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	<title>solana memecoin Archives - Coin Engineer</title>
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	<title>solana memecoin Archives - Coin Engineer</title>
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		<title>What is Just a chill guy ($CHILLGUY)? Solana Meme Coin</title>
		<link>https://coinengineer.net/blog/what-is-just-a-chill-guy-chillguy-solana-meme-coin/</link>
					<comments>https://coinengineer.net/blog/what-is-just-a-chill-guy-chillguy-solana-meme-coin/#respond</comments>
		
		<dc:creator><![CDATA[Ahmet Bedirhan Arvas]]></dc:creator>
		<pubDate>Wed, 03 Sep 2025 10:08:54 +0000</pubDate>
				<category><![CDATA[Altcoin Projects]]></category>
		<category><![CDATA[Project review]]></category>
		<category><![CDATA[Binance perpetuals]]></category>
		<category><![CDATA[CHILLGUY tokenomics]]></category>
		<category><![CDATA[community driven token]]></category>
		<category><![CDATA[crypto review]]></category>
		<category><![CDATA[Just a chill guy]]></category>
		<category><![CDATA[on-chain liquidity]]></category>
		<category><![CDATA[pump.fun launch]]></category>
		<category><![CDATA[Raydium pool]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<category><![CDATA[zero tax coin]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=49618</guid>

					<description><![CDATA[<p>Just a chill guy ($CHILLGUY) is a memecoin minted on Solana, born from TikTok/Internet culture. It was launched via pump.fun in the fall of 2024, quickly graduated (transition from bonding curve to AMM), gained liquidity on Raydium, and was later listed on exchanges like MEXC/Bybit for spot, and on platforms including Binance for perps (futures).</p>
<p>The post <a href="https://coinengineer.net/blog/what-is-just-a-chill-guy-chillguy-solana-meme-coin/">What is Just a chill guy ($CHILLGUY)? Solana Meme Coin</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Just a chill guy ($CHILLGUY)</strong> is a memecoin minted on Solana, born from TikTok/Internet culture. It was launched via <strong data-start="238" data-end="250">pump.fun</strong> in the fall of 2024, quickly graduated (transition from bonding curve to AMM), gained liquidity on Raydium, and was later listed on exchanges like MEXC/Bybit for spot, and on platforms including Binance for perps (futures). The official site emphasizes zero tax and a completely community-driven structure. The smart contract/mint address on Solana: Df6yfrKC8kZE3KNkrHERKzAetSxbrWeniQfyJY4Jpump</p>
<p><img fetchpriority="high" decoding="async" class=" wp-image-168220 aligncenter" src="https://coinmuhendisi.com/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-143421-300x140.png" alt="Just a chill guy ($CHILLGUY)" width="949" height="443" /></p>
<h2 data-start="698" data-end="724">What is Just a chill guy?</h2>
<p data-start="725" data-end="1165">Just a chill guy is a community token inspired by the “Chill Guy” illustration/meme shared by artist <strong data-start="753" data-end="770">Phillip Banks</strong> in 2023. The token uses the Solana SPL standard; it is listed with a maximum supply of <strong data-start="904" data-end="916">1 billion</strong> and approximately <strong data-start="942" data-end="968">almost full circulation</strong> (<em data-start="991" data-end="1003">CMC data</em>). The project positions itself as a pure memecoin aiming to embrace the “calm-carefree” meme narrative within the crypto community.</p>
<ul>
<li data-start="1191" data-end="1228"><strong data-start="1191" data-end="1213">Chain / Standard:</strong> Solana / SPL</li>
<li data-start="1231" data-end="1269"><strong data-start="1231" data-end="1251">Contract (Mint):</strong> <code data-start="1252" data-end="1267">Df6yfrK…Jpump</code></li>
<li data-start="1272" data-end="1330"><strong data-start="1272" data-end="1280">Supply:</strong> 1,000,000,000 (max.) — circulating ≈ 999.95M (CMC)</li>
<li data-start="1333" data-end="1463"><strong data-start="1333" data-end="1343">Origin:</strong> pump.fun launch → graduation → Raydium/Orca pools; later CEX listings.</li>
</ul>
<p><img decoding="async" class=" wp-image-49621 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541-300x127.png" alt="Just a chill guy ($CHILLGUY)" width="958" height="406" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541-300x127.png 300w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541-1024x435.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541-768x326.png 768w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541-1536x652.png 1536w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144541.png 1856w" sizes="(max-width: 958px) 100vw, 958px" /></p>
<h2 data-start="1470" data-end="1504">How Does Just a chill guy Work?</h2>
<p data-start="1505" data-end="1770">Token standard &amp; taxes: $CHILLGUY is a regular SPL fungible token; transfers are tax-free (official site). The zero-tax model encourages distribution and liquidity, commonly seen in memecoins.</p>
<p data-start="1772" data-end="2121">Launch mechanics (pump.fun): The token was distributed via bonding curve on pump.fun; after reaching certain thresholds, it “graduated” from the curve and moved into continuous liquidity on AMMs like Raydium. In this model, early buy-sell activity is subject to curve pricing; after graduation, market pricing occurs on DEX/AMMs.</p>
