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Most tokens dump post airdrop but drive massive onchain growth.
Uniswap, Arbitrum, Hyperliquid all followed this pattern.
Price down, activity up. Sounds backwards until you realize token distribution IS user acquisition, not an exit event.
Projects that focus on building through the dump & maintaining solid infrastructure are the ones that survive long enough to see the next cycle.
The ones that disappear after TGE never had real infra anyway.
Token price is a lagging indicator..onchain activity is the leading one.