According to Cookie DAO (@cookiedotfun), $COOKIE tokens will be airdropped to Cookie OGs who have accumulated the highest number of referral SNAPS. Users who received an OG badge can check their cookie.fun profile for a pop-up notification to confirm their reward status (source: @cookiedotfun, May 29, 2025). This move highlights growing trends where projects reward early and active community members, which could drive increased trading activity and volatility around $COOKIE tokens as airdrop recipients may look to realize gains. Traders should monitor $COOKIE liquidity and price action closely, as similar airdrop events have led to significant short-term market movement in other tokens.