<p data-start="2123" data-end="2376">Liquidity &amp; DEX side: The main DEX pool is Raydium: CHILLGUY/SOL (pool: <code data-start="2202" data-end="2219">93tjgwff5A…Z7bu</code>). On-chain price, FDV, and liquidity data can be tracked from there. Additionally, smaller pools exist on Orca.</p>
<p data-start="2378" data-end="2744">Exchange listings &amp; derivatives: From November 2024, MEXC listed spot (CHILLGUY/USDT) and perps on MEXC Futures; Bybit opened spot/promo pages and trading pairs; Binance also listed a USDT-margined perpetual contract. This moved the memecoin’s liquidity into CEXs, helping to solidify trading volume.</p>
<p data-start="2746" data-end="3194">Authorities (mint/freeze) &amp; security note: Independent index pages show that mint and freeze authority have been disabled (renounced); this implies token minting is closed and wallets cannot be frozen (for general SPL “mint/freeze” authority see Solana StackExchange). In any case, it is best to verify current status through an on-chain explorer before purchasing.</p>
<h2 data-start="3201" data-end="3236">What is the Purpose of Just a chill guy?</h2>
<p data-start="3237" data-end="3673">The official narrative is community-based fun centered around the “Chill Guy” culture: “The community wins together,” “growing memeconomy,” zero tax, and decentralized meme movement are emphasized. Branding/merchandise, studio content, and social media growth strategies are also included on the site. In summary, the token aims to sustain the public narrative/viral marketing around the meme brand.</p>
<p data-start="3237" data-end="3673"><img decoding="async" class=" wp-image-49624 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144756-300x137.png" alt="Just a chill guy" width="1117" height="510" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144756-300x137.png 300w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144756-768x350.png 768w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144756.png 1519w" sizes="(max-width: 1117px) 100vw, 1117px" /></p>
<p data-start="3237" data-end="3673">Since the token’s technical launch was done via pump.fun in a community-based manner, there is no officially, transparently disclosed founding team; project communication is largely conducted through community channels and X profiles. On the other hand, the artistic creator of the meme is Phillip Banks; in November 2024, legal processes and copyright notices emerged against unauthorized commercial use of the meme, followed by reports of licensing/settlement discussions. This left the relationship between the meme and the token in a gray area over time.</p>
<h2 data-start="4695" data-end="4739">Who are the Investors of Just a chill guy?</h2>
<p data-start="4740" data-end="5302">In memecoins of this scale, there is usually no traditional “private sale/VC round” investor list; for $CHILLGUY there is also no official/corporate investor disclosure. The initial distribution took place via pump.fun bonding curve with retail participants; today, ownership distribution can be tracked live through on-chain explorers (e.g., snapshots have shown the top 10 wallets holding a significant portion of the total supply; ratios change over time). Exchange listings should be considered as liquidity/access channels, not “investors.”</p>
<p data-start="4740" data-end="5302"><img loading="lazy" decoding="async" class=" wp-image-49623 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723-300x163.png" alt="Just a chill guy" width="1061" height="576" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723-300x163.png 300w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723-1024x556.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723-768x417.png 768w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723-1536x835.png 1536w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144723.png 1647w" sizes="auto, (max-width: 1061px) 100vw, 1061px" /></p>
<h2 data-start="5309" data-end="5332">$CHILLGUY Tokenomics</h2>
<p data-start="5333" data-end="5358"><strong data-start="5333" data-end="5358">Core parameters</strong></p>
<ul>
<li data-start="5361" data-end="5387"><strong data-start="5361" data-end="5372">Chain:</strong> Solana (SPL)</li>
<li data-start="5390" data-end="5436"><strong data-start="5390" data-end="5407">Maximum Supply:</strong> <strong data-start="5408" data-end="5434">1,000,000,000 CHILLGUY</strong></li>
<li data-start="5439" data-end="5527"><strong data-start="5439" data-end="5451">Circulation:</strong> ~<strong data-start="5453" data-end="5464">999.95M</strong> (CMC, Bybit/MEXC price pages show similar data)</li>
<li data-start="5530" data-end="5561"><strong data-start="5530" data-end="5540">Tax:</strong> <strong data-start="5541" data-end="5546">0</strong> (official site)</li>
<li data-start="5564" data-end="5630"><strong data-start="5564" data-end="5581">Contract/Mint:</strong> <code data-start="5582" data-end="5628">Df6yfrKC8kZE3KNkrHERKzAetSxbrWeniQfyJY4Jpump</code></li>
<li data-start="5633" data-end="5703"><strong data-start="5633" data-end="5656">Main DEX Pool:</strong> Raydium <strong data-start="5665" data-end="5681">CHILLGUY/SOL</strong> — <code data-start="5684" data-end="5701">93tjgwff5A…Z7bu</code></li>
<li data-start="5706" data-end="5870"><strong data-start="5706" data-end="5725">CEX / Derivatives:</strong> MEXC spot + perps; Bybit spot; Binance USDT perps; other exchanges (HTX etc.) joined over time.</li>
</ul>
<p data-start="5872" data-end="5893"><strong data-start="5872" data-end="5893">Issuance and authorities</strong></p>
