The BORAT token (symbol: BORAT) is a meme-inspired digital asset launched on the Solana blockchain, with the contract address 6SJKGhLtAEc9mnRfTwf5mLy9VAk9ojNEtoDL41QUbonk. While it borrows its theme from the iconic comedic character Borat, the token is not affiliated with Sacha Baron Cohen or any official Borat intellectual property.

Key Features of the BORAT Token:

• Pure Meme Appeal: Like many memecoins, BORAT’s attraction stems mainly from popular culture references and community-driven hype, rather than technological innovation or underlying utility.
• Blockchain Details: The token is a Solana Program Library (SPL) token, the standard for creating digital assets on Solana.
• Total and Circulating Supply: There are conflicting reports, with some sources listing a total supply of 690,000,000,000 BORAT (self-reported) while wallet tracker data hints at a supply closer to 100 billion. All available tokens are circulating.
• Modifiable Smart Contract: The creator has the ability to modify the contract. This includes the power to disable selling, alter transaction fees, mint new tokens, or transfer tokens. Because of this flexibility, users should always do their own research (DYOR)​ before trading or investing.

Buying and Trading BORAT:
To acquire BORAT, users need SOL (the native coin of Solana), a Solana-compatible wallet like Phantom, and access to a decentralized exchange (DEX) such as Raydium or Wagmie.co. The process involves swapping SOL for BORAT using the token’s contract address.

Market Data & Liquidity:

• Price Data: Reports show significant discrepancies. Solana Tracker shows $0.0000, while CoinMarketCap recently displayed about $0.051 per token.
• Trading Activity: As of the latest available data, there have been virtually no buy or sell transactions within the last 24 hours and overall liquidity is extremely low (about $2,025).
• Holder Concentration: A single wallet holds roughly 0.84% of the token supply, suggesting potential risks of centralization.

Community & Transparency:
Currently, BORAT lacks clear documentation, an official website, and a transparent team. There is no detailed whitepaper or confirmed roadmap, aside from broad mentions of meme contests and partnerships. The primary driver seems to be online community engagement.

Risk Factors to Consider:

• High Rug Pull Risk: Community voices on X (formerly Twitter) have flagged BORAT as a potential rug pull, meaning the token creator could drain funds and abandon the project. This is a notable risk in memecoin markets.
• Low Liquidity: Limited trading and low liquidity on DEXes make it hard for buyers or sellers to transact at fair prices.
• Lack of Official Information: The absence of verified data and project transparency raises concerns about long-term viability.
• Name Confusion: BORAT tokens also exist on other blockchains, such as Ethereum, with different supply and pricing. Always check the contract address before trading.

How to Stay Safe & DYOR:

• Use blockchain explorers like Solscan or Solana Explorer to verify contract activity and token distribution.
• Check real-time trading on DEXes, like Raydium and CoinMarketCap’s DEX Scan.
• Monitor social media for both positive and negative community sentiment.
• Pay special attention to security warnings from experienced blockchain users.

Context: Solana’s Meme Token Ecosystem
Solana is known for its ultra-fast, low-fee blockchain network. It runs on a combination of Proof of Stake (PoS) and Proof of History (PoH), making it a hotbed for meme tokens and rapid trading. Memecoins on Solana—like BORAT—often appear overnight and depend on viral trends rather than utility.

Summary
BORAT is a classic memecoin: all about entertainment and community, but with real, significant investment risks. Trading activity is almost non-existent, there’s a lack of transparency, and expert voices have issued rug pull warnings. If you’re exploring meme tokens, caution and research are absolutely essential.

Always double-check contract addresses, stay informed on real-time trading, and be ready to walk away if things seem unclear.

For more on meme token trends, tools, and safety tips, check out our guides on Meme Insider.