What is altcoin (ALTCOIN) on Solana?

Altcoin (symbol: ALTCOIN) is a newly launched meme coin on the Solana blockchain, identified by the token address BYHXmnA3yjpdUDha52UprrC6a9qMcLvibv9kTLZVpump. Despite the generic name “altcoin” (which usually means any cryptocurrency other than Bitcoin), this specific token behaves like a classic meme coin: it’s community- and speculation-driven, with no disclosed utility or roadmap.

It launched via Pump.fun, a Solana-based platform that makes it easy to fairly launch new tokens—often with viral, community-first narratives rather than deep technical features.

Quick facts

• Symbol: ALTCOIN (“altcoin”)
• Chain: Solana (SPL token standard)
• Contract: BYHXmnA3yjpdUDha52UprrC6a9qMcLvibv9kTLZVpump
• Launch platform: Pump.fun
• Category: Meme coin (speculative, community-driven)

Market snapshot (as of Aug 13, 2025)

Note: These figures are snapshots and can change rapidly.

• Market cap: ~$808.8K (after a reported 24h surge >15,000%)
• All-time high market cap: ~$1.2M
• 24h volume: ~$3.3M
• Price: ~$0.00080884
• Short-term performance: +0.85% (5m), +86.38% (1h), +15,568.99% (6h)

Conversation around the token on trading venues focuses on market cap milestones ($1M, $5M, $10M), which is typical for meme coins where narrative and community momentum drive attention.

Purpose and utility

Unlike more established “altcoins” such as Ethereum or Chainlink—which provide clear functionality—ALTCOIN does not present an official whitepaper, roadmap, or utility. Its value appears to come mainly from social media buzz and speculative trading. This is normal for meme coins, but it also means higher risk due to a lack of fundamentals.

If you’re new to the term: a meme coin is a cryptocurrency inspired by internet culture and hype. It usually has minimal technical innovation and relies on community and narrative to attract traders.

Technical basics: Why Solana?

ALTCOIN is an SPL token on Solana, Solana’s equivalent to Ethereum’s ERC-20 standard. Solana is known for high throughput and very low fees, which makes launching and trading tokens fast and inexpensive. That’s why meme coins proliferate on Solana: the network’s efficiency lowers barriers to rapid experimentation and community trading.

• Consensus: Proof-of-History (PoH) combined with Proof-of-Stake (PoS)
• Speed and cost: High throughput, typically sub-cent fees
• Token standard: SPL tokens

Tokenomics and contract considerations

• Total supply: Not disclosed. Pump.fun tokens commonly use large fixed supplies (billions/trillions) to support tiny per-unit pricing.
• Distribution: Unknown. Without a whitepaper, allocations to team, liquidity, or community are not transparent.
• Audits: No audit information is available. Many Pump.fun tokens are unaudited, which can increase the risk of vulnerabilities or malicious code.

Common risks to check:

• Centralization: Concentrated holdings in a few wallets can lead to sudden price shocks.
• Liquidity: Thin pools can cause large slippage or make it hard to exit positions.
• Contract safety: Unchecked contracts may include hidden fees, blacklist functions, or other pitfalls.

Community and development

There’s no verified official website, X (Twitter), Telegram, or GitHub for ALTCOIN at this time. Activity tends to gather around trading venues and social feeds. The lack of clear team information, roadmap, or ongoing development suggests a speculative, short-term orientation typical of many Pump.fun launches.

Where to track and trade ALTCOIN

Always confirm the token address before trading: BYHXmnA3yjpdUDha52UprrC6a9qMcLvibv9kTLZVpump.

• GMGN.AI: A specialized meme token tracker and trading interface with real-time analytics. View ALTCOIN here: https://gmgn.ai/sol/token/fV1R5sZ5_BYHXmnA3yjpdUDha52UprrC6a9qMcLvibv9kTLZVpump
• Pump.fun: Launch and early trading venue for many Solana meme coins. Explore Pump.fun.
• Gate.io: Some data indicates trading visibility for altcoin; see Gate.io price page.
• Bitget Web3: On-chain swap interface that surfaces token data; see Bitget Web3 swap.

Also useful:

• Solana Explorer: Verify contract, holders, and transaction history on Solana Explorer.

Tip: Always double-check that the pool you trade in matches the correct token address to avoid imposters.

DYOR checklist (simple steps)

• Verify the address: Cross-check on Solana Explorer.
• Check holders: Look for unusually large wallets or concentration risks.
• Inspect liquidity: Confirm which DEX pool you’re using and how deep it is.
• Test small first: Make a small buy/sell to confirm transfers, taxes, and slippage.
• Watch for red flags: Trading restrictions, high transfer taxes, or paused trading can be warning signs.
• Follow sentiment: Track social mentions to gauge momentum, but don’t rely on hype alone.

Key risks

• Extreme volatility: Prices can move dramatically within minutes.
• Transparency: No whitepaper, team details, or roadmap increases uncertainty.
• Contract safety: Unaudited contracts can hide bugs or malicious functions.
• Liquidity: Shallow liquidity can lead to high slippage and hard exits.
• Regulatory: Meme coins may face evolving regulatory oversight.

Bottom line

Altcoin (ALTCOIN) on Solana is a textbook meme coin—fast-moving, narrative-driven, and high risk. The Pump.fun origin, lack of published utility, and rapid price swings underscore its speculative nature. If you choose to engage, use cautious position sizing, verify the contract address, and track liquidity before trading.