BIS Token on Solana: A Deep Dive into Believe In Something & Its Ecosystem

The token with the symbol "BIS" and the contract address 2GPJhV9jNrj7TaLYMRgWkcy6sTKLcwntv7nZ7qDyMRGM on the Solana blockchain holds a unique identity, being recognized by two prominent names: Believe In Something (BIS) and Based Intellect Standard (BIS). While its core ethos emerged from the inspiring "Stop trading and start believing in something" movement, it's also recognized as the native token of the "Based Intelligence" decentralized AI initiative. This report dives deep into the fascinating story, mechanics, and market dynamics of this intriguing Solana-based meme token.

The Genesis and Ethos of BIS

The journey of BIS began with a powerful sentiment: "Stop trading and start believing in something." This phrase gained significant traction, popularized by figures like "baproll" and "Murad," particularly during the notable growth of another token, SPX6900. Driven by this philosophy, the BIS token was initially minted in March by an anonymous figure known as @spxinsider. The creator's intention was to test whether a community would rally behind a coin purely on belief, without a traditional social media presence. This experimental launch initially led to a decline in attention, but on October 6, 2024, a dedicated community stepped forward and claimed ownership, breathing new life into the project.

Simultaneously, the token has gained recognition as "Based Intellect Standard," linking it to the "Based Intelligence" project, which emphasizes decentralized AI and community engagement. While specific whitepapers detailing its exact objectives are limited, the dual identity highlights its roots in both community sentiment and a burgeoning AI-focused narrative within the meme token space.

Tokenomics at a Glance

As of early June 2025, the Believe In Something (BIS) token maintains a market capitalization of approximately $418K to $419K. Its tokenomics are straightforward, emphasizing a fixed and fully circulating supply:

Total Supply: Around 999.69 million to 999.70 million tokens.
Circulating Supply: Almost the entire total supply, approximately 999.69 million to 999.70 million, is in circulation.
Max Supply: A hard cap of 999.71 million tokens ensures no new tokens will ever be created.
Holders: The community of BIS believers and holders is growing, with approximately 2,552 to 2,615 holders as of early June 2025.
Daily Trading Volume: The 24-hour trading volume typically ranges from $1.4K to $7.7K, reflecting its status as a niche, community-driven asset.

Crucially, the token's mint authority is disabled, meaning no additional tokens can be minted, and its freeze authority is also disabled, preventing tokens from being frozen. This ensures a truly decentralized and immutable supply.

Where to Trade and Current Liquidity

For those looking to engage with the BIS token, it's readily available on various Solana-based decentralized exchanges (DEXs) and platforms. You can buy and trade BIS using Solana-compatible wallets like Phantom.

Key trading venues include:

The primary trading pairs for BIS on Raydium are BIS/SOL and BIS/SPX. Current liquidity for the BIS/SOL pair on Raydium stands at approximately $101.55K, composed of about 118.06 million pooled BIS ($51,635.82) and around 346.5 pooled SOL ($51,513.77). This liquidity supports relatively smooth trading, though market participants should always consider volume when executing large orders.

Security Posture

As of May 28, 2025, an independent security assessment by QuillCheck awarded the Believe In Something token an overall score of 76.47%. This score reflects several key security features inherent to its design as an SPL token on Solana:

Token Minting Authority is Disabled: No new tokens can be created, ensuring a fixed supply.
Token Freezing Authority is Disabled: Tokens cannot be frozen, guaranteeing holders full control over their assets.
Token Metadata is Immutable: The token's core information cannot be altered.
Transfer Fee is not Modifiable: Any potential transfer fees are fixed and cannot be changed by an authority.

While these are strong security indicators, it's worth noting that the token is currently unverified on some platforms. Users are always advised to exercise caution and only interact with tokens they trust. Official audits are listed as "Coming Soon," which, if completed, would further enhance transparency and trust.

Community and Social Footprint

Despite its unconventional launch without a direct social media presence, the Believe In Something (BIS) token has successfully cultivated a community and established a digital footprint. Its growth is primarily driven by grassroots enthusiasm and the shared "belief" among its holders.

You can connect with the BIS community and follow updates on:

Twitter
Reddit
Facebook
The "Based Intelligence" project, which identifies BIS as its native token, also shares updates via their X account, focusing on AI initiatives and community engagement.

