The Binance HODLer Airdrop distributed a small percentage of WAL’s total supply to a broad set of users. This had two immediate effects. First, it widened initial token distribution, reducing concentration among early insiders. Second, it introduced short-term selling pressure as some recipients chose to exit early.
While this can increase volatility at launch, it also accelerates price discovery. Over time, the effect of the airdrop diminishes as tokens move toward users who actively participate in staking, storage, or governance. The airdrop is best understood as a distribution mechanism, not a value signal.@Walrus 🦭/acc #walrus $WAL
