It can get a little confusing out there in the fast-paced world of meme tokens, especially when different projects decide to use the same or similar names on the same blockchain! That seems to be the case with tokens called "Lyra" on the Solana network. Let's break down what we've found about them.

Lyra: The Cute Puppy Memecoin

When you hear about a Lyra token on Solana with the address 47MP6mzg1mkWawZcyPbXtLiikwcSvAqYMKukxRHvBbm5, you're likely looking at the puppy-themed memecoin.

• Token Symbol: LYRA
• Token Address: 47MP6mzg1mkWawZcyPbXtLiikwcSvAqYMKukxRHvBbm5
• What it is: This Lyra is pitched as a "delightful offspring" of well-known Solana memecoins like Myro and Myra, aiming to be the "cutest puppy memecoin" around. It was launched on January 20, 2024.
• Tokenomics Snapshot: It has a total supply of 1 billion tokens. Crucially, it boasts 0/0 buy/sell taxes, the minting function has been revoked (meaning no new tokens can be created by the original deployer), and the liquidity has been burnt, which can add a layer of security against rug pulls.
• Trading: You can find and trade this LYRA token on decentralized exchanges (DEXs) on Solana, such as Raydium and PumpSwap. The primary trading pair is LYRA/SOL.
• Market Status (around late April 2025): Prices have varied across reports, seen around $0.00001107 and $0.000271. Market capitalization has also shown fluctuations, reported around $614.19K and $258K. The circulating supply is approximately 580.9 million LYRA. However, liquidity for this token is noted as very low, sometimes less than $1 according to some sources, suggesting it may not be widely traded or held by many. One report indicated only 8 holders at one point, though trading volume can still reach decent figures like $365.86K in 24 hours.
• Project Goal: To build a community around its cute theme and potentially capitalize on the memecoin trend on Solana.

Platforms like GMGN.AI are designed to help traders track and analyze meme tokens like this Lyra. They offer features like smart money tracking, real-time analytics, and automated trading, which can be useful for navigating volatile meme token markets. You can find the specific page for this Lyra token on GMGN.AI here. GMGN.AI charges a flat 1% transaction fee for its services.

LYRA: The Model Context Protocol

There's another token on Solana associated with the symbol LYRA, which is part of a different kind of project entirely.

• Token Symbol: MCPOS (This project's token seems to use MCPOS, though it was previously referred to in contexts also discussing "LYRAI" and the project is a "Model Context Protocol").
• What it is: This project describes itself as the "First MCP Protocol on the Solana Chain." MCP stands for Model Context Protocol, acting as an operating system for multi-AI AGENTs. Its purpose is to extend the capabilities of AI applications, particularly by enabling them to interact with financial networks and blockchain public chains. Essentially, it provides a server with AI assistants geared towards blockchain operations.
• Market Status (April 27, 2025): It had a circulating supply of around 999.83 million tokens. Its market cap was approximately $27.84K, with a 24-hour trading volume around $1.18K.

Not to Be Confused With...

It's also worth noting that there's an entirely separate project named "Lyra" operating on Ethereum and Optimism, which is a decentralized finance (DeFi) platform focused on options trading. This is completely different from the Solana tokens discussed here.

Risks and Things to Consider

When dealing with any token, especially those with lower visibility or within newer categories like memecoins or niche AI protocols on Solana, it's super important to be cautious.

• Unverified Status: Both Solana Lyra tokens discussed are flagged as "unverified" on wallets like Phantom. This means the token contract hasn't been verified by the wallet provider, and you should exercise extreme caution as they could be scams or have hidden risks.
• Volatility: Memecoins (like the puppy Lyra) are notoriously volatile. Their price often depends more on community hype and sentiment than on fundamental utility.
• Low Liquidity: Some reports highlight very low liquidity for the puppy Lyra. This can make it difficult to buy or sell significant amounts of the token without causing large price swings.
• Novelty/Project Risk: The AI protocol project is introducing a novel concept. Risks include potential vulnerabilities in the code or an unproven economic model for the token.

Wrapping Up

So, if you encounter a "Lyra" token on Solana, make sure you know which one it is! The one with the address 47MP6mzg1mkWawZcyPbXtLiikwcSvAqYMKukxRHvBbm5 is the puppy memecoin, while another is associated with the LYRA Model Context Protocol (MCPOS). Always verify the token address and do your own thorough research before trading or investing, especially since both appear to be unverified and carry significant risks like high volatility and low liquidity. Using platforms that provide detailed analytics and security checks, like GMGN.AI, can be helpful tools, but they don't eliminate the inherent risks of trading in these highly speculative assets.