Welcome to Meme Insider! Today, we're taking a close look at a token making waves on the Solana blockchain with a rather... cheeky name: ASS&P 500.

What is ASS&P 500?

The ASS&P 500 token, with the symbol ASS&P 500 and the token address FRUnVTbSteDWYmn8URfsJkHYgfu9MDxjz7vwYj4fpump, lives on the Solana blockchain. Given its name, which is a clear humorous play on the famous S&P 500 stock market index, it's almost certainly designed to be a meme token. Meme tokens like this often grab attention by referencing popular culture, financial concepts, or brands for fun and speculation. It was first minted on May 14, 2025, and seems to be associated with Pump.fun, a platform popular for launching Solana meme tokens quickly.

Market Mania and Performance

This token saw some pretty wild action shortly after launch. Starting with an initial market cap around $37,000 on May 14, 2025, it exploded, hitting an all-time high (ATH) near $757,680 on the same day. That's a massive gain! Early investors could have seen returns up to 7.69x. The trading volume has been high, driven by speculative bets, with mentions of "smart money" wallets getting in early.

However, like most meme tokens, its price has been super volatile. You'll notice different platforms report different market data, which is typical for these kinds of tokens:

• Solscan: Reports a price around $0.0009064, market cap near $906,388.65, and a supply of about 999,964,029.82 with 2,521 holders as of May 15, 2025. Solscan tags it as "Meme" and "Pump.fun".
• DEXTools: Shows a live price around $0.000398 USD with a 24-hour volume of $2,715,175 USD.
• OKX: Lists the market cap as $745,937.33, circulating supply of 999,964,031 ASS&P 500, and 3923 holders.
• Phantom Wallet: Lists the price at $0.00027607.
• GMGN.AI: Shows a price of $0.00075219.

These discrepancies highlight just how quickly things can change and how different data sources aggregate information.

Technical Tidbits

ASS&P 500 is built on Solana's SPL standard, making it compatible with Solana wallets like Phantom and decentralized exchanges such as Raydium. While specific liquidity pool details aren't readily available, liquidity is likely pooled on DEXs. The reported 0% developer supply is seen as a positive, suggesting no tokens were reserved for the team, which can be good for decentralization. The holder count seems moderate for a new token, avoiding excessive concentration in just a few wallets. However, importantly, no audits or security reports were found, meaning the smart contract hasn't been formally checked for vulnerabilities.

Community Chatter and Vibe

The token definitely caught the crypto world's eye, especially on X (formerly Twitter). Influencers and trading groups were buzzing about it:

• @VrecoSignals mentioned a 15x gain.
• @DrTime_Memecoin gave tips for "degen" traders (those who embrace high risk).
• @jordancryptos noted a community forming and potential team promotion.

There was also lots of chat about it in Telegram groups. However, one major red flag is the apparent lack of an official website or verified social media accounts for the token itself, which limits transparency and makes it harder to gauge long-term community engagement. The sentiment is primarily focused on quick profits and riding the hype wave.

Risky Business: What to Watch Out For

Like nearly all meme tokens, ASS&P 500 comes with significant risks:

• Super High Volatility: Get ready for potential massive price swings, both up and down.
• No Real Use: Its value is based almost entirely on hype and speculation, not any practical function or utility.
• Rug Pull Danger: Without a doxxed team or audited contract, the risk of developers abandoning the project and disappearing with funds is higher.
• "Smart Money" Play: While early smart money involvement can pump the price, it can also mean they might sell off quickly, leaving retail investors holding the bag.
• Lack of Transparency: No official channels mean less information and accountability from whoever launched it.
• Potential Regulatory Glare: The name could attract attention, especially if it's seen as mimicking a major financial index without proper disclaimers or structure.
• Unaudited Contract: Hidden issues or mechanisms could exist in the smart contract code.

Comparing Notes

ASS&P 500 fits the mold of Solana's fast-rising meme tokens, like BONK or WIF, which saw huge early surges driven by community buzz. However, unlike tokens like DOGE or SHIB that developed larger ecosystems or narratives, ASS&P 500 currently lacks a clear long-term vision or utility beyond speculation.

Using Tools Like GMGN.AI

For those navigating the fast-paced meme coin market, platforms like GMGN.AI can be helpful. It's designed specifically for tracking and analyzing meme tokens across various blockchains, including Solana. Features include smart money tracking, real-time analytics, and security checks. If you're interested in ASS&P 500, GMGN.AI provides a dedicated page with information on its performance and trading options. You can find the ASS&P 500 page on GMGN.AI here. (Note: GMGN.AI charges a 1% transaction fee).

The Bottom Line

The ASS&P 500 token on Solana is a prime example of a speculative meme coin leveraging humor and hype for rapid market attention. Its quick jump to a significant market cap shows strong short-term interest, fueled by social media buzz and early "smart money." However, the severe risks associated with meme tokens – especially the lack of utility, transparency, and inherent volatility – are all present here. Approach with extreme caution, only investing funds you are prepared to lose completely. Always do your own research beyond the hype.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies, especially meme tokens, is highly speculative and carries significant risks, including the potential loss of your entire investment. Always conduct thorough research and consult with a qualified financial advisor before making investment decisions.