The world of meme tokens is constantly buzzing, and the Solana blockchain has become a hotbed for new, rapidly emerging assets. One such token that’s been grabbing attention is the GNOM token, identified by the symbol GNOM and the Solana contract address 86qGKBNwxJjijTakNcXw5bcffd2EtzfPjtxVVRxCpump. Let’s take a closer look at what we know about this token, piecing together information from various reports.

What is the GNOM Token?

Based on available information, the GNOM token is primarily a meme token launched on the high-performance Solana blockchain. Meme tokens are a type of cryptocurrency often characterized by their lack of clear utility beyond speculative trading and community engagement, often driven by social media trends and internet culture. The name “GNOM” itself suggests a theme perhaps tied to gnome-related memes or humor, though no official documentation explicitly confirms this.

It appears the token was likely created using a platform like Pump.fun, which allows users to quickly deploy SPL tokens (Solana Program Library tokens, similar to Ethereum’s ERC-20 tokens) with minimal coding. This ease of creation contributes to the rapid influx of new meme coins on Solana.

Key Details and Characteristics

Here’s a breakdown of the known technical details and reported characteristics of the GNOM token:

• Token Symbol: GNOM (Sometimes referred to simply as “gnom” or “Gnome Child”).
• Token Address (Solana): 86qGKBNwxJjijTakNcXw5bcffd2EtzfPjtxVVRxCpump. This is the unique identifier for the token on the Solana network. You can often find more details about it on a Solana blockchain explorer like Solscan.
• Blockchain: Solana. Solana is chosen for its fast transaction speeds (up to 65,000 per second) and very low transaction fees (typically less than $0.01), which are attractive for high-frequency trading activities common with meme coins.
• Token Standard: SPL Token. This is the standard used for creating fungible tokens on Solana.
• Inspiration: Some reports mention the token is inspired by a “rebellious gnome with a knack for stirring chaos,” appealing to those who enjoy playful anarchy.
• Total Supply: One report indicates a massive total supply of 420 trillion GNOM tokens. Another report, however, lists the total supply as unknown. The 420 trillion figure is often associated with meme coins referencing internet culture.
• Circulating Supply: The self-reported circulating supply is also stated as 420 trillion tokens in one source, matching the total supply.
• Taxes: Reports suggest there are no taxes associated with buying or selling the GNOM token.
• Liquidity and Contract Status: Some sources report that the liquidity pool has been burned, and the contract has been renounced. Burning the liquidity pool means the initial capital paired with the token is permanently locked, and renouncing the contract means the original creator gives up control, potentially preventing malicious actions like minting new tokens. However, other reports list the mint authority as unknown, suggesting this might not always be the case or is hard to verify clearly on explorers without metadata.

Market Presence and Trading

Like many tokens launched on platforms like Pump.fun, GNOM is traded on decentralized exchanges (DEXs) within the Solana ecosystem. Reports mention it being available on platforms such as Raydium and Jupiter.

Market data from late April 2025 showed significant volatility, typical of new meme coins:

• Reported market cap figures varied widely, ranging from around $60,000 to over $120,000.
• 24-hour trading volumes were reported in the tens of thousands of dollars, although one figure cited a much higher amount, possibly due to a typo or exaggerated reporting.
• Price changes over 24 hours showed massive gains, sometimes over 600%, highlighting extreme volatility.

The number of holders reportedly grew rapidly in a short period, suggesting increasing interest. However, reports also noted that a significant portion of the token supply (over 60%) was held by the top 20 addresses, indicating a high concentration of wealth.

Much of the discussion and promotion around GNOM seems to occur on social media platforms like X (formerly Twitter), with trading bots and speculative accounts highlighting price movements and “smart money” activity to attract potential buyers.