<ul>
<li data-start="5896" data-end="5976"><strong data-start="5896" data-end="5915">Launch model:</strong> pump.fun → bonding curve → <strong data-start="5943" data-end="5956">graduation</strong> (transition to Raydium)</li>
<li data-start="5979" data-end="6193"><strong data-start="5979" data-end="5992">Authorities:</strong> Mint/Freeze authorities are <em data-start="6026" data-end="6035">disabled</em> (no further minting/freezing expected). Still, always check current status via <strong data-start="6103" data-end="6115">explorer</strong> before making investment decisions.</li>
</ul>
<p data-start="6195" data-end="6216"><strong data-start="6195" data-end="6216">Liquidity &amp; Market</strong></p>
<ul>
<li data-start="6219" data-end="6337"><strong data-start="6219" data-end="6238">DEX liquidity:</strong> Raydium pools report liquidity in the millions of USD; Orca pools are smaller.</li>
<li data-start="6340" data-end="6517"><strong data-start="6340" data-end="6359">Market access:</strong> CEXs like MEXC/Bybit offer spot; Binance/MEXC provide perps channels — leveraged products carry <strong data-start="6455" data-end="6470">high risk</strong>.</li>
</ul>
<p><img loading="lazy" decoding="async" class=" wp-image-49622 aligncenter" src="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144639-300x122.png" alt="Just a chill guy" width="1209" height="492" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144639-300x122.png 300w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144639-1024x416.png 1024w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144639-768x312.png 768w, https://coinengineer.net/blog/wp-content/uploads/2025/08/Ekran-goruntusu-2025-08-31-144639.png 1508w" sizes="auto, (max-width: 1209px) 100vw, 1209px" /></p>
<p data-start="6519" data-end="6541"><strong data-start="6519" data-end="6541">Risks &amp; Considerations</strong></p>
<ul>
<li data-start="6544" data-end="6722"><strong data-start="6544" data-end="6567">IP/Reporting Risk:</strong> The meme’s copyright/legal agenda affected market perception; possible licensing/settlement news could impact pricing.</li>
<li data-start="6725" data-end="6833"><strong data-start="6725" data-end="6745">Nature of Memecoin:</strong> Instead of fundamental cash flow/product, it is driven by <strong data-start="6776" data-end="6798">narrative and community</strong>; volatility is extreme.</li>
<li data-start="6836" data-end="7007"><strong data-start="6836" data-end="6861">Pool/Copy Tokens:</strong> Fake/copy SPL mints with the same name may exist; always verify with the <strong data-start="6913" data-end="6931">mint address</strong>.</li>
</ul>
<h2>Official Sources</h2>
<ul>
<li><em><strong><a href="https://www.chillguy.io/" target="_blank" rel="noopener">Official Website</a></strong></em></li>
<li><a href="https://x.com/chillguycto" target="_blank" rel="noopener"><em><strong>X (Twitter) Account</strong></em></a></li>
</ul>
<h2>Live Market Data</h2>
<p></p>
<div class="coinmarketcap-currency-widget" data-currencyid="34125" data-base="USD" data-sec data-ticker="true" data-rank="true" data-marketcap="true" data-volume="true" data-statsticker="true" data-stats="USD"></div>
<p>The post <a href="https://coinengineer.net/blog/what-is-just-a-chill-guy-chillguy-solana-meme-coin/">What is Just a chill guy ($CHILLGUY)? Solana Meme Coin</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>YZY Coin Crisis: All the Facts About Kanye West’s Token!</title>
		<link>https://coinengineer.net/blog/yzy-coin-kanye-west-token-crisis/</link>
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		<dc:creator><![CDATA[Yeliz Akmaca]]></dc:creator>
		<pubDate>Thu, 21 Aug 2025 08:05:56 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[EN]]></category>
		<category><![CDATA[crypto insider trades]]></category>
		<category><![CDATA[crypto liquidity risks]]></category>
		<category><![CDATA[decentralized payment token]]></category>
		<category><![CDATA[fake yzy tokens]]></category>
		<category><![CDATA[kanye west crypto]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<category><![CDATA[yeezy investments]]></category>
		<category><![CDATA[yzy tokenomics]]></category>
		<category><![CDATA[yzy whale wallets]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=48581</guid>

					<description><![CDATA[<p>US rapper Kanye West officially launched a memecoin project called YZY on the Solana network. Shortly after its debut, the market cap skyrocketed to $3 billion. However, the price quickly crashed by 60%, dropping to $1.2 billion.  Moreover, more than 90% of the total supply is concentrated in just six wallets, sparking concerns among investors</p>
