Once a valuable asset, always a valuable asset.
phat ($PARTYHATS), the Solana-based meme coin contract address FC988ZAKRPc26wefDAxcYWB8kgbJTH4Tg3qDvf7x, has risen by 420% in the past 24 hours up to May 6, 2025. The token was inspired by RuneScape party hats, which are unique cosmetics made available through the Christmas event in 2001 and are today some of the most valuable in-game virtual items in the history of gaming due to their scarcity and the economy of the game.
$PARTYHATS derives partly from the cult status of RuneScape party hats that first dropped as part of Christmas crackers in 2001. Transferring no real value in-game as mere party decorations, the party hats became tokens of status and wealth within the game, and their market value escalated to levels upward of in the order of billion in-game gold by 2025. Their value was fueled by their rarity, being discontinued after the event, and the economic evolution of RuneScape that entailed gold inflation and the release of the Grand Exchange in 2007, which revolutionized their market structures. In the article, they are called “the best investment assets on the internet” and are a symbol of their cultural and financial value within the gamer domain. $PARTYHATS capitalizes on this heritage as a digital tribute to these virtual fortunes in the meme coin landscape.
The market performance of $PARTYHATS has also been considerable following the recent pump. Its market capitalization on the 6th of May 2025 value sits at $1 million, which is also its all-time high. The 24-hour trading value of $2.5 million indicates strong market interaction and engagement. Its total supply approximates that of 1 billion tokens in accordance with Solana meme coin standards. The 420% increase reflects the power of its narrative as well as the popularity of the token in a part of gaming history that appeals to both crypto as well as the RuneScape audience.
$PARTYHATS’ rise highlights the power of nostalgia and cultural significance in driving meme coin success. With the project taking inspiration from party hats in RuneScape, the token acquires a heritage of virtual value, blends gaming heritage with modern crypto space, and positions itself as a project to watch within the Solana ecosystem.
Find more Meme coin articles on the MevX Blog!
