Americans Lose Billions in Airdrop Revenue as Geoblocking Reshapes Crypto Dynamics

A recent study by Dragonfly, bolstered by data from CoinGecko, has revealed that Americans may have missed out on as much as $5.02 billion in cryptocurrency airdrop revenue due to geoblocking measures. The report analyzed a series of airdrops – including those from Uniswap and 1inch – where US IP addresses were largely excluded to avoid potential regulatory issues with bodies like the SEC. While the research highlights significant losses for US participants, it also underscores the growing influence and reach of major crypto projects outside the US. The study suggests that such measures, although limiting local participation, are deemed a safer alternative by many projects compared to facing costly legal battles, as seen with Ripple and exchanges like Kraken and Coinbase. The news has implications for both market sentiment and the future dynamics of these coins, with short-term volatility and deferred regulatory updates likely influencing price movements over time.