Among the exciting crypto events besides projects and collaborations, airdrop is very much stealing attention.
For example, the latest Solana (SOL) over the past three weeks has launched several projects with airdrops.
Clearly, Solana did not fully work towards the launch of the project, instead the main decentralized exchange of Serum protocol (SRM) was actually responsible for the COPE airdrop by distributing 2,000 tokens to its users who participated in the DeFi hackathon, worked on by Solana and Serum.
After the airdrop, COPE was listed on Serum with a value of $ 0.50 on March 30 and the token price jumped to a high of $ 5.43 on April 11 with a reward to token holders worth $ 10,860.
The success of the COPE airdrop has prompted the launch of serial tokens and several airdrops such as HOPE, ROPE and KOPE launched on the Solana blockchain. Coincidentally coincides with a 55% jump in SOL prices since early April.
While airdrops may have played a small role in the SOL price spike, it is undeniable that the high demand for SOL among consumers to register such airdrops has increased the price of the token.
If there are crypto followers who are interested in airdrop launches in the Solana ecosystem, you may have the opportunity to join one of them.
Based on a tweet from @Solana_Mates uploaded on April 7, more airdrops will be launched in the future.
New users are likened to the ‘lifeblood’ of a successful blockchain network. With the benefits of continuous airdrops will attract more potential projects and be able to reduce liquidity from one protocol to another.
At the time of writing, SOL is trading at $ 29.41 with a jump of over 12% in 24 hours.
