Serenadeo
@serenadeo
As of June 29, 2025, Tapswap’s airdrop saw a 70% price drop to $0.05 post-launch, driven by 500k users dumping 1B tokens. Oversupply outpaced demand, worsened by negative feedback on low utility. X sentiment shifted from hype to skepticism, slashing value 80%. Demand faltered as 60% sold instantly. Stabilizing requires utility boosts—monitor burn rates. This case highlights how hype without substance triggers crashes in a saturated market.
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