BULK

Latest Update: BULK Opens Season 1 Pre-Deposits

BULK has opened Season 1 pre-deposits, with 1 million AURA distributed each week until the exchange goes live on BULK Mainnet. Deposits are made in Solana USDC and can be withdrawn at any time; once mainnet launches, the deposited USDC becomes usable margin in your trading account.

Pre-Deposit on BULK

Deposit Solana USDC through the pre-deposit page. You can purchase USDC directly from Binance or bridge.

AURA allocation: Beginning Saturday, June 6, weekly AURA is allocated to depositors based on total USDC held multiplied by time held. Pre-depositors and referrers receive the majority each week, while stakers and BulkSOL holders continue to earn AURA as well.

Referrals: Unique referral codes are available in the Pre-Deposit Dashboard, earning 1 AURA for every eligible $100 deposited by your referrals.

Retroactive allocation: A first AURA allocation has been awarded to wallets active in the BULK ecosystem, covering stakers and BulkSOL holders, Exponent Finance, Loopscale, and Project0 users, and Alphanet/Testnet Trading Comp participants.

How to Interact With the BULK Testnet

Step 1: Visit the BULK testnet

Go to the BULK testnet page and click the wallet connection button in the top right.

Step 2: Connect a Solana wallet

Connect a Solana-compatible wallet (Phantom recommended). Approve the connection request to access the trading interface.

Step 3: Link your X account

Connect your X (Twitter) account through the platform when prompted. This is now part of the leaderboard onboarding flow and ties your social handle to your on-chain activity.

Step 4: Claim testnet funds

Use the in-app faucet to receive test USDC and other supported collateral. These are testnet tokens with no real value and exist only to enable position-taking on the dashboard.

Step 5: Open perpetual positions

Trade Long and Short positions across the available markets. The competition leaderboard ranks traders by Cashflow ROI on realized trades, so focus on closing profitable positions rather than opening and holding them indefinitely.

Step 6: Stake SOL through BULK

Visit the BULK staking page and choose one of two options:

• Liquid stake for BulkSOL: Receive a liquid staking token that stays transferable while accruing staking yield
• Native stake to the BULK validator: Delegate SOL directly to the BULK validator, which the team has flagged as the path that contributes most to Aura

If you don’t hold any SOL, get some from Binance.

Step 7: Join the Discord

Join the BULK Discord for the Trading Competition prize breakdown, updates on the risk engine and margin mode rollouts, and direct contact with the team. Also, active members may also be able to claim roles such as OG and Contributor.

Step 8: Test new features and submit feedback

Try out new features as they ship, including margin modes, updated risk parameters, and new market additions. Report bugs or share feedback in the dedicated channels. Teams running pre-token testnets often weight feedback-givers favorably in eventual retroactive distributions.

Tips for Maximizing a Potential BULK Allocation

Focus on realized PnL, not volume. The current competition explicitly ranks by Cashflow ROI on closed trades, which is a stronger signal than raw turnover. Closing winning positions matters more than churning size for the sake of it.

Stake natively to the BULK validator. Native staking ties your delegation to the protocol’s own infrastructure rather than generic Solana yield, and the team has indicated this path accumulates Aura more efficiently than liquid staking.

Participate across multiple competition cycles. The current $50k event likely won’t be the last. Teams generally run several rounds before TGE, and consistent leaderboard presence usually carries more weight than a single strong showing.

Stay active between events. Trading activity outside of competition windows still counts for anything retroactive. Activity drop-offs look obvious in on-chain data and tend to discount earlier engagement.

Frequently Asked Questions

Has BULK confirmed a token airdrop?

Yes. A BULK co-founder stated on X that 30% of the BULK token supply will be allocated to users. The eligibility criteria, snapshot date, and points-to-token formula have not been published yet.

Do I need real money to participate?

The BULK testnet uses faucet-issued tokens with no value, so trading is free aside from network fees. Staking is optional and does involve real SOL if you choose to take part in that portion of the program.

Is BULK live on mainnet?

Not yet. As of mid-2026, BULK runs on testnet only, with mainnet expected but no firm launch date announced. Margin modes and risk-engine upgrades are still in testing.

How does staking SOL factor into the airdrop?

Staking through BULK, either liquid for BulkSOL or natively to the BULK validator, feeds into the Aura system. The exact weighting is private, but it is one of the few non-trading activities the dashboard tracks.

Will there be more trading competitions?

The May 2026 round has closed, but the team has indicated competitions are an ongoing format. No firm date has been set for the next one, so following the Discord is the most reliable way to catch it.

Conclusion

BULK is one of the more credibly backed attempts to build a CEX-grade perp DEX on Solana, and a confirmed 30% airdrop allocation gives a clear reason to keep using the testnet rather than just bookmark it. Trading activity and SOL staking are the behaviors most likely to matter when the team settles eligibility, even though the formula itself is still unannounced.