According to Milk Road, an analysis of 62 cryptocurrency tokens launched via airdrop revealed that 89% experienced a price decline within 90 days of launch. The primary reason cited is that free token distribution leads to immediate sell pressure as recipients quickly cash out, undermining long-term value. Only 7 out of the 62 tracked tokens managed to maintain their price level in the same period. This data underscores the risk for traders considering newly airdropped tokens and highlights the importance of monitoring post-airdrop price action and sell volume for short-term trading strategies. (Source: Milk Road, Twitter, May 11, 2025)