🔥🔥🔥 TON airdrops $2.2m to meme coin traders amid #Toncoin ’s new all-time high
TON Foundation has distributed 300,000 Toncoin to active meme coin traders, marking a significant move within the #cryptocurrency space.
Valued at approximately $2.19 million, Toncoins (TON) were airdropped to the most engaged meme coin traders on the DeDust and Ston.fi platforms. Eligibility for the airdrop was based on traders' activity between March 4 and April 10, specifically involving transactions on these platforms and trading whitelisted meme coins.
Participants had the opportunity to earn up to 90 free tokens per wallet through this reward system. However, to maintain fairness, Sybil addresses were disqualified from the snapshot, ensuring a fair distribution of tokens.
Before the announcement of the airdrop, Toncoin had already broken its all-time high (#ATH ) once again, experiencing a remarkable 14% surge within 24 hours, reaching an impressive $7.65 per token. However, following the news of the airdrop, TON saw a slight retracement of 5%, settling at $7.22.
This move by the TON Foundation aims to further encourage meme coin trading and investment on TON's blockchain, especially in the wake of a meme frenzy that has seen some users achieve substantial gains in the cryptocurrency market. On platforms like Solana blockchain, tokens such as Dogwifhat ($WIF ) and Book of Meme ($BOME ) have garnered billions in market capitalization, rewarding early adopters and investors with significant returns on their investments.
Source - crypto.news