According to Bold, the post on Nov 10, 2025 states "ICOs are Airdrops" and links to a broadcast expanding on this view (source: https://twitter.com/boldleonidas/status/1988032810574376967; source: https://x.com/i/broadcasts/1OyKAjoNqgzGb). For traders, the author frames airdrop events as comparable to ICO distribution milestones, signaling they can be treated as key launch catalysts within token cycles under this perspective (source: https://x.com/i/broadcasts/1OyKAjoNqgzGb).