Risks and Concerns

Investing in meme tokens like GNOM comes with significant risks, many of which are amplified by their nature and the platforms they are launched on:

• Lack of Transparency: There is no official website, whitepaper, or public team associated with GNOM. This lack of documentation and known developers makes it difficult to understand the project’s purpose (beyond speculation), potential future, or overall legitimacy.
• Liquidity Issues & Rug Pulls: While some reports mention burned liquidity, others indicate low or even $0 liquidity. Low liquidity makes the token price highly susceptible to manipulation and increases the risk of a “rug pull,” where developers or large holders suddenly sell off their tokens, draining the liquidity pool and leaving other investors with worthless tokens. Tokens launched on Pump.fun are particularly known for this risk profile.
• Market Manipulation: High volatility, concentrated holdings among a few addresses, and the reliance on social media hype and trading signals create a fertile ground for pump-and-dump schemes, where early investors artificially inflate the price before selling off.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies, especially meme tokens, is still evolving. Some Solana-based tokens have faced scrutiny from regulators like the SEC, potentially classifying them as unregistered securities. While GNOM hasn’t been specifically named, similar tokens could face regulatory challenges.
• Solana Ecosystem Risks: While Solana offers advantages, users should be aware of broader security threats targeting the network, such as malware that can compromise wallet security.

Community and Sentiment

The community presence for GNOM appears largely centered around trading activity on platforms like X. Sentiment is heavily driven by speculative narratives, focusing on price gains and trading signals rather than project development or utility. The lack of official channels like a dedicated Discord or Telegram suggests limited organized community building beyond the trading aspect.

Tools for Tracking Meme Tokens

For those interested in tracking volatile meme tokens like GNOM, platforms specializing in this niche can be helpful. One mentioned in research reports is GMGN.AI. This platform is designed for analyzing and trading meme tokens across multiple blockchains, including Solana.

GMGN.AI offers features like:

• Tracking meme tokens across chains (Ethereum, Solana, Tron, Base, Blast).
• “Smart money” tracking to see what large investors are doing.
• Real-time analytics and automated trading options (requires linking a Telegram account via their bot).
• Security checks to identify potential risks.

You can find specific information and trading options for the GNOM token on its dedicated page on GMGN.AI here. Keep in mind that platforms like GMGN.AI may charge fees (like a 1% transaction fee mentioned) and operate within the high-risk meme coin trading environment.

Conclusion and Recommendations

The GNOM token (86qGKBNwxJjijTakNcXw5bcffd2EtzfPjtxVVRxCpump) on the Solana blockchain is a prime example of a high-volatility, high-risk meme coin. While it leverages Solana’s speed and low costs and has seen rapid initial interest and price pumps fueled by speculative trading and social media hype, it suffers from significant drawbacks: lack of transparency, absence of utility, and substantial risks related to liquidity, potential manipulation, and the inherent nature of tokens launched on platforms like Pump.fun.

For anyone considering interacting with GNOM or similar tokens, extreme caution is advised. Here are some key recommendations:

1. Verify Token Authority: Use explorers like Solscan to check if the mint authority for the token address 86qGKBNwxJjijTakNcXw5bcffd2EtzfPjtxVVRxCpump has been revoked. If not, the creator could potentially mint more tokens.
2. Assess Liquidity: Check the liquidity pool size on DEXs like Raydium or Jupiter. Very low liquidity is a major red flag for potential rug pulls.
3. Monitor Community & Legitimacy: Look for official project channels (X, Telegram, Discord). Absence or inactivity often indicates a lack of long-term intent.
4. Limit Your Exposure: Due to the extremely high volatility and risk of total loss, only invest capital you can afford to lose entirely.
5. Stay Informed: Monitor reliable data sources like blockchain explorers (Solscan), DEX trackers (DEXScreener), and reputable crypto news outlets. Filter out promotional noise from speculative accounts.

Ultimately, the value of GNOM is currently purely speculative, driven by market sentiment rather than underlying fundamentals. Proceed with caution and conduct thorough due diligence before engaging.