TON Foundation Distributed 300,000 Toncoin to Memecoin Traders
TON Foundation distributed 300,000 Toncoin totaling $2.2 million to the most active memecoin traders on the DeDust and Ston.fi platforms.
TON Foundation rewarded memecoin traders who made trades on the DeDust and Ston.fi platforms between March 4 and April 10. Another condition for the airdrop was trading memecoins from the whitelist.
💸 $2.19M airdrop for memecoin traders!
— TON 💎 (@ton_blockchain) April 11, 2024
TON Foundation just airdropped 300K $TON to the most active memecoin traders on @dedust_io and @ston_fi. If you’ve been swapping whitelisted tokens between March 4th and April 10th, congrats! You’ve earned it. 🥳
Details 🧵⬇️ pic.twitter.com/VSRImzRoIh
According to the team, participants could earn 90 free tokens. Sybil addresses were excluded from the distribution to ensure fairness. A total of 300,000 Toncoins were distributed, totaling $2.2 million.
This initiative aims to promote memecoin trading and investment in the TON blockchain. The airdrop occurred just after Toncoin reached an all-time high of $7.7. Over the past 7 days, Toncoin has grown significantly by 42.3%, bringing its market capitalization to an impressive $25 billion, just $2 billion behind Dogecoin.
Factors influencing the coin's growth have been speculation surrounding the Telegram IPO, and the emergence of the Notcoin game, which has increased engagement in the TON ecosystem. Recently, Toncoin overtook Cardano in terms of market capitalization. Currently, TON ranks 9th among cryptocurrencies in terms of total market capitalization.
