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According to a recently published report by CoinGecko, 23 out of 50 major airdrops achieved record token prices within the first two weeks after the airdrop date. According to the research, the maximum profit could be obtained within 14 days.
Out of the 23 tokens that reached their peak price in the first two weeks, 16 reached their peak price within two to 14 days. The remaining seven tokens reached their peak on the first day. As seen in the visual below, the report highlighted that some airdrop tokens reached their peak price on the first day, while others achieved it within the first week.
The research identified 14 airdrop tokens that managed to reach their peak price 101 days or more after the airdrop.
Among the airdrop tokens with the highest short-term price increases were Ethereum Name Service (ENS) and X2Y2. By the second day of trading, ENS and X2Y2 saw a 73% and 121% increase in prices, respectively.
Additionally, the report mentioned that Blur, LooksRare, and ArbDoge AI were among the highest short-term price increases. Blur witnessed a 90% increase in the sixth day, LooksRare increased by 192% in the tenth day, and ArbDoge increased by 425% by the fourteenth day.
According to the research, 19 out of the 50 major airdrops recorded all-time highs during the bull market in 2021. Four of these tokens reached their all-time high 100 days after the airdrop. These tokens are UNI, 1INCH, GTC, and BANK.
Despite reaching their all-time high 100 days after the airdrop, these four tokens provided high returns. For example, Uniswap’s UNI token had an ATH return of 1,145%, which is 106 times the highest price return in the first 14 days of trading.
In early 2022, there was a bull market for NFTs, helping 11 airdrop tokens achieve new ATH valuations. The report claimed that 21 airdrop tokens set new all-time highs in 2023 and 2024 due to the approval of the spot Bitcoin ETFs in the United States.
Furthermore, the report added that some airdrops have provided higher returns in the long run. Jito’s peak price on day two of the airdrop launch provided a 43% return, while Optimism’s OP token reached its peak one year and six months later, providing an 186% return.
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