Hey Meme Insider fam! Today, we’re diving deep into the mysterious world of the ONDA token on the Solana blockchain. It’s a bit of a rollercoaster, so buckle up! We’ve got some new info that should help clear up any confusion you might have. Let’s jump right in!

ONDA: One Token, Two Identities?

First things first, it appears there are two tokens with the name “onda” floating around on Solana. Yep, you heard that right. We need to be super clear which one we’re talking about. Here’s the breakdown:

1. ONDA (CJRXkuaDcnXpPB7yEYw5uRp4F9j57DdzmmJyp37upump): This is the main focus of our analysis. We’ll call it ONDA-CJRX for clarity.
2. onda (H5FF1e…zjPNnM): We’ll call this one onda-H5FF to avoid confusion.

This report primarily focuses on ONDA-CJRX, with the address CJRXkuaDcnXpPB7yEYw5uRp4F9j57DdzmmJyp37upump, but we will also touch upon the other token.

ONDA-CJRX: Meme Coin or AI Marvel?

Token Basics

• Symbol: ONDA
• Address: CJRXkuaDcnXpPB7yEYw5uRp4F9j57DdzmmJyp37upump
• Chain: Solana

Initial Impressions and Community

When you first look at ONDA-CJRX, it’s a bit like seeing a new meme explode – things happen fast and information can be scarce. Based on the initial search, it’s highly likely ONDA is a community-driven meme token. However, there’s also information out there that it’s being positioned as an AI trading assistant. More on that later!

Diving into the Details:

1. Meme Token Vibes: Based on limited info, the token looks like a meme token, or a community-driven project that sprang up without much fanfare.

2. Community and Purpose: Information is scarce, hinting that the community might be small and just starting out. The purpose isn’t crystal clear, but, like most meme coins, it likely revolves around the meme itself.

3. Tokenomics:

   • Total Supply: CertiK reports a total supply of 1 billion. CertiK Token Scan
   • Distribution: This is where it gets a bit dicey. The top 20 holders own 100% of the supply according to CertiK! CertiK Token Scan That’s a huge centralization risk.
   • Mint and Freeze Authority: The good news is, the mint and freeze authorities have been revoked, meaning no new tokens can be minted, and holders can’t have their tokens frozen. CertiK Token Scan and CoinMarketCap

4. Price and Trading:

   • ONDA is listed on Bitget Wallet, with a very high 24h volume (6.21B), which is likely a display error.
   • CoinMarketCap indicates that the token is traded on Raydium, but there have been no trades in the last 24 hours and shows the price as $0.
   • It’s safe to say the price of ONDA-CJRX is likely to fluctuate wildly due to its volatile nature.

5. Risks:

   • High risk is the name of the game here. Meme tokens are volatile, and ONDA-CJRX is no exception.
   • Centralized token holdings make ONDA-CJRX prone to massive price swings.
   • Keep an eye out for rug pulls and liquidity problems which are common in these types of tokens.

The AI Twist!

Okay, so here’s where it gets interesting. Some sources claim ONDA is not just another meme coin. It is reportedly an “AI trading assistant” with a Chrome extension that turns any website into a live chat room! 🤯

This extension lets you chat about the webpage you’re on in real-time. For example, you can discuss a token on Dexscreener right within the site itself! It’s a novel approach and has generated lots of engagement.

Key Market Metrics

Here’s what the numbers are saying:

• Price: $0.003711 (ONDA/SOL)
• 24h Volume: A hefty $11.67 million!
• Liquidity: The liquidity pool for ONDA/SOL on Raydium has $271.79K in liquidity[5]
• Market Cap: Posts mention a market cap of around $22 million shortly after launch.
• Holders: Reports indicate over 16,000 holders shortly after launch.
• Price Movement: The price has reportedly seen a 99999% increase in the last 24 hours!

Why the Confusion?

The dual nature of ONDA-CJRX (meme coin vs. AI tool) might explain some of the mixed signals. The community might be split between those attracted to the meme and those interested in the AI functionalities.

onda-H5FF: Another Player on the Field

Let’s not forget the other “onda” token with address H5FF1e...zjPNnM, we’ll call it onda-H5FF. This token is traded on Raydium as well, and has some key differences:

• Market Cap: A much lower market cap of $9.36K
• 24-hour trading volume: $1.55K
• Security Scan: CoinMarketCap rates this token as “Safe” with mint authority disabled.
• Total Supply: 999.15 million.

Further Research is Key

If you’re interested in ONDA, here’s your homework list:

• Solana Explorers: Dive into Solscan and Solana Explorer to track transactions and see who’s holding what.
• Socials: Check out Twitter, Telegram, Discord, and Reddit for community chatter.
• DEXs: Visit Raydium and Orca to track ONDA’s trading activity.
• Project Website: Look for official pages, if they exist.

Final Thoughts

ONDA on Solana is complex. ONDA-CJRX is a high-risk meme token with an AI twist. The concentrated holdings and mixed messages make it essential to tread very carefully. onda-H5FF appears to be a more conventional token, but you still need to do your own research.

As always, never invest more than you can afford to lose, and stay tuned for more updates as we unravel the mystery of ONDA!

This is a developing story, so expect more information soon!