$MUTUMBO was born on Solana’s Pump.fun with the contract address is 4StuLHHsHobhBh4BCNhreFtQ5EvSZHvbAMxJ44JWpump. The meme coin launchpad responsible for over 8.7 million tokens since January 2024. Its debut aligned with a bullish Solana market and hitted $121 on April 11, up 7.45%
Within hours, $MUTUMBO’s market cap spiked to $41.3K, with X posts reporting rapid buys and a growing community of “trench” holders, a nod to crypto’s diehard traders.
The token’s name and vibe stem from a viral capybara image dubbed “Mutumbo” by Ansem, a prominent Solana influencer known for hyping meme coins like Dogwifhat. Capybaras, the internet’s favourite cool rodents represent relaxation and silly humour, therefore $MUTUMBO is a natural fit for Solana’s degen culture.
X users describe it as a “nostalgic meme coin” with “retro gaming vibes,” though no official whitepaper clarifies its intent. Like most meme coins, it’s light on utility and heavily dependent on community-driven hype, banking on FOMO to fuel its climb.
The potential of the token is alluring. Starting around $50,000, if the buzz continues, it might reach $1 million to $10 million. The promise is demonstrated by Solana’s past, including Bonk’s $3.5 billion peak and Pudgy Penguins’ Shopify agreement. Early adopters like those on the Giza wallet (which is linked to $2 million worth of meme coin), could make a lot of money if $MUTUMBO skyrockets.
$MUTUMBO is Solana’s newest meme coin spark, a capybara-fueled frenzy born on Pump.fun and blazing through Pumpswap. At $41.3K market cap, it’s a speculative bet with moonshot dreams, backed by Ansem’s clout and X’s “trench” warriors. But its lack of utility and low liquidity are high risk.
