Gooncoin (often referred to by symbols GOON or GOONC) is a meme-inspired cryptocurrency built on the Solana blockchain. The token aims to capture community hype and social media engagement, tapping into internet subcultures and the growing market for high-risk, speculative digital assets.

Important Note: The token address most commonly attributed to "Gooncoin"—3cVapUxMFr7xjpBL3ih8uHTfcCj4xsAXuBDCGtN4bonk—actually corresponds to the established Solana meme coin BONK on block explorers like Solscan. There are, however, active tokens named Gooncoin (with different addresses and symbols like GOONC or GOON) trading on the Solana network. This article will clarify these differences and help you navigate the Gooncoin landscape.

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What is Gooncoin?

Gooncoin is a meme coin designed to leverage internet humor and community-driven hype. The theme draws from the “gooning” phenomenon—a niche subculture with a provocative origin—used mainly for branding and viral marketing. Like many meme tokens, Gooncoin doesn't promise complex technical innovation or strong fundamentals; its value is derived largely from market excitement and speculation.

Key Technical Info

• Token Name: Gooncoin
• Token Symbol: GOONC or GOON
• Token Address: Most listings cite 3cVapUxMFr7xjpBL3ih8uHTfcCj4xsAXuBDCGtN4bonk (which is actually BONK), but Gooncoin also exists as ENfpbQUM5xAnNP8ecyEQGFJ6KwbuPjMwv7ZjR29cDuAb (GOONC) and 8cyS5xMeWSCAKSe5QpQ5XMfvxRCcSj3mbHtbtyrqk7RA (GOON)
• Blockchain: Solana (using the SPL token standard)
• Decimals: Typically 6
• Total Supply: Varies by version; most common is around 999.94 million or 10 billion GOON
• Launch Date: Reportedly May 2025 or April 13, 2025, depending on the source
• Holders: Typically ranges from under 100 to several thousand, with major discrepancies across listings

Origins and Launch

Gooncoin first gained traction through the Believe App’s LaunchCoin mechanism, a tool that lets users launch Solana tokens via social media. The launch was community-driven, with the handle @basedalexandoor credited for igniting the hype.

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Market Performance and Trading Venues

Gooncoin, like other meme tokens, is known for its sharp price swings and heavy reliance on social sentiment. Let's break down the market data and trading activity:

Market Highlights

• Market Capitalization: Ranges from approximately $14,000 to $857,260 USD for the GOONC variant.
• Current Price: Priced as low as $0.00000575 up to $0.000607 USD, depending on the version and day.
• All-Time High: As high as $0.070101, with some tokens dropping over 97% from peak levels.
• Trading Volume: Can reach millions in 24-hour volume, despite the low overall market cap—indicating high volatility and speculative interest.
• Liquidity: Limited, which means large buys or sells can dramatically impact the price.

Trading and Wallets

Gooncoin is available for trading on both decentralized and centralized exchanges, including:

• Meteora
• Raydium
• MEXC
• XT.COM
• Phantom Wallet (for management and in-wallet swaps)
• Binance (listed under GOONC, with varying liquidity)

Additionally, you can track, analyze, and trade Gooncoin easily on GMGN.AI, a comprehensive meme token platform supporting Solana and other major chains.

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Important Discrepancies and Risks

Address Confusion

• The most-cited token address (3cVapUxMFr7xjpBL3ih8uHTfcCj4xsAXuBDCGtN4bonk) is actually associated with BONK, not Gooncoin, which can create confusion for new investors. Always verify token contracts before buying or trading.

Market and Technical Risks

• Extreme Volatility: Meme tokens like Gooncoin can experience price swings of 50% or more in a single day.
• Liquidity Constraints: Selling large amounts may not be possible without significantly impacting the price.
• Lack of Project Transparency: Little to no public documentation or formal roadmap exists. Most Gooncoin tokens are unverified by major Solana wallets such as Phantom.
• Speculative Trading: Value is driven by short-term hype and not by any intrinsic use or utility.
• Potential for Scams and Manipulation: Low-cap meme coins are susceptible to pump-and-dump schemes and other forms of market manipulation.

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How to Proceed and Stay Safe

1. Always Double-Check Token Addresses: Use tools like Solscan or Raydium to verify you are interacting with the correct contract.
2. Use Reputable Platforms: For tracking, analytics, and trading, GMGN.AI offers a trustworthy, feature-rich environment tailored for meme tokens.
3. Limit Exposure: Only invest funds you are fully prepared to lose. Meme coins can move rapidly both up and down.
4. Monitor Social Media: Price and momentum often follow online sentiment. Use platforms like X (Twitter) to keep up with the community.
5. Be Cautious of Unverified Tokens: If a wallet or exchange flags Gooncoin as unverified, proceed with extra caution.

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The Bottom Line

Gooncoin on Solana is a prime example of how internet trends and meme culture can fuel speculative frenzies in the crypto markets. While there are multiple tokens named Gooncoin, be sure to verify which contract you are interacting with, as the most-cited address actually refers to BONK, one of Solana’s largest meme coins. For those interested in diving deeper or actively trading, leverage the analytics and trading tools at GMGN.AI, alongside other well-established exchanges and wallets.

Remember: with great meme coins come great risks—and possibly, if you play your cards right, great rewards. Stay sharp, do your research, and trade responsibly!