Hey crypto enthusiasts! Let’s talk about the DOOM token, a meme coin that’s popped up on the Solana blockchain. If you’re navigating the fast-paced world of meme tokens, especially on Solana with its speedy transactions and low fees, you’ve probably heard whispers about DOOM.

This report is based on publicly available info and aims to give you a clear picture of what DOOM is, its potential, and, crucially, the risks involved. Remember, meme coins are notoriously volatile and often lack the fundamental backing you might find in other crypto projects.

What is the DOOM Token?

The DOOM token is a cryptocurrency operating on the Solana blockchain. It’s identified by the symbol DOOM and lives at the contract address 7RhcnEJ4Nz5BNkUg5V5vWZaGGiFgnTjEPvLFYLGfbonk.

From what we can tell, DOOM is marketed primarily as a meme coin. You’ll often see it described on social media, like X (formerly Twitter), as a “new Solana meme coin” driven by social media hype and community interaction. Its unofficial tagline seems to be “The Ultimate YOLO Token,” which really leans into that high-risk, high-reward, embrace-the-chaos vibe common in the meme coin space.

Unlike many traditional crypto projects, there doesn’t seem to be an official whitepaper or detailed roadmap available for DOOM. This isn’t uncommon for meme coins, which often prioritize community momentum over formal documentation, but it’s something to keep in mind.

Market Snapshot

Getting a precise read on meme coin market data can be tricky, as numbers can vary slightly between platforms and change rapidly. Here’s what we’ve gathered from recent reports:

• Token Symbol: DOOM
• Token Address: 7RhcnEJ4Nz5BNkUg5V5vWZaGGiFgnTjEPvLFYLGfbonk on Solana
• Market Capitalization: Reports vary, showing figures around $4.02K (as of May 5, 2025) and $2.56K (as of May 4, 2025), and more recently around $1.45M to $1.85M (as of May 13, 2025). This jump highlights significant volatility.
• Circulating Supply: Estimated to be between 955.4 million and 996.29 million DOOM tokens.
• Maximum Supply: Interestingly, reports indicate DOOM does not have a defined maximum supply, meaning new tokens could potentially be created.
• Liquidity Pool: Recently reported around $154.28K. Note that one report flagged low liquidity initially, which can make trading difficult and increase price impact.
• 24-Hour Trading Volume: Around $2.63M as of May 13, 2025, showing active trading interest.
• Holder Count: Reported at 646 holders, indicating a relatively small but potentially growing community.
• 24-Hour Price Delta: One report mentioned a staggering +1051.90% price increase in 24 hours, a clear sign of extreme volatility.

It’s always recommended to verify these figures on real-time platforms like DexScreener, CoinMarketCap, Raydium, or Orca.

Where Can You Find and Trade DOOM?

DOOM can be bought and traded on various cryptocurrency platforms that support Solana tokens. Wallets like Phantom are popular choices for interacting with the Solana ecosystem and decentralized exchanges (DEXs).

For tracking and potentially trading meme tokens like DOOM, platforms designed for this specific market can be useful. GMGN.AI, for example, is a platform that specializes in tracking, analyzing, and trading meme tokens across chains including Solana. It offers features like smart money tracking and real-time analytics. You can find information specific to DOOM on GMGN.AI’s DOOM page. Keep in mind that GMGN.AI charges a 1% transaction fee.

Community and Social Buzz

As a meme coin, DOOM heavily relies on social media, especially X, to build hype and community engagement. It’s branded with a high-energy, risk-taking image. Sentiment on social media appears mixed, with some users hyping it as an “alpha” opportunity with significant whale activity, while others sound alarm bells about potential scam risks.

While there are mentions of potential collaborations, specific details and confirmed partnerships, especially with art-related IPs, weren’t readily available in the reports. The lack of an official website or verified main social media accounts makes assessing credibility challenging.

Crucial Risks to Consider

Investing in DOOM, like most meme coins, is highly speculative and comes with significant risks. Here are some key warnings highlighted in the research:

1. Potential Scams: Serious warnings have been raised about the token’s structure, including reports that the liquidity pool is mostly unlocked. This is a major red flag as it increases the risk of a “slow rug pull,” where developers could gradually drain funds from the liquidity pool.
2. Developer Transparency: Allegations suggest that the same developer wallet used for DOOM also funded a test token (ELQ2ho7YfUsS99kmf4NUdZrqBY189YQgVc4UfnCkbonk). This lack of separation raises questions about the development team’s intentions and transparency.
3. Suspicious Activity: Transaction patterns like “bundling” have been flagged as potential indicators of manipulative trading practices.
4. Extreme Volatility: The reported price surge of over 1000% in a day demonstrates the extreme price swings possible. While this can mean massive gains, it also means the potential for massive losses is just as high.
5. Lack of Fundamentals: Without a clear whitepaper, roadmap, or real-world utility, DOOM’s value is almost entirely driven by speculation, social media hype, and community sentiment. This makes it highly susceptible to sudden and drastic price drops if interest wanes.
6. Low Liquidity: Some initial reports indicated low liquidity, which can make it difficult to sell your tokens without significantly impacting the price. While recent reports show higher liquidity pool numbers, it’s still a factor to monitor.
7. Unverified Status: The token has been listed as “unverified” on some platforms, which means it hasn’t undergone certain checks or met specific criteria, adding another layer of risk.

Tools like Solscan, RugCheck, and TokenSniffer can be helpful for auditing the token contract and checking for known vulnerabilities or red flags. Monitoring developer wallet activity on explorers like Solana Explorer is also a good practice.

Conclusion

The DOOM token on Solana embodies the high-octane, high-risk nature of meme coins. It leverages Solana’s efficient network for quick trading and relies heavily on social media hype and community engagement. While it has seen notable price movements and trading volume, the significant warnings about unlocked liquidity, potential scams, developer transparency issues, and extreme volatility make it a highly speculative and dangerous investment.

Navigating meme coins requires a strong understanding of the risks. Always do your own thorough research (DYOR) and never invest more than you can comfortably afford to lose. The world of meme tokens can be exciting, but caution is paramount.

Disclaimer: This article is for informational purposes only and should not be considered financial advice. Investing in cryptocurrencies, especially meme tokens, carries significant risks, including the potential loss of your entire investment. Prices are highly volatile and can be influenced by speculation and social media sentiment. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.