Airdrop guide · updated July 2026
How to farm $BULL points, claim the $ANSEM (The Black Bull) creator-fee airdrop, what it really costs, and how to not waste your time doing it.
Bullpen is a multi-chain trading terminal co-founded by Ansem (@blknoiz06) and salxyz. It routes trades across Hyperliquid perps and spot, Solana memecoins, and (soon) Polymarket, and it's backed by serious names — 6thman Ventures, Delphi Digital, Manifold, Spartan Group, and angels including Solana's co-founders.
It runs a points program — you earn $BULL points for using the platform — currently in its Season 3. There is no token yet, but Bullpen has already secured the $BULL ticker on Hyperliquid spot, which is a strong signal a token airdrop is coming. The core idea of "farming" it: rack up points now, before a token launches and points convert to an allocation.
No token, supply, allocation %, or TGE date has been officially announced. Points are not a guarantee of tokens. Treat this as a calculated bet on a well-backed project, not a sure thing.
Three different tokens get mixed up constantly. Here's the clean version:
| Token | What it is | Why you care |
|---|---|---|
| $BULL | The Bullpen platform's future airdrop token. Earned as points (Season 3) for trading + activity. | The main prize. This is what "farming Bullpen" is really about. |
| $ANSEM | "The Black Bull" — a Solana memecoin tied to Ansem. Its creator fees (~$200K/week) are airdropped back to holders. | A separate, live income stream if you hold it. Pure memecoin price risk. |
| $BULLPEN | A separate memecoin. Hold ≥$100K of it → earn $ANSEM. | Niche, big-bag play. Most people should skip it. |
For 95% of people, the plan is simple: farm $BULL points by trading on Bullpen, and optionally hold some $ANSEM to collect the creator-fee drops. This guide focuses on those two.
New accounts that sign up via a referral link get reduced trading fees — which matters a lot when you're doing volume. Use this link to start with the discount baked in.
Bullpen is self-custody — your keys stay yours; it just attaches its "builder" code to your trades. Fund it with an amount you'd actively trade, not your life savings.
Social activity feeds both the $BULL social points and the $ANSEM impressions weighting. A real, established account beats a fresh burner (anti-sybil filters nerf empty accounts).
Small, regular trades across perps, spot, and Solana beat one big trade. Consistency across weekly epochs is the whole game.
Referrals are the compounding lever — you earn a cut of everyone you bring in (more below).
Plug your planned volume into the calculator before you commit capital.
Bullpen hasn't published the exact point weightings, but from the program mechanics, four levers drive your allocation:
The biggest driver. Perps, spot, and Solana all count, and spreading volume across all three in a week beats concentrating in one. Volume is what the $BULL calculator uses to estimate your share.
Connect X, post about your trades, and impressions count toward your score. Verified / established accounts get anti-sybil credit; throwaway accounts get discounted.
You earn 25% of your referees' points plus a share of their fees (up to 80% at the top affiliate tiers). This is the one lever that compounds — a handful of active referrals can outweigh your own trading.
Bullpen runs volume leaderboards (a "Liquidity League") and PnL competitions with prize pools and bonus $BULL points. Placing is a points multiplier on top of your baseline farming.
Consistency beats bursts. The program rewards showing up every weekly epoch far more than one big session. Small, steady, spread across markets.
$ANSEM ("The Black Bull") shares its creator fees — roughly $200K per week — back to holders through a claim dashboard on Bullpen. Your slice isn't just about how much you hold; it's weighted by four things:
To claim: hold $ANSEM in your Solana wallet, connect your wallet and X on Bullpen's $ANSEM claim dashboard, and your share of the weekly pool accrues automatically. Botted wallets and dust farms are nerfed, so it has to look organic.
The calculator reads your on-chain $ANSEM balance and projects your weekly claim.
Bullpen is a Hyperliquid builder — your trades execute on Hyperliquid's order book, and Bullpen adds a builder fee on top of Hyperliquid's normal fees (capped at 10 bps). So manufacturing volume isn't free: every round-trip costs you the spread + fees.
That's why two things matter enormously:
Farming is only +EV if the future value of your $BULL points exceeds the fees you burn generating volume. Since $BULL has no price yet, that's a bet — so size your fee budget to what you can afford to lose, and don't wash-trade blindly.
Farm the cheap, low-risk legs hard (hold some $ANSEM early, connect X, refer, route volume you'd trade anyway through the discounted link). Only scale paid volume-farming if you've done the fee math and you're comfortable betting on $BULL.
Estimate your $BULL airdrop and $ANSEM claim, then sign up with reduced fees.