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How Tokabu Meme Token Earned $160K in Fees: A Grassroots Success Story on Solana

How Tokabu Meme Token Earned $160K in Fees: A Grassroots Success Story on Solana

In the wild world of meme tokens, where projects often fizzle out as quickly as they explode, Tokabu stands out as a shining example of community-driven success. A recent tweet from @pwnlord69 highlights how this Solana-based meme token has raked in around $160,000 in liquidity provider (LP) fees and creator fees, all thanks to clever use of platforms like Pump.fun and Raydium.

Let's break it down. Pump.fun is a popular launchpad for meme tokens on Solana, known for its fair launch mechanics and built-in creator fees. These fees are a small percentage taken from trades that go directly to the token's creators or treasury. In Tokabu's case, they've pulled in about $60,000 in just two months from these fees alone.

Screenshot of Tokabu's creator fees earnings

Then there's Raydium, a decentralized exchange (DEX) on Solana that offers advanced liquidity features. Tokabu's community pooled together 1% of the token's supply through donations to create a single-sided infinite top-end range LP. What does that mean? Essentially, they provided liquidity only on one side of the trading pair (likely SOL/Tokabu), with a price range that extends infinitely upward. This setup allows for larger buys as the price climbs, without dumping the other asset.

They locked this LP forever using Raydium's Burn and Earn program. Burning the LP tokens means they're removed from circulation permanently, preventing anyone from withdrawing the liquidity. In return, the program lets them earn fees indefinitely. Over 22 days, this has netted about $100,000 in LP fees.

Screenshot of Tokabu's LP position on Raydium

This isn't just numbers on a screen—it's real sustainability. The fees have funded artists, content creation, and more, turning Tokabu into a self-sustaining project without relying on constant hype or external funding. As @pwnlord69 puts it, "this is what a grassroots project looks like."

For blockchain enthusiasts and meme token hunters, Tokabu's approach offers valuable lessons. By leveraging community contributions and smart DeFi tools, projects can build lasting value. If you're diving into Solana meme coins, keep an eye on innovations like Burn and Earn—they could be the key to turning fun into funds.

The tweet has sparked excitement in the community, with replies echoing "TOKABU" chants and praise for the model's ingenuity. It's a reminder that in the meme space, true organic growth can lead to impressive results.

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