<p>The post <a href="https://coinengineer.net/blog/yzy-coin-kanye-west-token-crisis/">YZY Coin Crisis: All the Facts About Kanye West’s Token!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span data-c>US rapper <a href="https://coinengineer.net/blog/kanye-west-is-launching-his-own-memecoin/"><strong>Kanye West</strong></a> officially launched a memecoin project called <strong>YZY</strong> on the Solana network. Shortly after its debut, the market cap skyrocketed to $3 billion. However, the price quickly crashed by 60%, dropping to $1.2 billion.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>Moreover, more than 90% of the total supply is concentrated in just six wallets, sparking concerns among investors about centralization and security. Kanye West had made a critical statement about crypto only a few months earlier. On February 7, he revealed on X that he had been offered $2 million to promote a fake crypto scheme. The plan involved West promoting the scam token to his 32.6 million followers and later claiming his account had been hacked. West emphasized that he refused to scam his community and cut all ties with the individual behind the offer.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>The YZY project, according to its official website, aims to connect users with a decentralized ecosystem. The platform includes the YZY token, a crypto payment system called Ye Pay, and a <strong>USDC-backed YZY Card</strong>. It also features an anti-sniping mechanism within its smart contracts.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>Additionally, the team deployed 25 contract addresses but selected only one as the official token. This approach was intended to prevent speculative traders from front-running the launch. The <strong>total supply</strong> was set at 999.99 million tokens, currently held across more than 31,000 wallets.</span><span data-ccp-props="{}"> </span></p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-48582 " src="https://coinengineer.net/blog/wp-content/uploads/2025/08/yzy-token.png" alt="" width="731" height="380" srcset="https://coinengineer.net/blog/wp-content/uploads/2025/08/yzy-token.png 914w, https://coinengineer.net/blog/wp-content/uploads/2025/08/yzy-token-300x156.png 300w, https://coinengineer.net/blog/wp-content/uploads/2025/08/yzy-token-768x399.png 768w" sizes="auto, (max-width: 731px) 100vw, 731px" /></p>
<h2><span data-c>YZY Tokenomics and Heated Market Debates</span><span data-ccp-props="{}"> </span></h2>
<p><span data-c>In terms of tokenomics, 20% of the total supply was allocated to the public sale. Another 10% was dedicated to liquidity, while the remaining 70% was locked under Yeezy Investments LLC, subject to a vesting schedule between 3 and 12 months.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>However, blockchain analytics firms detected significant insider activity at launch. According to Lookonchain data, several wallets knew the contract address in advance, allowing them to earn millions on day one. One trader reportedly turned a $450,000 USDC investment into more than $3.4 million.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>Whales also joined early. One investor spent <strong>12,170 SOL</strong> to acquire YZY tokens and later transferred them to another wallet, boosting their balance to $8.29 million — a profit of nearly $6 million.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>Furthermore, Solscan data shows that the top 10 wallets control more than 92% of the supply. This concentration has raised concerns about potential price manipulation. Reports also reveal that the liquidity pool contains only YZY, giving developers the ability to influence price movements.</span><span data-ccp-props="{}"> </span></p>
<p><span data-c>Finally,<strong> Bubblemaps</strong> uncovered multiple fake tokens launched under the YZY name, which misled investors and caused major losses. While the YZY launch attracted huge attention, high volatility and transparency issues leave the project’s future uncertain.</span><span data-ccp-props="{}"> </span></p>
<p><span data-ccp-props="{}"> </span><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="nofollow noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="nofollow noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers" target="_blank" rel="nofollow noopener"><strong>Twitter</strong></a> channels for the latest <a title="News" href="https://coinengineer.net/blog/news/" data-internallinksmanager029f6b8e52c="7">news</a> and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/yzy-coin-kanye-west-token-crisis/">YZY Coin Crisis: All the Facts About Kanye West’s Token!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Memecoin Debate Heats Up as Solana-Based Tokens Face Declining Volumes and Investor Losses</title>
		<link>https://coinengineer.net/blog/memecoin-debate-heats-up/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Tue, 20 Aug 2024 09:00:22 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[EN]]></category>
		<category><![CDATA[Market Analysis]]></category>
		<category><![CDATA[memecoin]]></category>
		<category><![CDATA[solana]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=27143</guid>

					<description><![CDATA[<p>Particularly as Solana-based memecoin trading volumes have dropped and new data shows most pump.fun traders are losing money, memecoin critics have been more vociferous this week. In an Aug. 19 email, Messari data engineer Mike Kremer joined the criticism by characterizing memecoins as the &#8220;most extractive crypto phenomenon&#8221; since the 2017 ICO explosion. Unlike other</p>
<p>The post <a href="https://coinengineer.net/blog/memecoin-debate-heats-up/">Memecoin Debate Heats Up as Solana-Based Tokens Face Declining Volumes and Investor Losses</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Particularly as <strong>Solana</strong>-based <strong>memecoin</strong> trading volumes have dropped and new data shows most pump.fun traders are losing money, memecoin critics have been more vociferous this week. In an Aug. 19 email, Messari data engineer Mike Kremer joined the criticism by characterizing memecoins as the &#8220;most extractive crypto phenomenon&#8221; since the 2017 ICO explosion. Unlike other speculative booms in cryptocurrencies, Kremer contends, memecoins have had a &#8220;far more destructive dynamic.&#8221; Often leaving some residual value, they also Insiders, he notes, frequently develop these tokens, promote them, and then discard them, therefore leaving regular investors with worthless assets.</p>
