A recently launched IRYS airdrop experienced manipulation, leading to a significant price drop and raising concerns about fairness in the cryptocurrency market. 900 newly created wallets, funded by Bitget, are suspected of cashing out following the airdrop distribution. This event highlights the vulnerability of token launches to manipulation and raises questions about accountability within the blockchain space. While initial volatility saw IRYS trade at $0.03 before a sharp decline of over 67%, market uncertainty continues to grow. The incident has triggered criticisms from community members, while key figures remain silent. Experts are awaiting regulatory responses and potential enforcement actions that could impact future token launches. The airdrop’s volatility underscores the importance of robust security measures to prevent similar events in the future.