So what normally happens after an altcoin has an airdrop? Bitcore(BTX) has 8% Monday of holders but I am not so sure what will happen after. Surly everone will just dump? What makes me think otherwise is that they had airdrops ever weeks for many weeks so most would be holders.
most of the airdrop holders will surely dump their tokens it is a free money by the way, however, having unhealthy and toxic participants will surely drag the price down, this happens with the ICO that I've participated though it is recovering at a slow pace it is not comparable with some legit ICO's not having any airdrops events but they have bounty campaigns, the dumps is not too far from the ICO price comparable to the project with airdrops but that would always depend on the whole project.
