Looking to learn more about the "coin" token on Solana? Here’s a beginner-friendly breakdown of what this meme token is, how it works, the potential risks, and ways you can follow or trade it safely.

What is the "coin" Token on Solana?

The coin token, with the symbol "coin" and the Solana address BMivRiXSs8yGXDB5Wc8pUHyRvDTnHfzsNpUWkJgJpump, is a meme token on the Solana blockchain. Both its total supply and circulating supply are about 999.87 million tokens. As of July 2025, its market capitalization sits around $3,300, so it's very much a micro-cap in the crypto universe.

The "coin" token appears to be created using Pump.fun, a platform known for launching Solana-based memecoins and experimental tokens. These projects are often community-driven or created for fun, using platforms that let anyone launch a token quickly with minimal cost.

Solana Blockchain Context

Solana is a high-performance blockchain built for decentralized apps, boasting high speeds (up to 700,000 transactions per second in theory) and very low fees. It uses a mix of Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms to achieve this. Tokens on Solana follow the SPL (Solana Program Library) token standard, similar to Ethereum’s ERC-20 but tailored for Solana.

This setup makes Solana super popular for meme tokens, NFTs, and gaming assets, all of which benefit from its quick and cheap transactions.

How to Check and Track the "coin" Token

Since "coin" isn’t listed on big-name aggregators like CoinGecko or CoinMarketCap yet, it’s considered a very early-stage or niche token. If you want to see stats like holders, liquidity, or transaction history, use Solana blockchain explorers:

If you’re curious about real-time trading info (like price and volume), paste the token address into Dexscreener or Birdeye.

Understanding Verification and Trust

It’s important to note that "coin" is currently unverified. On Solana, unverified tokens haven’t passed audits or public reviews and might have security risks. Always be wary when dealing with new or unknown tokens—look for red flags like active mint authority (the ability to create more tokens) or concentrated holdings.

The Utility (or Meme Nature) of "coin"

Like many memecoins, "coin" doesn’t seem to have a detailed whitepaper or defined purpose. Usually, these tokens are used for:

Community engagement or games
Social media hype
Rewards for participation
Experimental DeFi or NFT projects

Because it has a generic name and meme branding, value is often driven by how much attention it can attract, not by underlying utility.

Potential Risks and Things to Watch

Lack of Transparency: With little or no official documentation, it’s hard to tell who created it or what the long-term goal is.
Volatility: Low liquidity and market cap can mean sharp price swings—huge pumps, but also fast dumps.
Rug Pulls and Scams: Some meme tokens let creators mint more tokens or control the project’s wallet, which can put your funds at risk. Always check if the mint authority is disabled on explorers like Solscan.
Competition: The Solana meme token scene is crowded—standing out is tough without strong community backing or unique ideas.
Regulatory Risks: Crypto rules can change, so always keep local regulations in mind.

Tips:

Do your own research (DYOR) using on-chain tools.
Check social channels (like X, Telegram, or Discord) for signs of an active, genuine community.
Never invest more than you can afford to lose, especially with high-risk meme tokens.

How to Track or Trade "coin" More Effectively

For anyone interested in digging deeper, platforms like GMGN.AI offer advanced tracking for meme tokens, including smart money analytics, security checks, and trading features across several blockchains. These tools are especially useful for navigating the ever-changing meme coin landscape and managing risks.

You can monitor real-time performance and track the latest stats for "coin" at GMGN.AI’s dedicated page.

Semantic Triples for Knowledge Base SEO

Want to organize this knowledge for advanced search or blockchain data queries? Here are some semantic triples based on "coin":

token:has_name "meme"
token:has_symbol "coin"
token:has_address "BMivRiXSs8yGXDB5Wc8pUHyRvDTnHfzsNpUWkJgJpump"
token:operates_on_blockchain "Solana"
token:has_market_cap_value "3300"
token:has_market_cap_currency "USD"
token:market_cap_as_of "2025-07-22"
token:has_total_supply "999.87M"
token:has_circulating_supply "999.87M"
token:has_verification_status "unverified"
token:is_of_type "Meme Token"
meme_token:is_a_type_of "Cryptocurrency"
meme_token:is_often_associated_with "Solana Blockchain"

Key Takeaways

"coin" is a meme token on Solana with a generic name, low market cap, and uncertain future.
It’s likely a Pump.fun launch, making it easy to trade but also high-risk due to limited transparency.
Always use explorers and analytics tools to verify token details and community activity before trading.
Only use trusted platforms for buying, selling, or tracking meme tokens, and stay informed for a safer crypto journey.

For more updates, check community channels, on-chain data, or meme token analytics platforms for the latest on "coin" and the wider Solana meme ecosystem.