Airdrop season tends to set up before the market notices, and by the time it's obvious the rewards are spread across everyone who showed up late.
This breakdown covers the market conditions that have preceded past airdrop cycles, and why the timing of entry tends to matter more than the size of the position. We look at how protocols like Hyperliquid structure token buybacks, what that mechanism does to circulating supply, and how it changes the math for early participants.
Timestamps:
00:00 - Airdrop season
01:10 - Why now?
01:53 - Previous airdrops
02:44 - Why airdrops work
03:18 - Potential airdrops
04:56 - A winning strategy