So, you've heard about the CONCLAVE token swirling around the Solana blockchain? It's definitely one that caught our eye. As former editors at CoinDesk now deep-diving into the meme coin world at Meme Insider, we're here to break down what we know about this token, straight from the latest research.

CONCLAVE is operating on the Solana blockchain, known for its speed and low costs, which makes it a hotbed for meme tokens. While the primary symbol often cited is CONCLAVE, one report also refers to it sometimes as Elected. The token address you'll find associated with it is C8rtqbshDpUFnJ3K5R15TP7UGuR8nQbbvsinpK5cpump.

What's the Story? The Meme Narrative

From what we can gather, CONCLAVE leans heavily into its meme status. One interesting narrative links it to the election of the Pope, suggesting it might have emerged from online discussions anticipating news about papal succession or health. This creates a unique cultural hook, adding to the speculative buzz that often drives meme coins. Another perspective describes it with a playful theme around a "wise council of meme lords" uniting for "power, unity, and dankness." Both narratives position CONCLAVE firmly within the community-driven, often humorous world of memecoins on Solana.

Checking the Market Pulse

Keeping track of meme coin stats can be like watching a rollercoaster, and CONCLAVE is no different. Here’s a snapshot of its market data based on recent reports, keeping in mind these figures can change rapidly:

• Market Cap: Reports from early May 2025 show quite a range, reflecting volatility and possibly different tracking methods. Figures varied from roughly $70,000 to $1.9 million within just a few days. As of May 7, 2025, estimates ranged between $105.85K and $123.44K, though another report on May 6, 2025, cited a much lower $4.76K. This variation highlights the dynamic nature of this token.
• Total Supply: The supply is reported to be approximately 999.9 million tokens, with the circulating supply around the same figure.
• Holders: Around 400 holders were noted as of May 7, 2025.
• Price: Prices also varied, reported around $0.00010629 or $0.00000477 on May 7, 2025, and $0.00005275 (for Elected/SOL) on the same date.
• Trading Volume: 24-hour trading volume was seen between approximately $27.31K and $527K, with one report specifically citing $55,125.01 for Elected/SOL.
• Liquidity: One liquidity pool on Raydium was reported to have $46,863.50 in liquidity.

Platforms like Birdeye, GeckoTerminal, and DEX Screener are useful places to find more current price charts and trading history for Solana tokens.

Under the Hood: Technical Bits

CONCLAVE is built as an SPL token, following the standard for fungible tokens on Solana. This makes it compatible with Solana wallets and decentralized exchanges (DEXs). It likely utilizes the newer Token-2022 Program, which can offer more features than the original standard, though specific details for CONCLAVE aren't publicly available.

Like other SPL tokens, you'll need an Associated Token Account (ATA) in your Solana wallet to hold CONCLAVE.

A key piece missing is official documentation like a whitepaper or detailed tokenomics. It's unclear if there's a fixed supply cap, burning mechanisms, or how initial token distribution occurred.

Where to Trade and Track?

Being a Solana token, CONCLAVE is traded on Solana-based DEXs. You might find it on platforms like Raydium, Orca, FluxBeam, or potentially Jupiter. Its association with "pump" in its address suggests it might have launched on platforms like Pump.fun, popular for quick meme coin launches.

For tracking, beyond the explorers like Solscan and data sites mentioned earlier, platforms specifically designed for meme coins can be helpful. GMGN.AI is one such platform that specializes in tracking and analyzing meme tokens across various chains, including Solana. They offer tools like smart money tracking and real-time analytics, and you can find CONCLAVE listed on their site here.

Community Vibe

Analyzing social media gives us a peek into the community sentiment. Recent posts on X (formerly Twitter) show mixed reactions:

• Positive: Some users highlight its market cap growth, see it as a playful meme coin, and promote trading activity via platforms like DEXScreener and trading bots.
• Negative: Concerns have been raised about potential "clusters of insiders" and warnings labeling the token as "scammy," advising caution due to potential market manipulation.

Interestingly, a clear official social media presence (like a main X account, Telegram, or Discord) wasn't readily identified, suggesting visibility might be driven more by third-party traders and promoters than a structured project team or community effort.

As a side note, there's an unrelated event called "ABC Conclave" mentioned, focusing on Web3, blockchain, AI, and gaming, which shows the broader interest in the crypto space but isn't tied to the CONCLAVE token.

What Are the Risks?

Like most meme tokens, CONCLAVE comes with significant risks you should be aware of:

• High Volatility: Meme coins are notorious for extreme price swings. The rapid rise and fall in market cap observed in reports are clear indicators. You could see huge gains or lose your entire investment very quickly.
• Narrative Dependence: The value is heavily tied to its meme narrative (Pope, meme lords, etc.). This kind of hype can fade fast, impacting the price unpredictably.
• Lack of Transparency: No official website, whitepaper, or identifiable team is a major red flag. This makes it hard to understand the project's true purpose, token distribution, and long-term plans (if any).
• Insider Concerns: Warnings about insiders suggest potential risks of "pump and dump" schemes where large holders might manipulate the price.
• Regulatory Uncertainty: The broader crypto space, including tokens on Solana, faces potential regulatory changes, which could impact even meme coins.
• Technical Risks: While Solana is generally robust, outages can occur. Also, without code audits, potential vulnerabilities in the token's smart contract remain a risk.

Wrapping It Up

CONCLAVE is a meme token on Solana with a distinctive, often humorous narrative. It's seeing speculative trading activity and has experienced rapid market cap fluctuations. While it exists on a high-performance blockchain and can be traded on popular DEXs, the significant lack of transparency, potential insider issues, and inherent meme coin volatility make it a high-risk asset.

Before even considering trading CONCLAVE, do your own thorough research. Use blockchain explorers like Solscan to look at token distribution and transaction history. Be extremely cautious, only invest what you can afford to lose, and remember that the value of meme tokens is primarily driven by hype and sentiment, not fundamental utility.

Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Investing in cryptocurrencies is highly speculative and risky, and you could lose your entire investment.