Monad airdrop farmer spends full $112K MON reward 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 by burning the entire reward on failed blockchain transactions.

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

Cryptocurrency wallet 0x7f4 received about $112,700 worth of Monad (MON) tokens as a reward for activity leading up to the launch.

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