The initial BTT airdrop held by the BitTorrent Inc. and Tron Foundation was set to distribute worth 1.1% of total token supply which was over 990,000,000,000. This specifies that an amount of 10.89 Billion BTT was ready to get distributed to the TRX holders. The statement also notes about token value at the time of airdrop were to be an influx of nearly 2,400 BTC of the tokens.
There were a majority of investors and traders putting forth their two aspects for the token’s reaction due to the airdrop. The first was an instant influx of BTT from the airdrop facing massive sell which might dilute the token value.
Secondly, the crypto exchange and wallets handling the distribution might take some time to precede all the transactions regarding airdrop. However, this move might then open an opportunity for BTT to drive the markets as interest will raise demand from traders.
On the other side, BTT is valued of worth $0.00103 which is right now 40% from its previous low of over $0.0007329…