Meme Insider
The GSP token—identified by the mint address CwYPyrr6gNTQJoCpUEznyD7Jn96qEtpJodwxpPG8bonk—has attracted interest on Solana as a meme coin that’s still shrouded in some mystery. This article breaks down what we know about GSP, the nature of meme coins, how to distinguish GSP from other similarly-named projects, and what users should keep in mind before jumping in.
What Is the GSP Token on Solana?
GSP is an SPL (Solana Program Library) token running on the Solana blockchain, associated with the Great Summer Pump initiative. Launched between September and October 2024, this token rides the wave of Solana’s low-fee, high-throughput platform, fitting neatly into the meme coin narrative—where hype, speculation, and community are at the heart of value.
Unlike utility-driven tokens, GSP’s main appeal lies in community engagement and speculative trading. The project has promoted itself via Telegram and X, and information suggests that about 50% of GSP’s supply is generated through activities on its platform. However, clear details like total supply breakdowns, whitepapers, or official documentation remain elusive.
Distinguishing GSP from Other GSP Tokens
It’s easy to get mixed up—“GSP” isn’t a unique ticker, and several unrelated projects use the same symbol. Here’s how the Solana-based GSP stands apart:
- Get Set Play (GSP): An esports/metaverse project listed on CoinMarketCap and CoinGecko, but not using the Solana address above.
- GSP Coin (GSPC): A digital advertising token on its own blockchain (learn more), with no direct tie to Solana.
- GameSpace Token ($GSP): Focused on GameFi, launched on LBank.
- Global Student Power (GSP): Exists on Solana but at a different address (view on Solana.fm).
- Gary's Saga Phone (GSP): Another unrelated Solana token (see here).
- GS Partners: A separate entity altogether, sometimes called GSP, but subject to scam warnings and no direct link to this Solana token.
Bottom line: Always double-check token addresses and project links before engaging!
Technical Details: How GSP Works on Solana
- Blockchain: Solana
- Token Standard: SPL Token
- Mint Address:
CwYPyrr6gNTQJoCpUEznyD7Jn96qEtpJodwxpPG8bonk - Ecosystem Integration: Supports Phantom, Raydium, and other Solana-compatible wallets/exchanges
SPL tokens like GSP can be easily transferred, traded, and managed on-chain using any Solana wallet. Associated Token Accounts (ATAs) connect your wallet to a specific token’s mint address, letting you send and receive GSP with minimal friction.
Is GSP a Meme Coin?
Yes. The characteristics match classic meme coins:
- Value driven by market demand, hype, and speculation
- Limited (if any) inherent utility
- Built for entertainment, social interaction, and “pump” events
- Highly volatile with prices influenced by buzz on platforms like Telegram and X
GSP’s “Great Summer Pump” branding, launchpad debut, and lack of utility documentation further reinforce its meme coin identity.
Market Data (As of July 10, 2025)
According to social media posts (not independently verified):
- Market Cap: ~$997,760
- Price: $0.000998
- Launchpad: https://t.co/PV4pN1C1IQ
These stats should be treated cautiously until confirmed by reliable platforms like CoinGecko or CoinMarketCap.
Risks and Considerations
Before diving in, here are key points every meme coin enthusiast should keep in mind:
- Lack of Project Transparency: No official website, unclear tokenomics, and anonymous team.
- High Volatility: Prices swing dramatically, and liquidity can vanish quickly.
- Liquidity Risks: “Bonding curve not complete” status could mean tough entry/exit for big trades.
- Regulatory Uncertainty: Solana and its tokens sometimes face scrutiny from regulators like the SEC.
- Concentrated Holdings: If a small number of wallets hold a large share of supply, price manipulation is easier.
- Solana Network Reliability: While fast and affordable, Solana has suffered several outages that could delay or block transactions.
Best Practices:
- Always verify token addresses on block explorers like Solscan.
- Check for community presence and official announcements (Telegram link).
- Avoid rushing into trades—especially when projects lack transparency.
- Compare project details with other tokens sharing the same ticker.
- Monitor the market carefully for liquidity and price movement changes.
Quick Comparison Table: GSP Token at a Glance
| Attribute | Detail |
|---|---|
| Symbol | GSP |
| Chain | Solana |
| Contract Address | CwYPyrr6gNTQJoCpUEznyD7Jn96qEtpJodwxpPG8bonk |
| Project Website | None identified |
| Social Media | Great Summer Pump Telegram |
| Exchanges | None officially verified |
| Launch Platform | https://t.co/PV4pN1C1IQ (per social media) |
How to Explore GSP Further
If you’re interested in exploring GSP or other meme tokens, tools like Solscan and Solana.fm let you review live on-chain data, including recent trades and top holders. For even deeper insights, platforms specializing in meme coin analytics and automated trading—such as GMGN.AI—can help you monitor trends, risk scores, and real-time wallet activity.
Summary: Should You Ape Into GSP?
GSP on Solana is a classic meme coin: high risk, high volatility, and primarily community-driven. It’s essential to do your own research, verify token addresses, and weigh the lack of transparency and liquidity risks before making any moves. Stay cautious, watch for red flags, and remember: in meme coin land, what pumps today might dump tomorrow!
For more up-to-date analysis and tools, check out the latest on meme-insider.com and continue tracking GSP with your favorite on-chain explorers and meme coin platforms.
