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HomeNews$ARB AIRDROP AND IMPACT ON CRYPTO MARKET (P3)

$ARB AIRDROP AND IMPACT ON CRYPTO MARKET (P3)

In addition to creating an Airdrop effect for market participants, what other impact does this Airdrop event have on the Crypto market? ————————————- ***$ARB Airdrop*** Event Airdrop Times This release of $ARB has brought to the market a new inflow of money worth more than $1B. With such value, the event is considered one of the largest Airdrop events in history. ***So how does it affect the Crypto market?*** ***New Cashflow*** In this article, we will re-study the major Airdrop events in history. and their impact on the market at that time. ***$UNI Airdrop (Picture 1)*** For those who used to participate in the market in the years*** ***2020, it will not be too strange to this Airdrop event. At that point, the value of each Airdrop wallet would be somewhere around $1500, a relatively large number at the time. (BTC at the time was only $10K). With 150M $UNI allocated, the value of the Airdrop at that time was estimated to be around $600M, equivalent to a $600M inflow into the market. And this Airdrop event accidentally marks the beginning of the term called “DeFi Summer 2020”. 70 days after the Airdrop event, $BTC saw a 90% increase to the 2017 ATH mark. ***$OP Airdrop (Picture 2)*** This event is a bit special compared to the market context with 2 events. The same Airdrop event is mentioned. With 5% of the total supply being Airdropped in May 2022, the value of the entire Airdrop is around $300M. However, at this time, the market has just experienced the “Terra – LUNA” shock, so the market did not have a positive reaction. Even then, a few days later, the stETH depeg event dragged the market to a record low, BTC seeing a 37% drop since the $OP Airdrop. ***$APT Airdrop (Picture 3)*** If you have joined the market recently, you must have been surprised by the $APT Airdrop event because of its “easy”. The value of each Airdrop wallet will range from $800 – $1000. With 20M $APT allocated, the value of this Airdrop is around $150M. This airdrop brought a temporary positivity to the market before experiencing the “FTX crash”. At that point, $BTC is up 14% in just 18 days. *So with this $ARB Airdrop event, how will the market react?*




Source: Collector

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