The TON Foundation recently distributed 300,000 Toncoin to active meme coin traders. This initiative was part of the Open Network project’s airdrop, where Toncoins worth approximately $2.19 million were given to traders on DeDust and Ston.fi platforms.

To be eligible for the airdrop, meme coin traders had to engage in transactions on DeDust and Ston.fi between March 4 and April 10. Additionally, users needed to trade whitelisted meme coins on the network to accumulate points in a reward system based on trading volume:

– <$2,700: 0 points - $2,700-$4,999: 1 point - $5,000-$9,999: 2 points - $10,000-$24,999: 3 points - >$24,999: 4 points

Participants could earn up to 90 free tokens per wallet, but Sybil addresses were disqualified from the snapshot, leading to zero coins being received.

Toncoin saw a surge in price, breaking its all-time high (ATH) and reaching $7.65 per token before retracing to $7.22 following the airdrop announcement. This development is significant for meme coin trading and investing on TON’s blockchain, especially after the recent meme frenzy that resulted in some users becoming crypto millionaires overnight.

Tokens like Dogwifhat (WIF) and Book of Meme (BOME) on the Solana blockchain have witnessed substantial market cap growth, rewarding early supporters and buyers with significant returns on their investments. This airdrop highlights the growing interest in meme coins and the potential opportunities they offer in the cryptocurrency market.

Post Views: 5