PlanckCat (PCD): A Deep Dive into Solana’s Latest Meme Token

PlanckCat (PCD) has emerged as a notable meme token on the Solana blockchain, created specifically for the Overlay community. This analysis explores its key features, market performance, and security considerations.

Token Fundamentals

PlanckCat operates on the Solana blockchain with the token address CD9wG9KCavjt59GxCsJ5Q5FocjwMbnEk6c1UKa7Zpump. The token implements several important features:

• Transferability: Tokens can be freely transferred after purchase
• Fixed Supply: No mint function exists, preventing additional token creation
• Immutable Design: Token metadata, including name and description, cannot be modified
• No Freeze Function: Token transfers cannot be frozen by any party

Market Performance and Metrics

As of January 22, 2025, PlanckCat’s market metrics show:

• Current Price: $0.0009332 USD
• Market Cap: $893,380 USD
• 24h Price Change: -42.03%
• Total Supply: 957.28 million tokens
• Circulating Supply: 664,551,470 tokens

Trading and Liquidity

PlanckCat maintains active trading pairs on two major Solana DEXs:

1. Meteora

   • Liquidity: $901.31
   • 24h Volume: $25,236.32

2. Raydium

   • Liquidity: $129,580
   • 24h Volume: $4.76 million

Security Analysis

Multiple security firms have evaluated PlanckCat’s smart contract:

• CertiK Audit: Identified 4 attention items and 1 alert
• GoPlus Labs Assessment: Found 0 risky items and 0 attention items

Market Observations

Several notable market dynamics deserve attention:

1. Price Volatility: Significant price fluctuations observed, with a 42.03% drop in 24 hours

2. Supply Discrepancies: Different platforms report varying total supply figures:

   • CertiK: 1 billion
   • CoinMarketCap: 957.28 million
   • Solana.fm: 664,551,470 (circulating)

3. Naming Inconsistency: Some platforms like Bitget Wallet list the token as “AxiosError” despite sharing the same contract address

Investment Considerations

For potential investors, several factors warrant consideration:

1. Positive Aspects:

   • Strong security audit results from GoPlus Labs
   • Significant liquidity across multiple DEXs
   • Immutable token design preventing unauthorized changes

2. Risk Factors:

   • High price volatility
   • Inconsistent supply reporting across platforms
   • Typical meme token market risks

Conclusion

PlanckCat represents an interesting addition to Solana’s meme token ecosystem. While it demonstrates solid security features and maintains good liquidity, investors should approach with caution given its price volatility and meme token status. As with all cryptocurrency investments, thorough research and risk assessment are essential before making investment decisions.

Note: This analysis is based on data available as of January 22, 2025. Cryptocurrency markets are highly volatile, and conditions may change rapidly.