The crypto world moves fast, and on the Solana blockchain, meme tokens are popping up left and right. One token that’s caught some attention is “PEACE”. Let’s take a closer look at what this token is all about, where it stands in the market, and importantly, what risks you should know about.

What is the PEACE Token?

Known by the symbol PEACE and the contract address Yrm5FGKYMCx7wn7n8aX6Ppye3sHwL86V11h5YUXpump, this token lives on the Solana blockchain. Like many tokens on Solana, it’s likely an SPL (Solana Program Library) token, which is Solana’s standard for creating fungible and non-fungible tokens.

It seems PEACE identifies as a meme token, aiming to “spread peace and love across the world through the power of cryptocurrency and memes”. A noble goal, though typical for meme tokens which often blend lighthearted concepts with crypto.

Token Details and Tokenomics

• Token Symbol: PEACE
• Token Address: Yrm5FGKYMCx7wn7n8aX6Ppye3sHwL86V11h5YUXpump
• Blockchain: Solana
• Name: Peace Token
• Type: Meme Token
• Total & Max Supply: 1,000,000,000 PEACE

The token’s structure uses a mint account to manage its global data like total supply. Individual holdings are tracked through Associated Token Accounts (ATAs).

The project mentioned a roadmap with milestones like community creation, DEX listings, a meme platform, and partnerships, primarily focused on 2024-2025. However, it’s worth noting that this roadmap might be outdated, and the official website, peaceonsol.com, has reportedly been offline since late 2024.

Market Status and Trading

Finding comprehensive, consistent market data for PEACE can be tricky. Here’s what we know from various sources:

• Price: Reported prices vary. One source mentioned around $0.00054115 on Pump.fun recently, while another showed approximately $0.074394 USD on Raydium. A check via Solana Tracker also showed a price of $0.00 at one point. This inconsistency highlights potential data reporting issues or thin liquidity.
• Market Cap: Around $563,781 USD was reported by CoinMarketCap DEX data, while Solana Tracker indicated a much lower $4,146.53 at one point. Again, variations point to potential liquidity or tracking issues.
• Trading Volume: Conflicting data exists. CoinMarketCap DEX data for the PEACE/SOL pair on Raydium showed 0 USD in 24-hour trading volume recently, suggesting inactivity on that specific pair. However, other reports mentioned 24-hour buy and sell volumes ($213,072 buy, $186,909 sell) from X posts, indicating some level of trading activity elsewhere.
• Liquidity Pool: Valued at approximately $79,895 USD on Raydium. Low liquidity pools can lead to high volatility and slippage. One concern raised is the allegation that the liquidity pool might have been drained, a sign of a “rug pull.”
• Trading Platforms: PEACE is primarily traded on decentralized exchanges (DEXs) within the Solana ecosystem, including Raydium, PumpSwap, and Pump.fun. It also appeared listed on OKX Web3. There’s no indication of listings on major centralized exchanges like Binance or Kriptomat.

It’s also important not to confuse this token with another “PEACE” token (PeacePal AI) that exists on the Base Ecosystem.

Security and Risk Analysis: Red Flags Galore

Based on available reports, the PEACE token presents significant risks that potential investors must consider:

• Concentration Risk: A very high risk is flagged due to a large portion of the total supply being held in a few private wallets (top 10 and top 20 wallets hold a high percentage). This creates centralization risk and the potential for huge price drops if these large holders decide to sell.
• Low Liquidity: The relatively small liquidity pool makes the token susceptible to significant price swings and makes it hard for larger trades to execute without impacting the price negatively (slippage).
• Untested Liquidity Pools: Participation in less-known or unvetted liquidity pools poses risks like impermanent loss, scams, or rug pulls.
• Allegations of Scam and Rug Pulls: Multiple sources raise serious scam alerts. An “AI Safety Score” reportedly rated PEACE as high risk (26.3%), labeling it a potential scam.
• Developer Red Flags: Allegations link the token’s developer to a previous project called “WAR” which is reported to have “rugged” (developers abandoning the project and taking funds) around Christmas. This history severely undermines trust.
• Reported Drained Liquidity: Claims suggest the liquidity pool has already been drained, a classic sign of a rug pull where investors are left holding worthless tokens.
• Lack of Transparency: There’s no official website (it’s offline), no public whitepaper, and no verified information about the developer team. Unverified claims about backing from Seedify Fund and even a “photoshopped UN-backed tweet” are mentioned as potential manipulative marketing tactics.
• Potential Technical Risks: While analyses haven’t confirmed malicious code, if the mint authority is not renounced, more tokens could be created, diluting value. Similarly, an unrenounced freeze authority could potentially lock tokens.

On the technical side, some analyses show “no mintable risk,” “no freeze risk,” and “immutable metadata,” which are positive signs, but these don’t outweigh the significant risks related to centralization, liquidity, and developer credibility.

Community Sentiment

Sentiment on social media, particularly X, appears mixed but heavily tilted towards caution. Some promotional posts claim the token is “rocketing” or linked to mental health/AI innovation (though unverified), while strong warnings from other users highlight the scam risks, developer’s past, and manipulative marketing. The token isn’t verified by CoinMarketCap, requiring community votes for verification, which also suggests limited widespread trust.

Exploring Meme Tokens with GMGN.AI

For those navigating the fast-paced world of meme tokens on Solana and other chains, tools like GMGN.AI offer platforms to track and analyze these assets. GMGN.AI specializes in meme tokens across various blockchains like Ethereum, Solana, Tron, Base, and Blast.

Key features include:

• Meme Token Analysis and Trading: Focused tracking of meme token markets.
• Smart Money Tracking: Following the moves of large, potentially influential investors.
• Automated Trading: Allowing users to automate trades (requires linking a Telegram account).
• Security Checks: Helping identify potential risks like honeypots or high taxes before trading.
• Cross-Chain Compatibility: Enabling trading across different networks.

GMGN.AI charges a flat 1% transaction fee for its services. If you’re interested in exploring or tracking tokens like PEACE, platforms like this provide tools to gain insights into their performance and trading options. You can find PEACE specifically tracked on GMGN.AI here.

However, remember that even with advanced tools, the inherent risks of specific tokens, especially those flagged with significant concerns like PEACE, remain.

Conclusion: Proceed with Extreme Caution

The PEACE token on Solana, with address Yrm5FGKYMCx7wn7n8aX6Ppye3sHwL86V11h5YUXpump, presents itself as a meme token with a peace-focused mission. However, a detailed look reveals numerous red flags. The significant concentration of tokens in a few wallets, low and potentially drained liquidity, lack of developer transparency, offline website, unverified claims of partnerships, and serious allegations of being a scam tied to a developer with a history of “rugging” make this a high-risk asset.

While trading is possible on certain Solana DEXs, the market data is inconsistent, and the overall picture is concerning. Potential investors should exercise extreme caution and thoroughly verify any claims before considering involvement with the PEACE token. Based on the available information highlighting scam alerts and alleged developer misconduct, it’s strongly recommended to avoid investing until these serious concerns are addressed with verifiable proof and increased transparency.

The Solana ecosystem offers many projects; focusing on those with clear utility, audited contracts, active and transparent teams, and healthy liquidity pools is generally a safer approach. Always do your own research (DYOR)!