The TON Foundation distributed 300,000 Toncoins to active meme coin traders.
The Open Network project airdropped approximately $2.19 million worth of Toncoin (TON) to the most active meme coin traders on the DeDust and Ston.fi platforms.
Meme coin traders who traded on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users were also required to trade whitelisted meme coins on the network to accumulate points, a rapidly rising rewards system.
According to the team, participants could win 90 free tokens per wallet, but Sybil addresses were disqualified from the snapshot and did not receive any coins.
Before the airdrop announcement, Toncoin once again broke its all-time high (ATH), with its price rising more than 14% in 24 hours, reaching $7.65 per token. However, after this news, TON fell 5% to $7.22.
The announcement comes amid meme coin trading and investing on TON’s blockchain, following the meme craze that turned some users into cryptocurrency millionaires overnight. On the Solana blockchain, tokens like Dogwifhat (WIF) and Book of Meme (BOME) have market caps reaching billions of dollars, rewarding early supporters and buyers with multiples of their initial capital.