Swing

Dropstab lists the airdrop at 2.00% of supply and says the tokens were fully unlocked at the token generation event. CoinCodex records a token sale from 18 to 20 December 2024 at $0.025 per SWING. A Vietnamese-language roundup says the airdrop was expected in the fourth quarter, though it gives no year, so its date may be from 2024.

The market data tell a harsh story. DefiLlama shows SWING at about $0.000039, with an all-time low on 7 September 2026. Compared with the $0.025 sale price, that is a fall of more than 99.8%. Airdrop recipients who sold quickly got something; the buyers in the sale and those who held did not.

A decline of that size usually reflects a mix of things: heavy selling after the airdrop, weak demand for a governance token in a competitive niche and the absence of revenue flowing to holders. We have no source that explains which applied here.

The conclusion for readers is clear. The airdrop is long over, and the token's present market is thin and risky.

A last lesson from this case: the airdrop was only 2% of supply, so the large majority of tokens were held by the team, investors and sale buyers, whose unlocks and sales shaped the price far more than airdrop recipients did. Always ask who holds the other 98% and when they can sell. A small airdrop paired with a heavily allocated insider supply can leave ordinary holders with very little protection.