Hey Meme Insider fam! 👋 Ever heard of SUPA token on Solana? Yeah, it’s been buzzing around a bit, and we decided to dig in and see what’s actually up with this new crypto on the block. Turns out, it’s a bit more complex than your average meme coin, and definitely worth a closer look.

What’s the Deal with SUPA Token? 🤔

So, SUPA token. First things first, it’s hanging out on the Solana blockchain. You know, Solana - the one that’s super speedy and keeps those transaction fees nice and low. The token address you’ll want to keep an eye on is 9E1wHWJLRebEZKvDfqYK93bt9oW1HyXvgWBYbFgwpump. That’s its home base in the digital world.

Now, here’s where it gets a little interesting. While this SUPA token lives on Solana, it seems to be tied to something called the SUPA Foundation. And get this – the SUPA Foundation seems to be doing most of its thing over on the Fantom network. Confusing, right? It’s like having a house in two different cities! But bear with me.

Diving Deeper: The SUPA Foundation and its Metaverse Game 🎮

Okay, so what’s the SUPA Foundation actually building? They’re all about creating this cool 2D NFT-based play-to-earn game. Think collectible cards, but in the metaverse, where you actually own your in-game stuff as NFTs. Pretty neat! It’s riding that wave of play-to-earn gaming that’s been getting huge in crypto.

Imagine a whole metaverse built around this game. That’s the long-term vision here. The SUPA Foundation isn’t just stopping at one game either. They’re talking about expanding into more stories, more games, and even their own blockchain someday! That’s some serious ambition.

And those NFTs? They’re not just for show. They’re your ticket to play the game, own characters, and really get involved in their whole ecosystem. Think of them as your VIP passes to the SUPA world.

Tokenomics: Let’s Talk SUPA Supply 💰

Alright, let’s get into the numbers. There’s a total of 100 million SUPA tokens out there. Out of that, the self-reported circulating supply is around 4 million, which is just 4% of the total. So, most of the tokens are still locked up somewhere.

How did these tokens get out there in the first place? Well, there was an Initial Coin Offering (ICO) back in December 2021. They used a bunch of launchpads like MoonStarter and CyberFi to get things going. It sounds like they had a few token sales with different lock-up periods to distribute the initial supply.

Solana Smart Contract: Red Flags and Green Flags 🚦

Now, let’s talk about the Solana smart contract for SUPA. This is where things get a bit… spicy. Security auditors like GoPlus and CertiK have flagged some potential risks with this contract. They’re basically saying, “Hey, be careful and do your homework before you dive in.”

CertiK specifically mentioned 4 “attentions” and 1 “alert”. Yikes! One big thing to note is centralization. Apparently, the top 20 holders control a massive 86.67% of the total supply. That’s a lot of power in just a few hands, which can be risky in the crypto world.

However, it’s not all bad news. On the plus side, the mint and freeze authorities have been revoked. In plain English, that means the developers can’t just create a bunch of new tokens out of thin air or freeze your account. That’s a good sign for decentralization and security. Also, the token metadata is locked down, meaning the token info can’t be changed later on – what you see is what you get.

SUPA: A Cross-Chain Crypto Chameleon? 🌐

Remember how we said SUPA seems to be split between Solana and Fantom? Well, the SUPA Foundation is definitely more focused on Fantom. That’s where their play-to-earn game is primarily happening. If you check CoinMarketCap, the main SUPA token contract they list is actually on Fantom, not Solana.

So, while we’re talking about a SUPA token on Solana (address 9E1wHWJLRebEZKvDfqYK93bt9oW1HyXvgWBYbFgwpump), it’s super important to know that the bigger SUPA ecosystem and game are over on Fantom. It’s like having a branch office in Solana, but HQ is somewhere else.

Early Days and Community Vibes 🌱

Let’s be real, the SUPA project feels like it’s still pretty early stage. The token launched before the NFTs even dropped. That means a lot of what’s driving SUPA right now is speculation about the future potential of the game and the metaverse.

But the community seems engaged! The SUPA Foundation is pushing people to join their Discord and install their game app to earn “SupaFuel” tokens. These SupaFuel tokens are supposed to be claimable later in the actual game. It’s a way to get early adopters involved and hyped up.

Market Snapshot and Community Buzz 🔥

Let’s take a quick look at the market side of things. As of now, SUPA token has a market cap of around $98,927 USD. It’s still pretty small in the grand scheme of crypto. There are only about 143 holders right now. And yeah, we mentioned earlier, the top 10 holders control almost half of the token supply – 48.19%. The developers themselves hold 10.08%.

Interestingly, social media sentiment around SUPA seems pretty positive. HAWK AI DETECTION gave it a score of 85, suggesting there’s a lot of hype and positive buzz around the token on platforms like X (Twitter). People are definitely seeing potential!

Risks and Things to Consider ⚠️

Okay, time for the reality check. Investing in new crypto, especially meme coins or early-stage projects like SUPA, comes with risks. Here are a few things to keep in mind:

• Centralization Risk: Those top holders controlling a huge chunk of the supply? That’s a centralization risk. If they decide to sell, it could tank the price.
• Developer Holdings: Developers holding over 10% is something to watch. You want to make sure they’re in it for the long haul and not just looking for a quick pump and dump.
• New Project Risk: It’s new! New projects are always riskier. There’s no guarantee the game will be a hit, the metaverse will take off, or the token will gain traction.
• Volatility: Low market cap + new token = high volatility. Price swings can be wild. Be prepared for ups and downs.
• Security Concerns: Those alerts from CertiK and GoPlus about the smart contract? Don’t ignore them. Always do your own due diligence.

Final Thoughts: SUPA – Meme Coin Potential or Risky Bet? 🤔

So, what’s the verdict on SUPA token on Solana? It’s definitely an interesting one. It’s got the meme coin vibe with the potential to tap into the play-to-earn gaming craze and metaverse hype. The community seems engaged, and there’s positive sentiment bubbling up.

But, it’s also super early, carries significant risks, and has some red flags around centralization and smart contract security. The fact that it’s split between Solana and Fantom adds another layer of complexity.

Bottom line? SUPA token is a high-risk, high-reward play. If you’re thinking about jumping in, definitely do a ton more research. Dive into the SUPA Foundation’s whitepaper, check out their game, poke around their community channels, and understand the risks.

And remember – this is NOT financial advice! Crypto is risky. Meme coins are extra risky. Always invest responsibly and only what you can afford to lose.

Want to stay updated on the latest meme coin trends and deep dives like this? Keep it locked on Meme Insider! We’re here to help you navigate the wild world of crypto memes and beyond. 😉

Disclaimer: This report is based on information available as of January 28, 2025. Cryptocurrency investments are highly speculative and risky. Always conduct thorough research and consult with a financial advisor before making any investment decisions.