@xiaoka
TapSwap’s price crashed post-airdrop due to supply-demand shifts and user feedback. The airdrop released 18% of its 18 billion TAPS supply (3.24 billion tokens) in January 2025, flooding the market. Demand initially spiked with 73 million users, but many cashed out immediately, mirroring Hamster Kombat’s 77% drop. User frustration over delays—postponed from July 2023 to February 2025—fueled sell-offs, as trust waned. Feedback highlighted unmet utility promises, with only 3 million daily active users remaining. Excess supply overwhelmed fading demand, driving prices from $0.40 to below $0.10 within weeks.
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