a clear utility or use case for Notcoin post-airdrop led to diminished interest among investors. As speculative trading drove initial excitement, the subsequent realization that the token lacked fundamental value prompted further sell-offs. This incident serves as a cautionary tale about the importance of establishing strong use cases and community trust to sustain token value beyond the initial airdrop phase.