💣 Blum’s Big Airdrop Is Coming — But Can It Survive the Scandal?

The Telegram mini-app that once flexed 42 million users is now fighting to stay relevant — and June 7 might be its make-or-break moment. Blum just confirmed the snapshot date for its long-promised airdrop. But behind the scenes? Crumbling volume, bot accusations, and one co-founder in handcuffs.

Let’s break down what’s happening inside this battered DEX experiment built on TON.

📸 June 7 Snapshot: Who Gets the Tokens?

The snapshot will capture user balances and activity to determine who qualifies for the airdrop. To be eligible, you’ll need at least one of the following:

• 💰 100,000 Blum Points (BP)
• 😂 750 Meme Points (MP) or strong community engagement
• 🧑‍🤝‍🧑 Two verified referrals (anti-bot checks included)

Community reactions? Mixed at best. Some OGs say they’re getting snubbed. Others say the system rewards farming over loyalty.

🔄 From Tap-to-Earn to Telegram DEX

Blum started as a “tap-to-earn” dopamine farm, but is now pivoting into a TON-native decentralized exchange. The problem? Nobody’s really trading.

• 📉 Daily trading volume: From 700K+ to just 6K
• 🧊 Competition: Rising across TON, Solana, and beyond
• 💬 Telegram crackdown: Mini-apps must integrate TON only — no third-party wallets allowed

In response, Blum is rolling out a Telegram Trading Terminal and revamping its trading bot, already used by 700K+ users.

🚔 Co-Founder Arrested — Now What?

Vladimir Smerkis, co-founder of Blum, was arrested on fraud charges. The dev team says: "We’re moving forward, token is still launching." But investors aren’t vibing. The token’s pre-market price is down 90% — from early 2025 highs to 0.0015.

Still, big names like OKX Ventures, Spartan, and gumi Cryptos remain on the cap table — so there’s hope.

🤖 Are 99% of Users Bots? Here’s the Receipts.

Crypto Twitter roasted Blum, claiming it’s all “bots and farmers.” Blum clapped back: “False.”

📊 On-chain stats from Dune Analytics say:

• 440K+ real traders
• 70M+ total volume
• Thousands of tokens launched or migrated

The team also doubled down on Sybil protection and bot detection tech, with anti-farming rules now baked into the system.

🔮 The Road Ahead

Despite the scandals, snapshots, and slumps, Blum still wants to be Telegram’s go-to on-chain trading layer. With the TON ecosystem growing fast — and mini-app UX becoming the new Web3 battleground — they might just claw their way back.

An AMA with the devs is planned soon. If they deliver clarity, not copium, there’s still a lane here.

✅ TL;DR:

• 📸 Snapshot date for the Blum airdrop is June 7
• 🎯 Eligibility includes BP, MP, or verified referrals
• 🚨 Co-founder arrested for fraud, tanking investor confidence
• 🤖 Devs deny bot accusations with on-chain data
• 💬 New Telegram trading terminal coming — but volume is dying