GM Explorer,

There has been a lot of discussion on X and Discord about the value of airdrops after launch. Should we hold or sell them immediately after launch?

Today, we'll look at data to help answer this question.

This is the Crypto Explorer, your crypto tour guide.

Here’s what we got for you today:

• 🤑 New data reveals the best move to profit from airdrops!

• 🤯 U.S. Senate makes a big decision on Blockchain!

• 🧱 Around The Block: Crucial vote in the U.S. on Crypto Regulation.

🤑 New Data Reveals the Best Move to Profit from Airdrops!

An X user identified as Aylo gathered some very interesting data we think you should know about.

His research reveals that out of 31 airdropped tokens (in the top 500 by market cap), only 8 have maintained their value since their launch!

Got your attention, right? Well, this is the main point his research is getting at:

It suggests that selling airdropped tokens shortly after their launch, whether for dollars or Bitcoin, maybe the best strategy based on the current trend.

While some tokens may initially increase in value, holding onto them long-term usually doesn't lead to significant gains.

Aylo's analysis shows that only four of these tokens have outperformed Bitcoin, and just one launched this year.

This trend raises the question of whether crypto's unpredictability is to blame.

Projects often overestimate their initial value, and once users start selling off, these inflated valuations quickly crumble.

The involvement of yield farmers also adds to the chaos, as they tend to sell at any price to grab quick returns and move on.

Though these tokens should theoretically rebound after the selling spree, but data suggests this rarely happens. Surprisingly, meme coins like Bonk (BONK) and Degen (DEGEN) with low starting valuations have delivered the best returns.

Despite the mixed performance, airdrop programs will likely continue as they enhance user engagement.

The key takeaway here is that, based on the observed trends in token performance post-launch

1. Given the observed trends in token performance post-launch, projects should carefully consider the structure of their airdrops or even reconsider conducting them at all.

2. As for you, selling might be the best option (Not Financial Advice).

If you'd like to dig into it, you can find the full report here.

While you're at it, you can also check out this article from Blockwork. It's titled: "Are crypto airdrops falling out of fashion?"

They did a really in-depth analysis of the nature of airdrops. You might want to read it.

 🤯 U.S. Senate Makes a Big Decision on Blockchain!

Big news from the U.S. Senate!

Under President Biden, the U.S. Senate Committee on Armed Services has decided to allow the use of blockchain for supply chain management and other national security applications within the Department of Defense (DOD).

The committee sees it as a way to improve the transparency, accountability, and audibility of the U.S. national defense system.

They also believe it will enhance cryptographic integrity and protect against data manipulation. With global competitors like China and Russia advancing in blockchain, the U.S. is aiming to stay ahead.

As a result, Defense Secretary Lloyd Austin must present a detailed report by April 1st on the pros and cons of blockchain in defense supply chains.

This report must include an analysis of current adoption levels and estimate the resources needed for full integration.

"I don't know about you, but it seems like just yesterday that the U.S. didn't even want to hear the word Crypto; now they're talking about using the technology. We've made huge progress!

You can read more about this news here

🧱 Around The Block:

• Crucial vote in the U.S. on Crypto Regulation.

• US national debt equates to 614 million Bitcoin at current prices.

• Cathie Wood says Bitcoin is likely halfway through the bull market, and predicts BTC adoption by major banking giants.

• Bitcoin price shows “first signs of stability” after last week's crash, says trader.

• USDC weekly volume soars 155% in 2024 following MiCA implementation.

• Bitwise hit with fraud lawsuit over Crypto fund’s conversion.

That's all we've got for you today.

Please don't forget to rate today's email and let us know what you like about it.

In any case, see you tomorrow, or on Twitter, if you're there: @danielakpobare

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be NEW”