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TON Foundation distributed 300,000 Toncoin to active meme coin traders. 
The Open Network project airdropped Toncoins (<a href="https://crypto.news/price/toncoin/" target="_blank" rel="">TON</a>) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms. 
Meme coin traders who made transactions on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users also had to trade whitelisted meme coins on the network to amass points, a fast-rising reward system. 
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 4/ Trading volume points breakdown: – &lt;$2,700: 0 points – $2,700-$4,999: 1 point – $5,000-$9,999: 2 points – $10,000-$24,999: 3 points – &gt;$24,999: 4 points— TON 💎 (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1778456396767395857?ref_src=twsrc%5Etfw" target="_blank" rel="">April 11, 2024</a>
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According to the&nbsp;<a href="https://x.com/ton_blockchain/status/1778456396767395857" target="_blank" rel="">team</a>, participants could earn 90 free tokens per wallet, but Sybil addresses were disqualified from the snapshot, and zero coins were received.&nbsp; 
 You might also like: <a href="https://crypto.news/toncoin-price-cardano-market-cap/" rel=""> Toncoin flips Cardano by market capitalization, reaches new all-time high </a> 
Before the airdrop announcement, Toncoin broke its all-time high (ATH) yet again as its price increased over 14% in 24 hours, reaching $7.65 per token. However, following the news, TON retraced 5%, falling to $7.22. 
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 TON price chart | Source: CoinMarketCap
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The announcement is positioned to meme coin trading and investing on TON’s blockchain, following a meme frenzy that turned some users into overnight crypto millionaires. On Solana blockchain, tokens such as Dogwifhat (<a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="">WIF</a>) and Book of Meme (<a href="https://crypto.news/price/book-of-meme/" target="_blank" rel="">BOME</a>) amassed billions in market cap, rewarding early supporters and buyers with multi-fold increases in their initial capital. 
 Read more: <a href="https://crypto.news/telegram-rolls-out-ton-based-revenue-sharing-system/" rel=""> Telegram rolls out TON-based revenue sharing system </a>

TON airdrops $2.2m to meme coin traders amid Toncoin’s new all-time high

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