Why did the price fall so much?
Why did the price go up so much? Many altcoins went up 2000% and more, and many altcoins dropped 50-70% from their high. Obviously something that goes up so fast can go down fast too.
And of course there's the possibility of a "pump and dump", or even "dump and pump", all meant to get your coins cheaper. Convince people to panic sell before it rises again. The cryptomarket is highly manipulated.
Last airdrop, selling right before and buying back right after the airdrop would have gotten you 50% more, while holding your bytes "only" got 20% more. That means many people speculated to profit from the 20% airdrop, which failed for them. My guess is people now speculate "the other way": sell before the airdrop hoping to profit more than the 20%.
Since I've never seen this airdrop model before, I am eager to see how it turns out each month.
It does hurt though, having double the amount of bytes compared to last month, but it's worth less. Makes me feel like holding was a bad choice at that moment, but as always you can only know those things afterwards.
On the other hand: the people who are holding for 7 months now have seen their Bytes increase many times.