Altcoins

TON Foundation Airdropped 300K TONs to Active Meme Coin Traders

The TON Foundation's $2.19 million airdrop of 300,000 Tons to active traders on DeDust and Ston.fi promotes TON blockchain meme coin engagement.

Prof. Rkay Tiwari
By Prof. Rkay Tiwari
1 Min Read
TON Foundation Airdropped 300K TONs to Active Meme Coin Traders
  • The TON Foundation Airdropped 300K TONs to active meme coin traders on the DeDust and Ston.fi platforms.
  • The airdrop was valued at approximately $2.19 million and targeted traders who executed transactions between March 4 and April 10.

Market Impact:

Toncoin surged to a new all-time high of $7.65 per token before the announcement, marking a 14% increase.
However, following the news of the airdrop, TON’s price experienced a 5% decline to $7.22.

Contents
Market Impact:Participation Requirements:Promoting Meme Coin Trading:

Participation Requirements:

Traders had to engage in specific meme coin transactions during the stipulated period to qualify for the reward.
To ensure fairness, each eligible wallet received 90 free tokens, with Sybil addresses excluded from distribution.

Promoting Meme Coin Trading:

The initiative aims to encourage meme coin trading and investment within the TON blockchain ecosystem.
Popular meme currencies like Dogwifhat (WIF) and Book of Meme (BOME) have seen significant growth on platforms like Solana, rewarding early adopters with substantial gains.

  • The airdrop demonstrates TON’s commitment to engaging meme coin enthusiasts and leveraging the growing interest in blockchain-based meme currencies.

This article is for information or news purposes only and should not be considered trading or investment advice. Nothing herein should be interpreted as financial, legal, or tax advice. Trading cryptocurrency, forex and CFDs involves a significant risk of loss.

The information on this website is for information purposes only. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. Crypto SA does not endorse or suggest you to buy, sell or hold any kind of crypto related product. Before making any financial investment decisions, you should seek professional advice from a qualified investment or financial adviser. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. Crypto SA is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.

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By Prof. Rkay Tiwari
Prof. Rkay Tiwari is a post graduate in Economics with specialization in International Economics & Finance and has joined Crypto SA with a skill building view in the world of cryptocurrency and blockchain. He regularly contributes latest happenings of crypto industry. He is dynamic and a quick learner with a hold on financial data analysis.
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