I feel like I'm still missing something though. Why does a giveaway pump up the value of a coin? It seems like it would dilute the coin by expanding the circulation. Is it mainly because of the hype that the giveaway creates? I feel like if someone owns a ton of BTC, they'd be better saving their coins and getting Lumen when the giveaway happens instead.
What has happened in the past after a coin does a major giveaway? Do prices rise or fall?
RE: Stellar Lumens Up 1050% in 4 days? Any ideas why? (STR/XLM)