To be fair that was very misleading to new comers. They bought into the coin thinking they were gonna get an airdrop, and they missed out on something else that was delivering what they said. It was a wrong,move by the devs , they should of handled it differently by making an announcement of "this is our last airdrop, after that no more.
A company publicly traded can get sued for something like that.
So I dont blame,the sell off. It comes off as dishonest to people who are new.