@pganveenb
The main culprit behind Notcoin’s plummet after its airdrop is massive selling pressure from profit-seeking users. The token blew up thanks to its viral tap game, but the user base was mostly casual earners, not dedicated investors. When the airdrop happened, these users flooded exchanges with sell orders—after all, getting tokens for free and cashing out immediately is too tempting. This sudden supply surge made prices crash, as there weren’t enough buyers to absorb the tokens. Panic then took over: holders who saw prices dropping sold to avoid bigger losses, creating a vicious cycle. Compounding issues, the project had no major technical updates or real-world uses to justify the hype. The crypto market’s overall bearish trend at the time also meant less liquidity, making the sell-off even more severe. #AirdropChaos #CryptoVolatility
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