Regarding airdrops, selling right after can lead to a spike, and a sudden drop can occur when the market structure collapses. Let me share my experience, and this tweet also applies to Binance Alpha. Let's not go too far back; let's talk about yesterday's Towns and Succinct. Yesterday, I told the group that if a project is launching on Binance spot at the same time, it's best to sell before it goes live, because currently, Binance Alpha is about an hour ahead of spot trading. If the project officially airdrops a large amount (regardless of whether it's a pump and dump), it's still wise to avoid the risk of users dumping. As for the manipulation, that's a later issue. Towns Alpha opened at 0.7x, and before it hit the spot, it gradually dropped to 0.4x. As for whether it will be manipulated later, it depends on the chips. PROVE Alpha opened at 1.5x, and many friends sold at 140-160, then it slowly fell to around 1, with the spot opening at 0.7-0.6x, and manipulation started later in the night. During the official airdrop, everyone will also encounter situations where they sell too early or the market structure collapses. As someone who has participated in many airdrops, my experience is: If you are particularly optimistic about a project, keep half and sell half when you receive the airdrop. If you are somewhat optimistic about a project, sell 80% when you receive the airdrop and keep 20% for potential growth. If you are not very optimistic or have no strong feelings, just sell the airdrop. In the long history of airdrops, the projects that truly continue to rise after an airdrop are either highly controlled tokens or particularly strong ecosystems. Psychologically, you need to learn to reassure yourself that selling early is always profitable. These are my personal views. —————————————— The following is from Surf @Surf_Copilot. I asked Surf @Surf_Copilot to retrieve some past airdrop data, and the data shows that out of 62 samples, the loss rate after 90 days is as high as 88%, indicating that the market structure is likely to collapse. Regarding the method of selling airdrops, Surf also provided different insights. He recommended a staggered selling method and provided data support and reasoning (though the sample size is small, only 62, so the percentages should be considered carefully). The reverse DCA is a trading strategy that I don't quite understand. He also kindly provided psychological support to help break these psychological misconceptions: Whose opinion do you agree with more?