<p>Data indicates that only 3% earned profits of more than $1,000 while<strong> 60%</strong> of traders on the memecoin deployer pump.fun have lost money. Solana-based memecoin trading volumes have also decreased by up to 80% over the last two weeks; last week, Solana exchange-traded instruments experienced record $39 million in withdrawals.</p>
<p>Still up for debate, however, is whether memecoins are eventually good for the crypto economy. Pointing to the great activity on the network, Alon, the pseudonymous creator of pump.fun, contends that reduced costs to memecoin deployment are a beneficial development. According to him, memecoins are almost ready for broad use and are becoming more easily available to newbies.</p>
<p>Others, such as creator of<strong> Avalanche Emin Gün Sirer</strong>, have argued that while memecoins are essentially useless, they nevertheless have value in the crypto space as they encourage community and keep users active with the technology. In accordance with this perspective, Avalanche said in December that it will begin purchasing memecoins using its $100 million community fund, originally set aside for NFT artists, therefore showcasing their potential to draw more individuals into the crypto scene.</p>
<p><i><span style="font-weight: 400;">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our </span></i><a href="https://t.me/coinengineernews"><i><span style="font-weight: 400;">Telegram, </span></i></a><a href="https://www.youtube.com/@CoinEngineer"><i><span style="font-weight: 400;">YouTube</span></i></a><i><span style="font-weight: 400;">, and </span></i><a href="https://twitter.com/coinengineers"><i><span style="font-weight: 400;">Twitter</span></i></a><i><span style="font-weight: 400;"> channels for the latest </span></i><a href="https://coinengineer.io/news/"><i><span style="font-weight: 400;">news</span></i></a><i><span style="font-weight: 400;"> and updates.</span></i></p>
<p>The post <a href="https://coinengineer.net/blog/memecoin-debate-heats-up/">Memecoin Debate Heats Up as Solana-Based Tokens Face Declining Volumes and Investor Losses</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Solana’s Soulja Coin (SBOY) Soars 100% as Major Update Approaches</title>
		<link>https://coinengineer.net/blog/solanas-soulja-coin-sboy-soars-100-as-major-update-approaches/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Thu, 15 Aug 2024 07:00:44 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[memecoin]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<category><![CDATA[soulja coin]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=26743</guid>

					<description><![CDATA[<p>Soulja Coin (SBOY), a famous token associated with American rapper Soulja Boy, has seen a significant increase in value, climbing over 100% in the last 24 hours. This rapid increase in value is largely due to expectations for an upcoming update to the token’s ecosystem, which includes the development of a video game. Soulja Coin</p>
<p>The post <a href="https://coinengineer.net/blog/solanas-soulja-coin-sboy-soars-100-as-major-update-approaches/">Solana’s Soulja Coin (SBOY) Soars 100% as Major Update Approaches</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Soulja Coin (SBOY), a famous token associated with American rapper Soulja Boy, has seen a significant increase in value, climbing over 100% in the last 24 hours. This rapid increase in value is largely due to expectations for an upcoming update to the token’s ecosystem, which includes the development of a video game.</p>
<h2>Soulja Coin Gains 119% During Video Game Development</h2>
<p>The Soulja Coin’s price increase comes after Soulja Boy, also known as DeAndre Cortez Way, announced on August 14. In a post on the X platform, the rapper shared that development on a video game in the Soulja Coin ecosystem is nearing completion. He also hinted at a “major update” to the game that will be revealed tomorrow.</p>
<p>This news has caused excitement within the community, leading to a significant 119.5% increase in the token’s price, according to CoinGecko , and is currently at $0.000533. The rapid price action underscores the strong investor interest in the project, especially as it aligns with broader Web3 initiatives in the entertainment industry.</p>
<p><em>Might interest you: <a href="https://coinengineer.net/blog/solana-secures-network-amid-critical-flaw/">Solana Secures Network Amid Critical Flaw</a></em></p>
<p>Soulja Boy’s Web3 Ambition and SODMG Tour The ongoing development of the Soulja Coin ecosystem makes Soulja Boy the first rapper to launch his own Web3 video game system. This achievement has not only increased the value of the token, but also brought attention to Soulja Boy’s broader digital efforts.</p>
<p>Soulja Boy has announced his upcoming SODMG (Stacks on Deck Money Gang) tour, scheduled to run from September to October of this year. The tour announcement further fuels interest in the Soulja Coin ecosystem as fans and investors anticipate potential integrations between the token and the tour.</p>
<hr />
