Berachain Co-founder: ICO and public offerings will return, large-scale airdrops do more harm than good

ChainCatcher message, Berachain co-founder Smokey posted on social media that larger-scale airdrops mean there will be more potential sellers without a cost basis. Many large trading teams in the Asia-Pacific region often specifically target tokens with airdrops for short-selling operations.

In addition, airdropped tokens are easily manipulated by the market, with most flowing into the hands of insiders. ICOs and public offerings will make a large-scale return. For most teams in the future, the wisest approach is to conduct very small airdrops (1-2%) while carrying out public sales (perhaps accounting for 5-10%).