The listing price is rarely the price you keep
Airdrops look free but carry gas, tax-at-receipt and heavy early sell pressure. Net it all out before assuming a windfall. For holdings value use the market cap calculator.
What an airdrop is worth after reality
Headline airdrop value and money in your pocket differ by three subtractions: gas to claim, the price slide between announcement and your sell, and tax. A "$1,200 allocation" claimed for $30 gas, sold into a 40% post-listing dump, taxed at 30% as income nets around $470. Still free money — but 40% of the headline.
The price decay is the systematic part. Airdropped supply is sell pressure by design: thousands of recipients received tokens at zero cost and any price is profit. Most airdrops trade down 30–70% in the first weeks. The historical pattern favors selling early over holding for a rebound.
Tax treatment varies by country and it's the part people skip: many jurisdictions tax airdrops as income at receipt value — meaning you can owe tax on $1,200 for tokens you later sold at $500. Claiming and instantly selling avoids that scissors.