How Airdrop creates fake holders count
So let say a project promise free tokens(airdrop) to people who holds or use there token
To get more free tokens, one person can spread is money across hundreds of wallets they secretly controls
Because rewards are often given per wallet
So instead of 1,000 real wallets, one person might be controlling 100 out of the 1,000 wallets
If you now see the holders chart, you will feel like we are really growing
So not all holders count are real especially when airdrop campaign is on the way