Hey there, blockchain enthusiasts! Let’s take a look at a fresh face popping up on the speedy Solana blockchain: pitcoin. This token, identified by the symbol $PITCOIN and the address CL2bvqdTtYQqhwQC1Ad5GZ7cedW9RrbtUK4AZs9Bpump, seems to be leaning heavily into the memecoin trend, fueled by internet culture and community vibes.

What is pitcoin?

At its core, pitcoin is a cryptocurrency token residing on the Solana network. Launched around May 7, 2025, it quickly positioned itself as a memecoin, often drawing inspiration from specific themes – in this case, the Pitbull Terrier breed, according to its official website pitcoin.wtf. The project aims to build a community around this theme, leveraging Solana’s known advantages: high speed and low transaction costs, which are pretty ideal for the fast-paced world of meme tokens.

The creators explicitly state that $PITCOIN is designed primarily for community amusement and entertainment. It doesn’t come with any inherent monetary value or the promise of financial returns, which is a common trait among pure memecoins.

Token Details at a Glance

• Token Name: pitcoin
• Token Symbol: pitcoin ($PITCOIN)
• Token Address: CL2bvqdTtYQqhwQC1Ad5GZ7cedW9RrbtUK4AZs9Bpump
• Blockchain: Solana
• Token Type: SPL Token (Solana Program Library standard)
• Creator: PitCwr…N1Dsm5 (Solscan)
• Developer Allocation: Reported as 0% on their website, suggesting no tokens were reserved for the team.

Market Snapshot and Trading

Like many tokens fresh out of the gate, pitcoin’s market data can vary depending on where you look, reflecting its early volatility.

• Launch Date: Around May 7, 2025.
• Circulating/Current Supply: Reports vary slightly, with Matcha citing 1 billion and Solscan showing a current supply close to that number (999,998,446.24).
• Liquidity: Matcha reported liquidity around $36.05k.
• Price & Market Cap: Figures fluctuated significantly on May 7th and 8th, 2025. Solscan listed a price near $0.0002807 with a market cap of $280,712.56 as of May 8th. Earlier on May 7th, figures ranged from $243.34K (Report 2) up to ~$1.3M (Report 3), showcasing the token’s volatility.
• Trading Volume (24h): Reported around ~$7.01M as of May 7, 2025, based on social media mentions.

You can find pitcoin available for trading on several decentralized exchanges (DEXs) on Solana:

• Pump.fun: Known for facilitating easy token launches and trading via bonding curves. pitcoin’s bonding curve progress was reported at 100%.
• Matcha.xyz: A DEX aggregator where you can swap pitcoin.
• Phantom Wallet: Allows buying and selling of pitcoin directly within the popular Solana wallet interface.
• PumpSwap: Another DEX mentioned as a trading platform.

Technical Side: SPL Token on Solana

As an SPL Token, pitcoin adheres to Solana’s standard for fungible tokens. This means it benefits from Solana’s core features:

• High Throughput: Capable of handling a massive number of transactions per second.
• Low Costs: Transactions on Solana are typically very cheap, making frequent trading more accessible.

The token is uniquely identified by its mint account (CL2bvqdTtYQqhwQC1Ad5GZ7cedW9RrbtUK4AZs9Bpump), which holds key data about the token supply. It likely uses Solana’s standard Token Program for managing operations like transfers.

Community Focus and Project Vision

The project website, pitcoin.wtf, emphasizes a community-driven movement centered around appreciation for Pitbull Terriers. They aim to distinguish themselves from other animal-themed coins and build a strong cultural presence on Solana. They also offer Pitcoin NFTs, potentially linking digital collectibles to token holding or engagement.

Important Considerations & Risks

Before getting involved with pitcoin (or any memecoin), it’s crucial to understand the risks:

• High Volatility: Memecoins are notoriously volatile. Their value is often driven by hype and sentiment rather than fundamentals, leading to rapid and unpredictable price swings.
• Speculative Nature: The primary use case is speculative trading and community engagement. There’s no complex technology or product backing the token’s value beyond market sentiment. The project explicitly states it has no inherent monetary value.
• “Unverified” Status: On platforms like Phantom, pitcoin is currently listed as unverified, which is a common flag for newer or less established tokens. Users should exercise extra caution.
• Limited Utility: Beyond trading and community interaction, the token currently lacks broader utility within the Solana ecosystem or elsewhere.
• Competition: The Solana memecoin space is crowded with established players like Bonk and Dogwifhat, making it challenging for new tokens to gain sustained traction.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies, especially memecoins, is evolving, and tokens on Solana have faced scrutiny in the past.

Tracking pitcoin

Several tools can help you keep an eye on pitcoin’s activity:

• Solscan: Provides comprehensive details on the token, transactions, holders, and more.
• Moralis DEX Feed: Useful for tracking trading activity, including potential whale movements.
• GMGN.AI: A platform specializing in tracking and analyzing meme tokens across chains like Solana, offering real-time data and tools. You can find pitcoin’s dedicated page here.

Conclusion

pitcoin ($PITCOIN) has quickly arrived on the Solana scene as a new memecoin aiming to rally a community around the pitbull theme. It leverages Solana’s efficient network for trading on various DEXs. While it has shown early market traction, its nature as a purely speculative asset with high volatility means it comes with significant risks. As with any memecoin, approach with caution and ensure you do your own thorough research before making any decisions.

Remember, this report is for informational purposes only and not financial advice. The world of memecoins is exciting but can also be unpredictable!