Delphi Says Airdrops Are Over as 94% of Wallets Dump Within 90 Days

Delphi Digital says the airdrops are over, after finding that 78% to 94% of recipient wallets across six major tokens sold most of their allocation within 90 days.

The research firm tracked 3.7 million wallets over five years, arguing that free token giveaways now produce sellers rather than committed holders.

Are Airdrops Dead? Delphi Says Up to 94% of Wallets Dump Within 90 Days

Airdrops became a…