<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> channels for the latest news and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/solanas-soulja-coin-sboy-soars-100-as-major-update-approaches/">Solana’s Soulja Coin (SBOY) Soars 100% as Major Update Approaches</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Solana Memecoin Dogwifhat (WIF) Plummets, Exits Top 50 Cryptocurrencies</title>
		<link>https://coinengineer.net/blog/solana-memecoin-dogwifhat-wif-plummets-exits-top-50-cryptocurrencies/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Mon, 24 Jun 2024 08:00:11 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[Genel]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Dogwifhat (WIF)]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=23415</guid>

					<description><![CDATA[<p>Having a notable 38% price decrease over the last week, Solana memecoin Dogwifhat (WIF) has plummeted out of the top 50 cryptocurrencies by market capitalization. Dogwifhat&#8217;s market capitalization dropped 9% to $1.60 billion during a 12-hour period on June 23, enabling Fantom to pass it. Fantom moved ahead of Dogwifhat with a 2.24% market value</p>
<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-dogwifhat-wif-plummets-exits-top-50-cryptocurrencies/">Solana Memecoin Dogwifhat (WIF) Plummets, Exits Top 50 Cryptocurrencies</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Having a notable 38% price decrease over the last week, <strong>Solana memecoin Dogwifhat (WIF)</strong> has plummeted out of the top 50 cryptocurrencies by market capitalization.</p>
<p>Dogwifhat&#8217;s market capitalization dropped 9% to $1.60 billion during a 12-hour period on June 23, enabling Fantom to pass it. Fantom moved ahead of Dogwifhat with a 2.24% market value increase to $1.65 billion.</p>
<h2>Market Reactions and Accumulation Concerns</h2>
<p>Though several traders said <strong>Dogwifhat</strong> is in an accumulation zone, pseudonymous crypto trader Blockgraze voiced doubt. &#8220;Many people are talking about how WIF is in their accumulation zone, but I just checked the chart, and it doesn’s seem like anyone is accumulating,&#8221; Blockgraze stated in a June 23 X post.</p>
<p><a href="https://coinengineer.net/blog/top-10-altcoins-developers-are-most-focused-on-this-week/"><i><span style="font-weight: 400;">This Might Interest You: Top 10 Altcoins Developers Are Most Focused On This Week<br />
</span></i></a></p>
<p>Positioned behind Pepe, which has over three times Dogwifhat&#8217;s market capitalization at $4.57 billion, <strong>Dogwifhat</strong> remains the fourth biggest memecoin by market capitalization. CoinMarketCap data shows Dogwifhat trading at $1.62, down 38% over the previous seven days as of writing.</p>
<h2>Futures Market Impacts</h2>
<p>The price drop has made futures traders cautious about placing bets on Dogwifhat&#8217;s near-term path. Reportedly based on <strong>Open Interest (OI)</strong>, the total value of all open or unsettled Dogwifhat futures contracts across exchanges has plummeted 25% to $209.64 million during the same time.</p>
<p>Should <strong>Dogwifhat</strong> rise by around 13% from two days ago, nearly $13.53 million in short bets might be eliminated from its $1.81 price. Over the last several months, sentiment has changed drastically from hopeful expectations when Dogwifhat was trading at $3 to present pessimistic views.</p>
<h2>Previous Predictions and Current Reality</h2>
<p>Arthur Hayes, former CEO of BitMEX and current chief investment officer of Maelstrom, projected that the Solana-based memecoin would climb to $10 on March 14 when Dogwifhat crossed the $3 mark for the first time. &#8220;The hat stays on while I count to $10,&#8221; Hayes said on a March 14 X post. But the state of the market right now points in another direction.</p>
<p><a href="https://t.me/coinengineernews"><span style="font-weight: 400;">Click here to get the latest news from Coin Engineer!</span></a></p>
<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-dogwifhat-wif-plummets-exits-top-50-cryptocurrencies/">Solana Memecoin Dogwifhat (WIF) Plummets, Exits Top 50 Cryptocurrencies</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>With Solana&#8217;s Memecoin Hype, Pump.fun Raised Its Revenue Over 30 Million Dollars</title>
		<link>https://coinengineer.net/blog/with-solanas-memecoin-hype-pump-fun-raised-its-revenue-over-30-million-dollars/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Tue, 04 Jun 2024 16:00:49 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[memecoin]]></category>
		<category><![CDATA[memecoin hype]]></category>
		<category><![CDATA[Pump.fun]]></category>
		<category><![CDATA[sol memecoin]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<guid isPermaLink="false">https://coinengineer.io/?p=21957</guid>

					<description><![CDATA[<p>With the increase in memecoins issued on the Solana network, Pump.fun&#8217;s revenue exceeded $30 million. The participation of famous names in this ecosystem attracted even more attention. In the last month, we have come across a lot of meme-focused news. Roaring Kitty, the face of the meme stock rally in 2021, has returned to the</p>
<p>The post <a href="https://coinengineer.net/blog/with-solanas-memecoin-hype-pump-fun-raised-its-revenue-over-30-million-dollars/">With Solana&#8217;s Memecoin Hype, Pump.fun Raised Its Revenue Over 30 Million Dollars</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>With the increase in memecoins issued on the <a href="https://coinengineer.net/blog/solana-and-fetch-price-analysis-bullish-or-bearish/">Solana</a> network, Pump.fun&#8217;s revenue exceeded $30 million. The participation of famous names in this ecosystem attracted even more attention.</p>
