Hey Meme Insider fam! 👋 Today, we’re diving deep into the world of meme tokens, specifically focusing on the Toby token (toby) on the Base chain. If you’re knee-deep in the crypto world, you know how fast things can change, especially with meme coins. So, let’s get you up to speed with all the latest info on Toby.

What’s the Deal with Toby?

Alright, so Toby isn’t your average crypto. It’s a meme token, which means its value is largely driven by community hype and social trends. Here’s the lowdown:

• Token Symbol: toby
• Token Address: 0xb8d98a102b0079b69ffbc760c8d857a31653e56e (You can always verify this on BaseScan!)
• Blockchain: Base Chain (an Ethereum Layer 2 solution)
• Type: ERC-20 (like most tokens on Ethereum and its L2s)

Think of meme tokens as the fun, sometimes wild, side of crypto. They’re not usually built for utility, but for the lulz and community!

How is Toby Doing On-Chain?

Let’s get into the nitty-gritty:

• Total Supply: A whopping 420,000,000,000,000 toby tokens. Yep, that’s a lot of zeros!
• Market Cap: Around $7.7 million. (Remember, these numbers can change quickly, so double-check!)
• 24h Trading Volume: About $25K.
• Liquidity: Roughly $439.5K locked in liquidity pools.
• Holders: You can track the growing number of toby holders on BaseScan.

Where to Trade?

You’ll primarily find toby on decentralized exchanges (DEXs) like:

• Uniswap V3 (Base)
• Sushiswap V2 (Base)
• PancakeSwap

Trading pairs usually include WETH (Wrapped Ethereum), so make sure you’ve got some of that on hand.

If you’re new to this, you might want to check out a guide like the TOBY Swap Guide on De.Fi to get a handle on things. You’ll need a compatible wallet (like MetaMask) to connect to these DEXs.

Community Vibes

Meme coins are all about the community, and toby is no exception.

• Telegram: Over 6,932 members in their Telegram channel (@toadgang), and it’s still growing!
• Twitter/X: Stay updated with the team via @toadgod1017.
• Warpcast: Yep, they’re on Warpcast too!
• Reddit: Check out r/tobyonbase for community discussions.

Community sentiment is a crucial factor to keep an eye on with meme coins like toby.

Tokenomics: How is the Toby Token Distributed?

Let’s talk about how this token is allocated:

• Airdrop: A whopping 70% of the total supply was airdropped to over 1.4 million addresses in the Base ecosystem. That’s a huge distribution!
• Liquidity Pool: 20% was allocated to liquidity, and the liquidity pool tokens were burned to prevent further minting.
• Reserve: 10% is held in reserve for future use.

The team has been pretty upfront about their token distribution which is a big plus.

The “Toad Lore” and Future Phases

Toby is described as the “cute frog of base,” a classic meme coin narrative with references to “toad lore” and “satoby.” It’s a community-driven project with plans for multiple phases. While the team hasn’t laid out specifics, it suggests they’re thinking about the long-term growth of the token.

Risks and Warnings (Don’t Say We Didn’t Warn You!)

Alright, it’s time for the serious stuff. Meme tokens are risky. Here’s what to keep in mind:

• Volatility: Meme tokens like toby are notoriously volatile. Price can swing wildly in either direction.
• Lack of Utility: There is no built in utility for toby, which means value relies heavily on community support and demand, so be prepared for potential price drops if hype fades.
• Rug Pulls: The dreaded rug pull is always a potential risk, where the creators might liquidate their holdings, which is why it’s important to always do your research.
• Market Manipulation: Pump and dumps are common with meme tokens.
• Low Liquidity: Be mindful of potentially low liquidity, as it may impact your ability to buy or sell large amounts of the token.
• Smart Contract Risks: There’s always the chance of smart contract vulnerabilities, even if the contract is verified on BaseScan.

Disclaimer: This is NOT financial advice. The crypto market is incredibly risky. Only invest what you can afford to lose, and always do your own research (DYOR)!

Final Thoughts

toby on the Base chain is a textbook example of a meme coin: high community engagement, a meme-driven narrative, and lots of volatility. If you’re thinking about getting involved, do your homework, keep an eye on the community, and only invest what you’re prepared to part with.

Stay tuned to Meme Insider for more updates and keep an eye on on-chain data and social channels related to toby. Happy trading, and may the memes be with you! 🐸