According to @CookieToken on Twitter, the $COOKIE token distribution to OG holders has officially started, marking a significant event for early community participants. The distribution process is expected to increase $COOKIE liquidity and potentially influence short-term price movements as OGs receive their tokens and may choose to trade or hold. Traders should monitor on-chain activity and liquidity pools closely for potential volatility and arbitrage opportunities following this initial airdrop phase (source: @CookieToken, Twitter, June 2024).