Uniswap is about to do another airdrop. But this time for users who interacted with Uniswap through a third party such as another exchange. about 12,600 addresses are going to receive 400 UNI each.

How will this effect the price? Likely it will lower the price, but exactly how much? I've been part of airdrops in the past that have fallen in price. It seems every time a Cryptocurrency is having a airdrop the price falls fast.

Mainly because there are a lot of users looking to profit fast so they end up selling the crypto tokens so they can exchange it for cash or other cryptocurrencies.

If you weren't eligible for the first airdrop you may be eligible for this one if you interacted with uniswap through a third party application or a proxy you are eligible to receive the airdrop.

Here is a list of the third party applications If you are wondering if you are eligible.  Argent, Rebalance, DeFi Saver, Dharma, eidoo FURUCOMBO, MEW, Monolith, Nup, Opyn so if you have used one of those for UNI you are eligible for 400 UNI.

But how negatively will this effect the price if the airdrop succeeds? It may drop the price, but by how much? comment below if you think how far it will drop (or raise) from this airdrop.