Airdrop Price Impact for Anchor Protocol

The purpose of this dashboard is to compare the anchor protocol airdrop timeline with the price of the ANC token to see if there was an impact on price due to the airdrop.

Chart 1 highlights the sum of tokens that were airdropped for ANC in March. 32 Million ANC tokens were airdropped on March 16th.

Chart 2 highlights the price of the ANC token while these airdrops were going on. Between March 16th and March 18th, the price of the ANC token almost doubled from 3.28 to 6.92 at its peak.

The two charts do indicate that the Airdrop did have a significant price impact for the ANC token. Additionally, Airdrops themselves attract more new users to the platform, hence the price increase could also be a part of customer engagement and new user acquisition.

References - I used parts of queries from one of my own dashboard and one of the winning submissions that helped me with that dashboard.

https://app.flipsidecrypto.com/dashboard/airdrop-analysis-5Uk4wP

https://kiwi-paradox-650.notion.site/55-Hard-Terra-UNI-Airdrop-Recipients-f079bac86b044e0192ed44ec0118f190