According to BlockBeats, Fantom Foundation announced the list of winning projects of the first round of Meme Season on July 9, with HOOPS in first place, THC in second place, and sGOAT in third place. The first round of the competition was held from June 1 to 30, and 1,000,000 sFTMx (more than 1,120,000 FTM) prizes were provided to the top three Meme coin projects. The judging criteria included market capitalization, gas usage, transaction volume on decentralized trading platforms, and eligible wallets. 80% of the prizes will be distributed to Meme coin holders according to the amount held, and 20% will be distributed to Meme coin teams.