The community's role has been pivotal, especially since claiming ownership on October 6, 2024, demonstrating the power of decentralized support in the meme token space.

Historical Price Insights

Like many meme tokens, BIS has experienced considerable price volatility throughout its history. Understanding its past performance can offer context for its current market dynamics:

7 days: High of $0.0006, Low of $0.000378.
30 days: High of $0.0007, Low of $0.000378.
1 year: High of $0.0191, Low of $0.000297.
5 years: High of $0.0191, Low of $0.000297.

The all-time high price for BIS was recorded at $0.018848 on October 14, 2024. These fluctuations are typical of speculative assets, emphasizing the importance of thorough research and risk management for potential investors.

BIS within the Solana Ecosystem

BIS thrives on the Solana blockchain, a high-performance Layer 1 network renowned for its remarkable scalability and efficiency. Solana's architecture, leveraging innovative consensus mechanisms like Proof of History (PoH) and Proof of Stake (PoS), enables it to process up to 50,000 transactions per second (TPS) with exceptionally low fees. This makes Solana an ideal environment for meme tokens like BIS, facilitating rapid and cost-effective trading that appeals to a broad base of users.

As an SPL token (Solana Program Library), BIS benefits from Solana's robust infrastructure, integrating seamlessly with various Solana-compatible wallets such as Phantom and Solflare, as well as hardware wallets like Ledger for enhanced security. Its presence on major Solana DEXs like Raydium and Jupiter further embeds it within the vibrant Solana DeFi landscape.

Navigating Risks and Recommendations

Investing in niche and meme-driven tokens like BIS carries inherent risks. Potential participants should be aware of:

High Volatility: Prices are often driven by sentiment and speculation, leading to rapid and unpredictable swings.
Low Liquidity: While liquidity exists, lower trading volumes compared to major assets can make it challenging to enter or exit positions quickly without significant price impact.
Lack of Detailed Documentation: The absence of a comprehensive whitepaper or official roadmap can make it difficult to assess the project's long-term vision and utility beyond its community appeal.
Scam Potential: The meme token space on Solana is susceptible to scam projects. Always double-check the exact token address to ensure you're interacting with the legitimate BIS token.
Network Stability: While Solana has improved, past network outages highlight potential risks for operations on the blockchain.
Competition: The broader crypto market and the Solana ecosystem are highly competitive, which can impact visibility and adoption.

For investors, it is crucial to:

Verify the Token Address: Always confirm the token's contract address (2GPJhV9jNrj7TaLYMRgWkcy6sTKLcwntv7nZ7qDyMRGM) to avoid imposters.
Use Secure Wallets: Store your BIS tokens in reputable, non-custodial wallets like Phantom or hardware wallets.
Assess Your Risk Tolerance: Only invest capital you are prepared to lose, given the speculative nature of meme tokens.
Monitor Community Channels: Stay updated on project news and sentiment by following official social media channels.

Enhancing Your BIS Trading with GMGN.AI

For users interested in tracking and trading meme tokens like BIS with greater precision, platforms like GMGN.AI offer advanced tools. GMGN.AI is designed to help navigate the volatile meme token market by providing features such as:

Meme Token Analysis and Trading: Specializing in tracking meme tokens across multiple blockchains.
Smart Money Tracking: Follow the wallet activities of top investors to identify potential opportunities.
Automated Trading: Automate buy/sell actions and replicate strategies from successful wallets (requires linking a Telegram account via https://t.me/gmgnaibot?start=i_fV1R5sZ5).
Security Checks: Identify risks like honeypots or high transaction taxes for safer trading.
Cross-Chain Compatibility: Trade seamlessly across various blockchains with minimal costs.

GMGN.AI operates with a flat 1% transaction fee and does not require subscription services for its premium features. You can explore BIS's dedicated page on GMGN.AI for comprehensive information on its performance, trends, and trading options: https://gmgn.ai/sol/token/fV1R5sZ5_2GPJhV9jNrj7TaLYMRgWkcy6sTKLcwntv7nZ7qDyMRGM. It serves as a valuable resource for real-time insights and risk management in the dynamic meme token landscape.