#代币空投与分配 Seeing the Lighter airdrop distribution open for trading, my first reaction isn't excitement but caution. The launch pace of tokens from these star projects often hides tricks—quick airdrops + rapid listings. It sounds efficient, but honestly, it's just about catching the right time window.

Looking at how other tokens in the same track perform makes it clear: DYDX drops 3.8%, ORDER drops 5.3%. This isn't a coincidence. New tokens usually attract a wave of retail investors chasing gains, while established tokens that are already listed tend to be neglected and dumped. This is the most familiar trick of the whales—using new hot topics to divert market attention and unload their old chips.

Anyone who has gone through several cycles should understand that the token distribution mechanism in airdrops is the easiest place to hide tricks. Large investors' airdrop allocations are often a hundred times that of retail investors. Their first reaction upon receiving tokens is to dump them at open. FOMO-driven newbies then buy in, and in the end, the old saying holds true—retail investors always underestimate the patience and wisdom of the whales.

My advice is to observe calmly for 72 hours before the new token opens for trading. Check the lock-up ratios, whether early big holders show signs of reducing their holdings, and how deep the trading liquidity is. Don't be blinded by the halo of "star projects." The secret to surviving long on-chain is to take one step slower—let others be the chives first.