The six biggest airdrops that went live in October handed out ~$44M. As of November 5, all six trade below their claim-day price. Median: -20%, BTC: -7% over the same window.

• NeoSoul $DNA: $17.1M, 6% of supply, -44%. The largest drop of the month.

• Axis Robotics $AXIS: $10.8M, 4%, -54%. An OTC counterparty sold ecosystem tokens a week after TGE. Buyback started November 5.

• USD.AI $CHIP (Season 2): $10.0M, 2.25%, -18%.

• Genius $GENIUS (Season 2): ~$3.6M, -3.5%. Users could take fee refunds instead, and 5.8% of supply was burned from the 7% pool.

• Cambria $RSGP: $1.5M, 15%, -15%. Backed by BITKRAFT, 1kx and Sky Mavis.

• Ritual $RITUAL: $1.2M, 0.5%, -22%. Listed on Coinbase at mainnet launch.

The only drop holding up is the one that burned most of its own pool. Next month: Predict.fun, whose 7% claim was delayed with its Binance listing.