Encryption game projects often use Token Airdrops to enhance their followership, which usually has deeper strategic considerations behind them. This practice is often aimed at participating in trading competitions, and the fundamental purpose of participation is to attract more buyers and increase market Liquidity.

When buying pressure increases, large holders of the coin gain the opportunity to gradually cash out. Generally speaking, after participating in a project competition, if the main holders do not sell off in large quantities, the coin price often rises. Conversely, if the coin price stagnates or falls, it is likely due to large holders gradually reducing their holdings.

These large holders usually adopt a cautious strategy, avoiding direct dumping, and instead gradually sell off through small amounts multiple times, while also engaging in some market operations to maintain the price. In this process, large holders often achieve considerable profits, while those participating in Airdrop may see some small gains, with the real losses incurred by investors who frequently engage in short-term trading during this period.

This phenomenon reveals the complexity of the cryptocurrency market and reminds participants to be cautious and rational, to deeply understand the operational mechanisms and market dynamics behind projects, rather than blindly following trends or engaging in excessive speculation.