According to BlockBeats, on July 9, according to official news, the Fantom Foundation announced the list of winning projects for the first round of Meme Season. The first place is HOOPS, the second place is THC, and the third place is sGOAT.

The first round of the competition, which ran from June 1 to 30, offered a prize of 1,000,000 sFTMx (over 1,120,000 FTM) to the top three Meme token projects, based on market capitalization, gas usage, DEX volume, and eligible wallets.

80% of the prizes will be distributed to Meme Token holders based on their holdings, and 20% will be distributed to the Meme Token team.