Project 89 stands out as an intriguing blend of humor, narrative depth, and cutting-edge AI. Launched initially on Solana, this meme coin has captured attention with its dystopian storyline about resisting a fictional megacorporation called Oneirocom.
But what happens when a Solana-native project eyes Ethereum’s vast ecosystem? As of September 2025, Project 89‘s journey across chains raises questions about growth, risks, and the future of meme coins. Let’s dive into the details.
The Solana Origins of Project 89
Project 89, also known by its ticker $PROJECT89, first emerged on Solana in late 2024 via Pump.fun, a popular launchpad for meme tokens.
- Contract address: Bz4MhmVRQENiCou7ZpJ575wpjNFjBjVBSiVhuNg1pump.
- Total supply of approximately 1 billion tokens (nearly the entire circulating supply unlocked), Project 89 was born from a concept that Director Parzival (@whyarethis) had nurtured for over 20 years.
- Project 89 isn’t just a pump-and-dump scheme. It weaves an alternate reality game (ARG) narrative around “Greening the Loom” – a metaphor for shifting from exploitative systems to collaborative, regenerative ones.
- This AI-powered story involves 5,000 Proxim8 NFTs, which serve as “agents” in a resistance movement. Holders can invoke these NFTs into large language models (like Grok or Claude) to generate dynamic content, blending meme culture with interactive storytelling.
As of September 9, 2025, current market data shows Project 89 trading at approximately $0.0078 USD, with a market capitalization of around $7.8 million.
See the full chart on MevX now
- Daily trading volume hovers between $79,000 and $253,000, supported by liquidity pools exceeding $1.2 million on Raydium.
- The community, boasting over 21,000 followers on X (@project_89), thrives on updates from team members like @SilasGrenz, who describe it as a “recursive loop where the meme is the message.”
- Recent X activity highlights events like AI spaces and council discussions, emphasizing its evolution into a media franchise with games, animated series, and merch.
- Token Basics: Symbol: $PROJECT89; Blockchain: Solana; Total Supply: ~1B; Launch Date: October 2024.
- Community Hubs: Website: https://www.project89.site/; X: @project_89; Discord: Available via team bios.
- Utility Features: NFT integration for AI agents; Funding for anime and regenerative finance initiatives.
Crossing Chains: Project 89’s Move to Ethereum
While the Solana version remains the official hub, an Ethereum counterpart surfaced in early September 2025, with contract address 0x6907aD44fA86FfB35a7E078e8B58638E69398CBb.
This ERC-20 token mirrors the name and theme but operates independently, likely a fork or community-inspired copycat, not an official migration.
See the full chart on MevX now
Priced at roughly $0.0038 USD, it boasts a smaller market cap of $3.7 million and liquidity of around $179,000 on Uniswap. Volume has spiked to $87,000 in 24 hours, driven by bot hype and smart money inflows.
This cross-chain shift highlights broader trends in crypto: Solana’s speed (up to 400,000 TPS) suits quick meme pumps, but Ethereum’s $66 billion TVL offers deeper liquidity and whale access.
However, without team endorsement, the Ethereum version carries higher risks like potential rug pulls.
The Narrative, Utility, and Risks of Project 89
Project 89‘s strength lies in its ARG elements, a timeline from “Glitch” to “Rewrite”, aiming to manifest an “Optimal Timeline” through AI media.
Utility extends beyond speculation: Tokens fund experiences, while NFTs unlock gated content and 3D avatars. The team, partially doxxed via Parzival and co-founder Matt Diteljan (@mattditeljan), focuses on human-AI fusion for cultural change.
Yet, as a meme coin, volatility is inherent. Prices can swing 10-20% daily, and whale sells (noted in recent alerts) could trigger dumps. Security audits show no major issues on Solana (post-community takeover), but the Ethereum variant flags minor code concerns. Investors should DYOR, noting meme coins’ high failure rate.
In opportunities, Project 89 could pioneer AI-native franchises if deliverables like games launch in 2026. Its narrative resonates in a post-AI boom era, potentially attracting partnerships.
Project 89 exemplifies how meme coins can transcend hype, bridging chains for wider impact. Whether it’s Solana’s vibrant degens or Ethereum’s established traders, this project invites curiosity about crypto’s creative frontiers.
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