In a recent tweet, Matty Tay, co-founder of Colosseum and former Solana team member, shared his thoughts on the ORE token: "Ore is designed to route value from short term speculators to long-term holders. However, the volatility of any new asset will be extreme for a while. The HaWG never sleeps though." This post, found here, highlights ORE's unique mechanics in the wild world of Solana-based tokens.

ORE isn't your typical pump-and-dump meme coin; it's a proof-of-work (PoW) token built on Solana, where anyone can mine it by solving cryptographic puzzles. But here's the twist: mining requires paying transaction fees in SOL, Solana's native currency. These fees accumulate and power what's affectionately called the HaWG – short for the "buyback wallet" in the community. This mechanism uses the collected SOL to automatically buy back ORE tokens from the market and burn them, reducing supply over time.

The design cleverly shifts value. Short-term speculators might jump in for quick gains, but the extreme price swings – common in new crypto assets – can shake them out. Meanwhile, the HaWG keeps buying, providing constant support and rewarding those who hold through the chaos. As Matty points out, volatility is part of the game for emerging tokens, but ORE's system ensures that patient miners and holders come out ahead.

Take a look at this screenshot from a community post, showing a series of buy orders. It illustrates how the HaWG "eats up" sells, absorbing downward pressure and stabilizing the price for long-term believers. In ORE's ecosystem, mining isn't just about minting new tokens; it's about contributing to a system that funnels value back to the community.

Replies to Matty's tweet echo this sentiment. One user noted, "the HaWG will simply eat up every sell in the long run," emphasizing its role as a relentless buyer. Another chimed in with "feeding time," referring to the ongoing buybacks. Even amid dips, community members are "slurping" – buying more ORE – confident in its future.

For blockchain practitioners dipping into meme tokens, ORE offers a fascinating case study. It blends meme culture with real utility, like its store-of-value (SoV) aspirations on Solana. If you're mining or holding, remember: avoid leverage, mine strategically, and let the HaWG do its thing. As the community grows, with tools like Ore Supply for easy mining, this could be one to watch for those seeking beyond short-term hype.

Stay tuned to Meme Insider for more on emerging tokens like ORE that bridge memes and tech innovation.