<p>In the last month, we have come across a lot of meme-focused news. Roaring Kitty, the face of the meme stock rally in 2021, has returned to the X platform. Memecoin launch platform Pump.fun was misappropriated $1.9 million by a former employee. The death of Shiba Inu Kabosu, the face of Dogecoin, was also among the notable events.</p>
<p>Overall, the crypto market has been buoyed this month by the unexpected spot Ethereum ETF 19b-4 approval from the US and more optimistic inflation data.</p>
<p>But if we take a closer look at the last week, we see that the breast energy remains quite strong. In particular, a new subsector, PolitiFi (Political Finance), with memecoins referencing legislatures (without any official affiliation) has become a major center of trading activity. This became even more evident after the guilty verdict in former president Donald Trump&#8217;s secret money case.</p>
<p>Perhaps the most exciting thing is that famous names are stepping into the crypto world again. Many A-list celebrities showed interest in crypto at the height of the bull market in 2021 and 2022, but dropped the topic from their agenda as the hype faded. Justin Bieber no longer posts about BAYC on Instagram, although he still holds $450,000 worth of crypto, according to</p>
<p>However, Caitlyn Jenner took the stage and launched her own token on pump.fun and promoted it on both her X and Instagram accounts. Many people thought their accounts might have been hacked, but Jenner posted a video confirming that she was behind the post. Jenner later moved the token to Ethereum and uses the fees generated from it to support Trump. Rapper Iggy Azalea also independently launched her own token, $MOTHER, on Solana; This move comes as a reaction to a promoter&#8217;s attempt to launch the IGGY token.</p>
<p>Another name that returned to crypto, although unconfirmed, was Katy Perry. She shared the phrase &#8220;LFG&#8221; (Let&#8217;s f*cking go), which is widely used in crypto language on the X platform. Although this post was not directly related to crypto, it received a lot of attention from the crypto Twitter community. Perry himself became a meme in the past bull market; She is best known for her famous photo with Three Arrows co-founder Su Zhu and her &#8220;crypto nail art&#8221;.</p>
<hr />
<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our <a href="https://t.me/coinengineernews" target="_blank" rel="noreferrer noopener"><strong>Telegram, </strong></a><a href="https://www.youtube.com/@CoinEngineer" target="_blank" rel="noreferrer noopener"><strong>YouTube</strong></a>, and <a href="https://twitter.com/coinengineers"><strong>Twitter</strong></a> channels for the latest news and updates.</em></p>
<p>The post <a href="https://coinengineer.net/blog/with-solanas-memecoin-hype-pump-fun-raised-its-revenue-over-30-million-dollars/">With Solana&#8217;s Memecoin Hype, Pump.fun Raised Its Revenue Over 30 Million Dollars</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Solana Memecoin Hype Continues!</title>
		<link>https://coinengineer.net/blog/solana-memecoin-hype-continues/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Wed, 20 Mar 2024 19:00:00 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[memecoin]]></category>
		<category><![CDATA[solana]]></category>
		<category><![CDATA[Solana (SOL)]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=15981</guid>

					<description><![CDATA[<p>Solana has surged ahead of Ethereum in decentralized exchange (DEX) volume, fueled by the frenzy surrounding meme coins and its superior capital efficiency compared to Ethereum. Over the past week, Solana-based DEXes have seen more activity than their Ethereum counterparts, with the meme coin craze driving up volumes on Solana. According to DeFiLlama data, trading</p>
<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-hype-continues/">Solana Memecoin Hype Continues!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><a href="https://coinengineer.net/blog/solana-meme-coin-madness-scares-the-market/">Solana</a> has surged ahead of Ethereum in decentralized exchange (DEX) volume, fueled by the frenzy surrounding meme coins and its superior capital efficiency compared to Ethereum.</p>
<p>Over the past week, Solana-based DEXes have seen more activity than their Ethereum counterparts, with the meme coin craze driving up volumes on Solana. According to DeFiLlama data, trading volume on Solana-based DEXes surged 67% to $21.3 billion in seven days, while Ethereum-based DEXes saw a more modest 3% increase to $19.4 billion. Solana, now the leading smart-contract blockchain by trading volume, hosts 17 DEXes, with Orca dominating with 88% of the total volume, compared to Ethereum&#8217;s 46 DEXes led by Uniswap.</p>
