Meme tokens have become a fascinating, albeit highly volatile, corner of the crypto world. They often ride waves of internet trends and community buzz rather than relying on complex technology or business models. POPI is one such token making its home on the speedy Solana blockchain.

If you're exploring the meme token space on Solana, you've likely come across POPI. But before diving in, it's crucial to understand what it is, what's known (and unknown) about it, and the significant risks involved.

What is the POPI Token?

POPI is a token on the Solana blockchain. Here are the key details:

• Token Name: POPI (sometimes associated with "Popi the penguin")
• Token Symbol: POPI
• Token Address (Solana): EVvS7JLJZfjqmQpX6wbkYJRxcWhKDTbDpN3w6rMX8MmM
• Blockchain: Solana
• Category: Meme Token
• Status: Marked as "unverified" on platforms like Phantom wallet (via vertexaisearch.cloud.google.com)

It's important to note that there appears to be confusion with other tokens, including one named "POPPY" on Ethereum inspired by a pygmy hippo (Gate.io, CoinGecko, CoinMarketCap, Forbes). Always double-check the contract address to ensure you're looking at the correct token on the correct blockchain.

Background and Purpose

Like many meme tokens, POPI appears to lack official documentation like a dedicated website, whitepaper, or roadmap. This is a red flag for potential investors. Some unverified claims on social media platform X suggest it's tied to an AI project with a developer having a NASA background, but these claims could not be independently verified.

Without clear official information, POPI's purpose seems primarily driven by community speculation and trading, aligning it with the high-risk nature of typical meme coins in the Solana ecosystem.

Technical Details

POPI is built on the Solana blockchain as an SPL (Solana Program Library) token. SPL tokens are Solana's standard for fungible assets, similar to ERC-20 on Ethereum.

• Contract Address: EVvS7JLJZfjqmQpX6wbkYJRxcWhKDTbDpN3w6rMX8MmM. This address is verified on Solscan, confirming its existence as a valid token on the Solana network.
• Blockchain Benefits: Solana is known for its speed (high throughput) and low transaction costs, making it popular for trading fast-moving assets like meme tokens. It uses a mix of Proof-of-History (PoH) and Proof-of-Stake (PoS) for its consensus mechanism.
• Metadata: Details about the total supply, decimals, or mint/freeze authority are not readily available from the provided sources. This lack of transparency about the token's supply structure is another point of concern.

It's crucial to distinguish POPI (EVvS7JLJZfjqmQpX6wbkYJRxcWhKDTbDpN3w6rMX8MmM) from other tokens with similar names, such as a "Popi the penguin" token with a different address (scbreenrh66yontqqypqhevrfdrmicaj7grrhkozrqs).

Market Performance

Gathering reliable, real-time market data for tokens like POPI can be tricky, especially when they are new or have low market caps.

• Market Capitalization: Data varies. One source from May 21, 2025, cited a market cap of $3.2K (via vertexaisearch.cloud.google.com), while another from May 23, 2025, mentioned $15K for "Popi the penguin" (via vertexaisearch.cloud.google.com) and another reported approximately $1.1 million on May 23, 2025 (from an X post). This discrepancy underscores the difficulty in getting precise figures for such micro-cap tokens.
• Trading Volume: A report from May 23, 2025, noted a daily volume of $77.211 for "Popi the penguin" (via vertexaisearch.cloud.google.com). An X post mentioned a 5-minute volume of $110,200, indicating intense short-term activity but not necessarily sustained liquidity.
• Supply: One source from May 21, 2025, indicated a circulating supply of 999.53 million with no maximum supply (via vertexaisearch.cloud.google.com). Without definitive data on total or circulating supply from official sources, assessing valuation and potential dilution is hard.
• Holders: As of May 23, 2025, "Popi the penguin" reportedly had 608 holders (via vertexaisearch.cloud.google.com).
• Exchanges: POPI is likely traded on decentralized exchanges (DEXs) within the Solana ecosystem, such as Raydium or Orca. Phantom wallet is also listed as a place where it's available. Centralized exchange listings were not mentioned.

Community and Sentiment

Community interest for meme tokens often lives on social media platforms like X and Telegram. While some X posts show positive sentiment and highlight trading activity (including a whale buy), these posts are often promotional and should be viewed critically.

The lack of confirmed official social media channels or community groups specifically for the POPI token (EVvS7JLJZfjqmQpX6wbkYJRxcWhKDTbDpN3w6rMX8MmM) makes it difficult to gauge genuine community size and sentiment accurately.

Potential Risks

Investing in meme tokens is inherently risky, and POPI presents several significant red flags:

• Volatility: Meme tokens are known for massive, unpredictable price swings.
• Low Liquidity: The relatively low trading volume reported suggests it might be difficult to buy or sell significant amounts of POPI without impacting the price.
• Rug Pull Potential: The "unverified" status and lack of a confirmed smart contract audit increase the risk that the developers could abandon the project and take invested funds. One Cyberscope audit mentioned a "Poppy" on Solana, but with a different address (GD1AR5...dpump) and a "High Risk" score of 44% (via vertexaisearch.cloud.google.com). This is not an audit for the POPI token discussed here. Always verify audits for the specific contract address.
• Lack of Transparency: No official website, whitepaper, or verifiable team information is a major concern.
• Misidentification Risk: The existence of multiple tokens with similar names like "POPPY" and "Popi the penguin" can lead to confusion and accidental investment in the wrong asset.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies, especially speculative assets like meme tokens, is still evolving and could change unexpectedly.

Using GMGN.AI to Track POPI

For those interested in tracking meme tokens like POPI, platforms designed for this specific market can be helpful. GMGN.AI is one such platform that focuses on analyzing and trading meme tokens across chains including Solana. It offers features like smart money tracking, real-time analytics, and security checks, which could potentially help users navigate the risks.

You can find information specifically on POPI on the GMGN.AI platform here. Remember that using such tools doesn't eliminate risk but can provide additional data points.

Conclusion

The POPI token on Solana (EVvS7JLJZfjqmQpX6wbkYJRxcWhKDTbDpN3w6rMX8MmM) appears to be a micro-cap meme token characterized by low liquidity, high volatility, and significant uncertainty. The "unverified" status, lack of official documentation, and absence of a confirmed smart contract audit for this specific token are major red flags that suggest a high potential for being a scam or rug pull.

While some social media activity exists, it is promotional and unverified. The confusion with similarly named tokens further complicates the landscape.

Approach POPI with extreme caution. A thorough investigation, attempting to verify any developer claims, and monitoring on-chain activity via tools like Solscan or SolanaTracker is essential if you choose to research it further. Given the current lack of verifiable positive indicators and the numerous risks, POPI should be considered a highly speculative and potentially dangerous asset.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies, especially low-cap meme tokens, involves a substantial risk of loss. Always conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions.