Gummy Meme Coin, a unique addition to the Solana blockchain, fuses viral meme culture with the playful appeal of gummy bears, creating a fresh wave of excitement in the crypto market with its community-driven potential and promises of rapid gains.
What Is GUMMY?
GUMMY is a meme coin launched on the Solana blockchain on April 20, 2024—a date in line with the humor of cannabis culture to really seal it as a meme coin. Light and community-driven, it is focused on liquidity provision for Solana and creation and engagement platforms for its community.
This project animates the charm of gummy bears, mixed with their playful essence and love of memes on the internet. The simplicity of it, the way it grabs attention with humor, and having the community in the first place are what make the Gummy meme coin appealing.
Key Details About GUMMY
Token Basics
- Token Name: GUMMY
- Ticker: $GUMMY
- Blockchain: Solana
- Smart Contract: H7bTHGb5Cvo5fGe5jBDNDPUv8KykQnzyZA3qZ8sH7yxw
- Total Supply: 1 billion GUMMY tokens
- Launch Date: April 20, 2024
- Category: Meme, Utility
Tokenomics
GUMMY meme coin tokenomics are all about fairness, transparency, and a community-driven approach:
- Airdrops: The airdrop mechanism accounts for 30% of the total supply in order to create wide community distribution.
- Liquidity Pool (LP): 40% of the tokens were burned at launch to ensure stability and demonstrate a commitment to the integrity of the project.
- Marketing: This gets 20% token allocation in driving adoption through promotional campaigns and strategic partnerships.
- Liquidity for CEX and Market Makers: 10% is allocated to provide liquidity in centralized exchanges.
- Team Allocation: Founders and developers were not allocated anything, 0%, to indicate that the project is totally decentralized and community-driven.
GUMMY’s Rapid Success
Gummy meme coin has just hit the market and received such a warm welcome from the crypto community that it went up to as much as 60% in the first 24 hours alone—a sure reflection of excitement and speculation around meme coins in general and strong branding and community for GUMMY meme coin specifically.
One event that surrounded GUMMY meme coin was when one investor reportedly turned $9,770 into $10 million in one day. According to on-chain analysts, this investor had deposited 65.23 SOL, worth some $9,770, into the GUMMY Liquidity Pool minutes before the release of the token. The wallet subsequently sent partial pump profits to a number of addresses, raising suspicion of insider involvement.
Of course, such cases are basically part and parcel of the meme coin environment, but they go to show how full of risk and unpredictability such markets really are.
GUMMY’s Unique Features
Community-Centric Vision
GUMMY aims to mix humor and crypto in such a way that it enables their following to build up their own meme coins simultaneously. By embracing meme culture and encouraging creativity, GUMMY is positioning itself as a fun, lighthearted project.
“Gummification” Initiative
Project the concept of “Gummification,” really hard, promoting fun, joy, and community in crypto. For that, there are some quite hard social media campaigns, interactive events, and some airdrops to be given out for community enjoyment and participation.
Staking and Rewards
In fact, a staking platform is envisioned in the future, where, through the staking of the GUMMY token, holders will be able to get token rewards other than RETARDED, MUNCHIES, and BAKED. The concept would surely be to incentivize long-term holding and cooperation with other meme-coin projects.
GUMMY Airdrop Campaign
To reward its community, GUMMY meme coin is collaborating with Bybit on a huge 15 million GUMMY airdrop, estimated at $2.25 million. The dates set for the campaign are April 29, 2024, through May 31, 2024. There are a couple of ways to be rewarded during the campaign. The period for prize distribution is June 1 to June 15, 2024.
Airdrop Categories
- New User Airdrop: 10 million tokens are reserved for new Bybit users who sign up, deposit at least 100 USDT or 1,500 GUMMY, and trade at least $100 worth of GUMMY meme coin.
- Trading Volume Airdrop: 2 million tokens will be distributed to users trading the GUMMY/USDT pair.
- Livestream Participation: 2 million tokens will be given to users who watch CryptoBanter’s livestreams during the campaign.
- Social Media Engagement: 1 million tokens are allocated for participants engaging with GUMMY on X (formerly Twitter) through retweets, quotes, and contest participation.
Market Performance
- Initial Price Surge: GUMMY meme coin achieved a 60% increase within a day of launch.
- Current Price: Approximately $0.00617 USD.
- 24-Hour Trading Volume: $1.87 million USD.
- Market Cap: Around $6.17 million USD.
- Ranking: #3085 on CoinMarketCap.
Listings and Trading Platforms
GUMMY meme coin is listed on several decentralized and centralized exchanges:
- Decentralized Exchanges: Raydium, Jupiter, and Orca.
- Centralized Exchanges: HTX (formerly Huobi), MEXC, XT.COM.
- Bybit: GUMMY is available as a Spot trading pair in the Adventure Zone.
Challenges and Risk
As a meme coin, GUMMY’s price is highly volatile, driven more by community sentiment and hype than by intrinsic value or utility.
The rapid gains seen with GUMMY meme coin raise concerns about pump-and-dump schemes, where early investors profit at the expense of latecomers.
GUMMY’s long-term success depends on maintaining community interest, expanding utility, and navigating the unpredictable nature of meme coins.
Community and Social Media
In developing its social media presence, GUMMY meme coin has built a huge following of its followers through engaging in memes, updates, and events; it is on X and Telegram where community interaction and participation tend to be hotbeds.
- 140k followers on X: A testament to GUMMY’s popularity and reach.
- Active Telegram Group: Encouraging discussions, events, and direct engagement with the project team.
- Regular Airdrops: Keeping the community rewarded and involved.
Why GUMMY Stands Out
GUMMY stands out with its unique approach, blending the fun of gummy bears and meme culture to create a distinct identity in the crypto world. Its transparent tokenomics focus on a community-first distribution, ensuring no team allocations.
With strong community engagement through regular updates, events, and airdrops, GUMMY keeps its supporters actively involved. Future staking plans promise to add utility and encourage long-term holding, further solidifying its potential.
GUMMY Meme Coin captures the essence of fun and speculation in the crypto world, with a unique blend of humor and potential for growth. As part of the Solana ecosystem, GUMMY Meme Coin stands out, offering both excitement and risk for investors.
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