“Based on current market prices, the Celestia airdrop is estimated to distribute about $120 million in on-chain value, targeting users in the Cosmos (ATOM) and Ethereum (ETH) layer 2 ecosystems,” Sean Farrell, an analyst at FundStrat, wrote in a note to subscribers on Tuesday. “This could either stimulate on-chain activity or flow into related assets, benefitting asset prices.”
Source: https://www.coindesk.com/business/2023/10/31/celestia-mainnet-goes-live-as-580000-users-receive-airdrop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines