Alright, let’s dive into the world of the PUFF token, a unique player on the speedy Solana blockchain with a rather specific mission. While often seen alongside other meme coins, PUFF actually aims to puff out a different kind of smoke – integrating with the cannabis industry!

PUFF is the utility token for the Stoned Ape Crew, a non-fungible token (NFT) project on Solana. Think of NFTs as unique digital collectibles, and the Stoned Ape Crew features a collection centered around cannabis culture. PUFF is meant to be more than just a fun token; it’s designed to be used within this ecosystem and potentially bridge the gap between crypto and real-world cannabis purchases.

PUFF Token Basics

• Name: Lilttle Puff (though often just called PUFF)
• Symbol: PUFF
• Blockchain: Solana
• Contract Address: 5241BVJpTDscdFM5bTmeuchBcjXN5sasBywyF7onkJZP
• Mainnet: Solana
• Primary DEX: Raydium, often trading on the PUFF/USDC pair or found on others like PumpSwap.

Established around May 3, 2025, this token draws inspiration from “Little Puff,” a popular animal on TikTok, aiming to capture some of that viral magic in the crypto space.

Why PUFF? Bridging Crypto and Cannabis

At its core, PUFF wants to tackle a real-world problem: the difficulty of using traditional financial systems in the cannabis industry due to regulatory hurdles. The goal is for PUFF to be a go-to payment method for buying cannabis products like CBD, weed, and accessories, both online through the Stoned Ape store and maybe even eventually in physical shops. The project proudly markets PUFF as “the first-ever token to get your greens.”

Beyond cannabis, the vision for PUFF is expanding. There’s talk of a “Stoned Metaverse” where PUFF will play a central role, plus plans for new NFT collections (“Nuked Apes”), GIF collections, an “Ape Lottery,” and even interplanetary-themed expansions. All these initiatives are designed to bake more utility into the PUFF token within the ecosystem.

Tokenomics: Supply and Burns

Let’s look at the numbers driving PUFF:

• Total Supply: Reports vary, but figures range from approximately 142.1 million to 1 Billion PUFF tokens. The Stoned Ape Crew associated PUFF seems closer to the lower figure (~142.1M), while another token using the same symbol might exist with a 1 Billion supply. It’s essential for investors to verify which token they are looking at, especially given the shared symbol.
• Circulating Supply: Approximately 52.2 million tokens are currently in circulation (based on reports aligning with the lower total supply). Another report suggests the circulating supply is close to 1 Billion, matching the higher total supply figure. This discrepancy highlights the importance of checking the token address (5241BVJpTDscdFM5bTmeuchBcjXN5sasBywyF7onkJZP) to ensure you’re tracking the correct asset.
• Fully Diluted Valuation (FDV): Estimates vary significantly based on supply data, from around $67,895.60 (aligned with lower supply and price) to $4.86 Million (aligned with higher supply and price). This variance underscores the highly speculative nature and potential data reporting issues common with newer meme tokens.

PUFF also has a deflationary strategy. This means they intentionally reduce the total number of tokens over time through “burning.” Tokens get burned when used in activities like evolving or breeding “Nuked Apes” NFTs or for payments within the Stoned Ape Crew ecosystem. Burning tokens aims to make the remaining ones potentially more valuable by increasing scarcity.

You can get your hands on PUFF either by buying it on decentralized exchanges (DEXs) like Raydium or by staking certain Stoned Ape NFTs from their Genesis Collection. Holding and staking these specific NFTs allows you to earn PUFF tokens as rewards.

Use Cases: More Than Just a Meme

PUFF isn’t designed to just sit in your wallet. Its intended uses include:

• Staking Rewards: Earn PUFF by staking your Stoned Ape NFTs.
• NFT Evolution: Use PUFF to participate in processes like breeding “Nuked Apes,” which also burns tokens.
• Rescue Missions: Engage in interactive games and activities within the ecosystem using PUFF.
• Cannabis Payments: Potentially use PUFF to buy cannabis-related products.
• Solana Ecosystem Integration: Connect with various decentralized applications (dApps) on Solana.
• Future Ventures: Play a role in the upcoming “Stoned Metaverse,” Ape Lottery, and other planned expansions.

