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A look at the price performance of 11 airdropped tokens after they were launched this year

BlockBeats2024/05/28 10:52
By:BlockBeats
Original author: Defi_Mochi, Stacy Muur, crypto researchers
Original translation: Felix, PANews


In 2024, major projects launched airdrops one after another. Based on the summary information of crypto researchers Defi_Mochi and Stacy Muur, this article consolidates the price performance of 11 tokens after this year's TGE (Token Generation Event).


Price performance of some tokens after TGE; Source: Stacy Muur


Jito (JTO)


· Airdrop: 10% of 1 billion total supply (100 million)

· Current circulation: 121,958,742 tokens

· Price performance since launch: up 149% from $1.49

· High ROI (most stakers are eligible to receive 4900+ tokens)



Airdrop method:


80% allocated to jitoSOL Stakers --->Higher proportion allocated to SOL stakers


· More prone to Sybils as airdrop qualification criteria favors SOL low stakers

· Healthy growth in TVL and metrics



Ethena Labs (ENA)


· Airdrop: 5% (750 million airdropped out of 15 billion total supply)

· Current circulation: 1,479,139,274 tokens

· Price performance since launch: +73% from $0.52

· Extremely high ROI for DeFi users


Airdrop Method


· 5% of the total supply will be airdropped, 50% will be initially unlocked to the top 2,000 users and Pendle's YT token holders, and the remaining 50% will be unlocked linearly over 6 months. 3% of the total airdrop, 0.15% of the total token supply, will be distributed to SchizoPosters and Redacted Remilio Babies series NFT holders.


· Highly consistent with protocol indicators--> TVL reached a new high of 2.7 billion during the S2 event


· Airdrops favoring DeFi drive the adoption of sUSDE




friend.tech(FRIEND)


· Airdrop: The current total supply is 93,884,904 pieces, 100% airdropped to the community

· A 64% drop from $3.08 since launch

· For key Overall low ROI for holders and buyers



Airdrop Method


· Airdrop all tokens to community members, launch V2 and Club at the same time

· Users can claim remaining airdrops by joining Club, etc.

· Average price discovery



Jupiter (JUP)


· Airdrop: 1.35 billion (13.5% of total supply of 10 billion)

· Price performance since launch: Up 51% from $0.66 USD

· For most users of the platform, the return on investment is moderate



Overall, JUP’s airdrops are aligned with the key metric that the project cares about most (trading volume). With strong partnerships and products like jupSOL and launchpad, JUP has been a huge success overall.



Wormhole(W)


· Initial airdrop: 617 million W (6% of total supply)

· Initial airdrop value: $1 billion

· Current value: $345 million

· Initial price vs. current price: -64%


AltLayer(ALT)


· Initial airdrop: 300 million ALT (3% of total supply)

· Initial airdrop value: $90 million

· Current value: $110 million

· Initial price vs. current price: + 28%


ether.fi (ETHFI)


· Initial airdrop: 60 million ETHFI (6% of total supply).

· Initial airdrop value: $202 million

· Current value: $300 million

· Initial price vs. current price: +47%


Polyhedra Network (ZK)


· Initial airdrop: 150M ZK (15% of total supply, unlocked linearly over 36 months)

· Initial airdrop value: $480M

· Current value: $210M

· Initial price vs. current price: -43.8%


ZetaChain (ZETA)


· Initial airdrop: 31.5M ZETA (1.5% of total supply).

· Initial airdrop value: $52 million

· Current value: $47.5 million

· Initial price vs. current price: -10%


Renzo (REZ)


· Initial airdrop: 700 million REZ (7% of total supply).

· Initial airdrop value: $105 million

· Current value: $94.5 million

· Initial price vs. current price: -6.3%


Notcoin (NOT)


· Initial airdrop: 80 billion NOT (80% of total supply).

· Initial airdrop value: $466 million

· Current value: $413 million

· Initial price vs. current price: -17%


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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