Great airdrops speak for themselves—everyone loves them. But as for those projects everyone curses, how do they usually end up? Coffee has survived through bull and bear markets for so many years, only to choose a half-dead market for its TGE. It’s like putting a period on the story. Even though they claim to have airdropped to 1 million addresses, in reality, fewer than 100k addresses actually claimed it. Most of the airdropped tokens will probably end up back in the project team’s pockets. The airdrop was 10%, or 359 million tokens. So far, 284 million tokens remain unclaimed, with only 12.8k addresses holding tokens on-chain. About 75 million tokens have been claimed, which is roughly 20% of the total. For most addresses, each received 100 tokens, worth about $10 at the current price. To claim the airdrop, you need to pay the project team $1, plus $1 for mainnet gas fees. After all the hassle, including doing KYC for $10 (and needing to do it twice), you might end up losing money after all that effort. Some people said they registered multiple addresses at the time, but most of them still got hit by Sybil attacks. This might have been a trap set by the project team from the start! Overall, farming this was a loss, NFTs were a loss. Only Kaito’s welfare drop of 2,500 tokens turned out to be the real winner. https://web3.(okx.com)/zh-hans/explorer/ethereum/token/0x031de51f3e8016514bd0963d0b2ab825a591db9a?tab=holders