Monad airdrop farmer spends full $112K MON rewards on gas for failed trades

A suspected airdrop farmer burned through their entire $112,000 of MON rewards in hundreds of failed transaction attempts.

A crypto airdrop farmer lost more than $112,000 in newly issued tokens after burning the entire reward on failed blockchain transactions.

In crypto, a professional airdrop farmer (or squatter) is an entity that interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards.

The cryptocurrency wallet “0x7f4” received approximately $112,700 worth of Monad (MON) tokens as a reward for their previous activity leading up to the launch.

Read more