@arkham All the hacker has to do is swap over time into Monero, send to a new Monero wallet just to be extra safe and swap into ETH again.
Clean & untraceable Ethereum. Could have been any Monero holder at that point since they obscure transactions on their chain.
@RFDZI@williamzenx Smart ape. We posted about this yesterday. Most airdrops nuke due to the prisoners dilemma game theory.
Itβs smartest to sell immediately and buy back in when it settles lower.
Very few do the reverse. And if they do itβs usually temporary before the dump.
Why the slow recovery? Once the price nukes, faith in the token drops.
New buyers hesitateβwhy touch a βdeadβ project?
Plus, the flood of supply takes time to absorb.
Itβs not just greed; itβs a game where distrust locks in a bad outcome for all.
Data backs this up: look at most airdropsβUniswap (2020), Aptos (2022), etc.
Post-airdrop, prices tanked 50-90% within days.
Why? Mass dumping. No one trusts the others to hold, so they race to sell first.
Prisoner's Dilemma in action.