Thats not 100% correct. The tokens that were meant to be airdropped to Steem holders are being distributed as a bonus to supporters of the ICO. It has been announced as a 50% bonus to be paid June 28 I beleive.

The coin price dropping after ICO is nothing new, most do this after being released to the market as many people want their cash back or go for very quick pumps. With everything in the crypto-world going down the dunny in terms of price, I'm not too bothered by this. Once the main site opens in a few weeks, we should start to see the price creep up.