Market Performance: A Wild Ride

Like many meme tokens, PUFF’s price and trading activity can be quite volatile. Recent reports show significant fluctuations and discrepancies in data:

• Current Price: Around $0.0013 to $0.0018 USD based on several reports from May 10-11, 2025. One report on May 11 listed the price closer to $0.003405.
• 24-Hour Trading Volume: Low, generally ranging from a few hundred to a few thousand USD ($327.00 to $3,374 USD) based on multiple reports, although one report indicated a higher volume of $455K. This lower volume on some trackers suggests limited liquidity, meaning larger trades could significantly impact the price.
• Market Capitalization: Similarly, estimates vary wildly. Some reports place the market cap around $60,000 - $70,000 USD. Another report indicates a much higher $4.86 Million. These discrepancies likely stem from different circulating supply figures or data sources.
• Historical Volatility: The price has seen notable swings, including a reported recent surge from a $47,000 market cap to $7.2 million between May 3-9, 2025, followed by a significant drop back to the lower figures reported around May 10-11. The all-time high was reportedly $0.86 or $0.441240 in the past (on May 3, 2022, according to one source), making the current price significantly lower.

Trading mainly happens on Raydium, using the PUFF/USDC trading pair. The low liquidity means making big trades without moving the price is tough. Recent activity reported on platforms like X (formerly Twitter) suggests speculative interest and “whale” (large holder) activity, which likely contributed to the reported price surges and subsequent drops.

Risks and Challenges

As with any meme token, especially one with relatively low liquidity and a specific niche focus, PUFF comes with risks:

• High Volatility: Prices can change drastically and quickly based on market sentiment and hype.
• Speculation-Driven: Value relies heavily on community buzz and speculation rather than established utility or fundamentals.
• Low Liquidity: Difficult to trade large amounts without causing significant price changes.
• Regulatory Uncertainty: The cannabis industry is complex, and navigating regulations for payments is a major challenge.
• Potential Confusion: There might be other tokens using the “PUFF” symbol, which could confuse investors. There was a mention of a potential migration or link to the PFVS (Puffverse) token, which adds another layer of needed clarification for potential investors.
• Data Discrepancies: As seen in the market data, different sources report significantly different figures for supply, price, and market cap, making it hard to get a clear picture.

Tracking PUFF? Check out GMGN.AI

If you’re interested in keeping a close eye on PUFF and other meme tokens, platforms like GMGN.AI are designed for this purpose. It specializes in tracking and analyzing meme tokens across various blockchains, including Solana.

GMGN.AI offers tools like smart money tracking (seeing what big investors are doing), real-time analytics, and even automated trading features (note that this requires linking a Telegram account). They also include security checks to help identify potential risks like “honeypots” (where you can buy but not sell) or high transaction taxes. They charge a flat 1% transaction fee with no subscription required for premium tools.

You can find detailed information specifically on PUFF on their platform: https://gmgn.ai/sol/token/fV1R5sZ5_5241BVJpTDscdFM5bTmeuchBcjXN5sasBywyF7onkJZP

Conclusion

PUFF is an interesting token on Solana, attempting to carve out a unique niche by linking the Stoned Ape Crew NFT project with the cannabis industry. While it shares characteristics with meme coins through its community focus and reliance on social media trends, its planned utility in payments, staking, and a metaverse adds layers beyond pure speculation.

The token has seen extreme volatility recently, with market data varying significantly across sources. Its long-term success hinges on whether it can successfully implement its ambitious roadmap, gain adoption as a payment method in the cannabis space, and build sustainable utility beyond initial hype. Investors should be extremely cautious, verify information diligently, and be aware of the high risks associated with such volatile and niche assets. Keeping an eye on the official Stoned Ape Crew channels is crucial for the most accurate updates.