The Grass crypto token continued its strong rally, becoming one of the best-performing airdrops of the year.

Grass (GRASS) surged to an intraday high of $3.9587, representing a 2405% increase from its lowest level after the airdrop. This rally has pushed its market cap to over $893 million and its fully diluted valuation to $3.6 billion.

Grass’ performance has diverged from other newly minted altcoins, which have sharply declined from their all-time highs. For instance, Wormhole (W), the popular bridge network on Solana, has dropped by 87% from its post-listing high.

Other tokens, such as Hamster Kombat, Notcoin, ZkSync, and PixelVerse, have all fallen by double digits from their all-time highs.

Grass’…