"Very disappointing, this crypto still doesn't get a response even after the airdrop."
Cryptocurrency exchange giant Coinbase announced last Friday that they have completed the highly anticipated Flare (FLR) token airdrop.
Reportedly, Coinbase acted to distribute over 601 million FLR to some eligible Ripple (XRP) holders, but unfortunately the price of the digital asset still did not make any significant increase.
Once listed under the experimental label, Coinbase has allowed FLR withdrawals on their platform while trading activity can begin if all liquidity conditions are met.
Coinbase also informed that users are able to trade new crypto assets or have low trading volumes that have been listed.
Despite that, the company still advises users to be careful as the following crypto assets may have some risks such as drastic price changes, canceled orders and others.
Coinbase emphasizes that the FLR airdrop is based on the XRP balance presented on the exchange on December 12, 2020, where the distribution ration is 1.0073 FLR for every 1 XRP X 0.15.
However, the price of FLR did not make much of an impact after the airdrop from Coinbase followed the digital asset slipping around 3% at $0.000410 in the last 24 hours.
Meanwhile, the price of XRP decreased by 0.79% at $0.51 in the last 24 hours and jumped 2.07% during the last week.
