TON Foundation has given out 300,000 Toncoin, worth approximately $2.19 million, to active traders of meme coins. The distribution was made to traders who had made transactions on DeDust and Ston.fi platforms between March 4 and April 10. To qualify, users had to trade approved meme coins and accrue points based on their trading activity. Any duplicate accounts were not considered for the distribution and each participant could receive up to 90 free tokens. After the announcement, Toncoin’s price reached its peak but later decreased by 5%. The purpose of the airdrop is to encourage meme coin trading and investing on TON’s blockchain, following the success of tokens such as Dogwifhat and Book of Meme on the Solana blockchain.