Koala, the first Meme currency on the Morph chain, launched with a market value of $330,000. The currency has initiated a large-scale airdrop of over 1 million addresses.
Addresses eligible for the airdrop include those that interact on the Morph test network, which can receive Koala tokens based on Morph Points. Addresses that have interacted on BulbaSwap can receive tokens based on their interaction count. Additionally, addresses with a total Ethereum main network transaction volume of over $1,000 USDT in six months can also receive tokens based on their transaction volume.
The Morph global consumer-grade public chain, having secured $20 million in funding from Dragonfly, Foresight Ventures, and Spartan Group in March, hinted at a potential mainnet launch.
Meme coin prices are known for their high volatility and lack of actual use cases, prompting the need for caution when investing.