<p>The shift in dominance has been attributed to speculative fervor in Solana-based meme coins like dogwifwhat, bonk, book of meme, and slerf. The trend is evident in the top trending tokens on the DEX Screener, which are predominantly from Solana. The speculative frenzy reached such heights that 2,300 meme coins were created in a single hour on March 13, and the supply of stablecoins on Solana hit a multiyear high of $2.80 billion.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-15982 size-full" src="https://coinengineer.net/blog/wp-content/uploads/2024/03/solana-meem.jpeg" alt="" width="1056" height="438" srcset="https://coinengineer.net/blog/wp-content/uploads/2024/03/solana-meem.jpeg 1056w, https://coinengineer.net/blog/wp-content/uploads/2024/03/solana-meem-300x124.jpeg 300w, https://coinengineer.net/blog/wp-content/uploads/2024/03/solana-meem-1024x425.jpeg 1024w, https://coinengineer.net/blog/wp-content/uploads/2024/03/solana-meem-768x319.jpeg 768w" sizes="auto, (max-width: 1056px) 100vw, 1056px" /></p>
<p>Reflexivity Research attributes Solana&#8217;s volume surge to initiatives like points programs and airdrops such as the <a href="https://coinengineer.net/blog/solana-memecoin-mania/">Solana</a> DEX Jupiter, which gained momentum in the fourth quarter of 2023. Moreover, Solana boasts higher capital efficiency compared to Ethereum and other smart-contract blockchains. This efficiency is reflected in the DEX volume-to-total value locked (TVL) ratio, which indicates that Solana can support higher trading volumes with a lower dollar value of assets locked in its DeFi ecosystem.</p>
<p>Reflexivity Research&#8217;s recent report, commissioned by the Solana Foundation, underscores Solana&#8217;s significant outpacing of Ethereum in terms of operational efficiency within its ecosystem.</p>
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<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-hype-continues/">Solana Memecoin Hype Continues!</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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		<title>Solana Memecoin Boom Raises Industry Alarms</title>
		<link>https://coinengineer.net/blog/solana-memecoin-boom-raises-industry-alarms/</link>
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		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Mon, 18 Mar 2024 21:04:00 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[memecoin]]></category>
		<category><![CDATA[solana]]></category>
		<category><![CDATA[Solana (SOL)]]></category>
		<category><![CDATA[solana memecoin]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=15789</guid>

					<description><![CDATA[<p>Despite concerns voiced by industry leaders, Solana memecoin presales continue to attract significant interest. Ki Young Ju, the founder and CEO of CryptoQuant, has expressed apprehension regarding the surge in Solana memecoin sales. Notably, projects like Slerf and presales such as &#8216;areyoustupid.sol&#8217; have experienced remarkable growth, leading to increased fees and trading volume on the</p>
<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-boom-raises-industry-alarms/">Solana Memecoin Boom Raises Industry Alarms</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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										<content:encoded><![CDATA[<p>Despite concerns voiced by industry leaders, <strong>Solana</strong> <a href="https://coinengineer.net/blog/solana-meme-coin-what-is-slerf/">memecoin</a> presales continue to attract significant interest.</p>
<p>Ki Young Ju, the founder and CEO of CryptoQuant, has expressed apprehension regarding the surge in <a href="https://coinengineer.net/blog/most-volatile-weekend-in-a-year-as-solana-dominates-while-bitcoin-recovers/">Solana</a> memecoin sales. Notably, projects like Slerf and presales such as &#8216;areyoustupid.sol&#8217; have experienced remarkable growth, leading to increased fees and trading volume on the Solana blockchain.</p>
<p>Ju, whose company specializes in cryptocurrency on-chain and market data, took to the social media platform X to convey his concerns. He emphasized the detrimental impact memecoins could have on the crypto industry, lamenting how they overshadow legitimate projects striving to drive industry advancement.</p>
<p>&#8220;Memecoins pose a threat to the integrity of the crypto industry,&#8221; Ju stated on X. &#8220;It&#8217;s disheartening to witness billion-dollar memecoins outshine diligent teams working on genuine products to propel this sector forward. The pursuit of easy money does not foster sustainable progress across the industry, as evidenced by the ICO bubble burst of 2018.&#8221;</p>
<p>Acknowledging the argument that memecoins serve as a gateway for new users to enter the crypto space, Ju questioned whether risking financial loss is a suitable method for attracting newcomers. He also raised concerns about the lack of societal value contributed by many projects during the 2018 ICO frenzy, likening it to a casino-like environment.</p>
<p>Ju concluded his remarks on X by suggesting that supporters of memecoins may be unfamiliar with the adverse consequences of chasing quick profits in the crypto industry.</p>
<p>The ICO burst of 2018 refers to the period when numerous web3 projects conducted initial coin offerings, exchanging digital assets for financial investments. While some projects, like Ethereum in 2014, executed legitimate and successful ICOs, the later period saw a proliferation of speculative or fraudulent offerings, contributing to the burst.</p>
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<p>The post <a href="https://coinengineer.net/blog/solana-memecoin-boom-raises-industry-alarms/">Solana Memecoin Boom Raises Industry Alarms</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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