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The recent Airdrop by ALLO is quite significant - nearly 300,000 Airdrops have been released. Based on the market average price of 40U per unit, the project party has directly invested 12 million USD in real money.
The price fluctuations after going live have left many people confused. In fact, the logic is not complicated: with nearly 300,000 Airdrop distributions unlocked, there will inevitably be selling pressure in the short term. From the perspective of project operation, the core goal of just launching spot trading is to establish a liquidity pool, and during this phase, there is usually no rush to raise the price.
There is a saying in the market that the project party is using this wave of selling pressure to "collect chips"—driving short-term traders out of the market to clear resistance for subsequent operations. This strategy is not uncommon when new coins are launched, as a concentrated chip structure is more conducive to price management.
Of course, being able to allocate tens of millions of dollars for an Airdrop does demonstrate a certain level of financial strength. However, any investment requires rational judgment: a large Airdrop does not guarantee the project's success, as market trends are influenced by multiple factors.
Does the so-called "wash and pump" script really exist? This question may only be answered by time. If you hold ALLO, it is advisable to pay attention to the project's subsequent actions, team disclosures, and changes in the overall market environment, rather than simply relying on a certain market narrative.
What do you think about large-scale Airdrop projects like this? Will you choose to observe or participate?