Hey meme coin enthusiasts! Ever heard of a new token making waves on the Solana blockchain? Let’s talk about Official Elon Coin (ELON), a meme token that’s been buzzing since its recent launch. It’s all happening over on Solana, and you know how fast things move in the Solana meme coin world!

So, what’s the deal with ELON? This token, rocking the ticker ELON and chilling at the Solana address 5yLVCZFVNAKnDP7xURTSt4uKp4P1sZBvD6MZR4hfpump, is the latest entrant in the meme coin arena. Launched on March 6, 2025, by the creator address 4nkHB5...QPJX4d and minted via Pump.fun, it’s quickly grabbing attention. Pump.fun, as you might know, is known for launching tokens rapidly, and ELON is no exception.

Let’s dive into the numbers. As of March 6, 2025, the price of ELON is floating around $0.0007589, though you might see some different figures depending on where you look – more on that in a bit. With a current supply of roughly one billion tokens, the market cap is estimated to be around $758,986. We’re seeing some variation in reported 24-hour volume, with figures ranging from $114 to $420, and liquidity hovering around $10.99K. Interestingly, some sources like CoinMarketCap are showing significantly lower numbers – around $0.000010 USD for price and a market cap of just $10,064. This discrepancy is something to keep an eye on and highlights the importance of doing your own research and checking multiple sources for the most up-to-date info.

What’s the story behind ELON? Well, it’s a meme token, plain and simple. Tagged as a meme token and a Pump.fun creation, it’s described by CoinMarketCap as being “all about innovation and ambition,” aiming to “bring people together and create something amazing for the future.” Sounds like classic meme coin aspirations, right? It definitely gained momentum right after launching on Pump.fun and getting listed on Raydium.

If you’re thinking about trading ELON, you can find it on Raydium, a popular decentralized exchange on Solana. The trading pair is ELON/SOL. For those using Phantom Wallet, you can also snag some ELON directly through their interface.

Now, let’s talk risks – because with meme coins, there are always risks. First off, volatility is the name of the game. Meme tokens are notorious for their wild price swings, driven by social media hype and community sentiment. Secondly, they are highly speculative. Often lacking real-world utility, their value is based on… well, memes and hype. Remember, there’s no official connection to Elon Musk despite the name. Any moves or tweets from the real Elon could impact the token, but it’s purely speculative. Being a Pump.fun token means it’s built for rapid price action, which can be exciting but also risky. And, as a new token, ELON is still finding its feet, meaning unforeseen issues could pop up. Finally, those conflicting market data points we mentioned? They’re a red flag to always double-check your sources.

Keep in mind, the Solana meme coin market is sensitive to external factors, especially anything involving Elon Musk. We saw that back in February 2025 when just a Twitter name change from Musk caused ripples in the prices of other Solana meme coins. This just underscores how speculative and sentiment-driven these markets can be.

So, where do you even begin to track all this craziness? Platforms like GMGN.AI are popping up to help navigate the meme coin mania. GMGN.AI aims to give you an edge by offering real-time tracking, analytics, and even automated trading tools for meme tokens across various blockchains, including Solana, Ethereum, and more. Features like smart money tracking let you see what top investors are doing, while security checks help you spot potential scams like honeypots. They even boast cross-chain compatibility, which is pretty handy. They charge a flat 1% fee per transaction and claim no subscriptions for premium features. If you’re looking to dive deeper into ELON, they even have a dedicated page for it: GMGN.AI ELON Token Page. Always remember, though, tools are just tools – smart trading still requires your own judgment and caution.

In conclusion: Official Elon Coin (ELON) is the new kid on the Solana meme coin block, generating buzz and, as expected, volatility. If you’re thinking about jumping in, remember the golden rule: meme coins are risky. Do your homework, be aware of the potential for big price swings, and only invest what you can afford to lose. This isn’t financial advice, just your friendly heads-up from Meme Insider on the latest meme coin happenings!