Memecoins are having a field day during this bull run. Murad even predicted a super memecoin cycle. Solana and Ethereum have a thriving memecoins scene.
If you follow us, you should also have heard of Sui memecoins. However, Injective also has a small but interesting memecoins scene. So, let’s take a closer look at this Injective memecoins scene.
Table of Contents
What Is Injective About?
Injective is a financial app chain. App chains cater to specific use cases. In the Injective’s case, that’s finance. Everything on Injective breathes finance. So, Injective is the Layer 1 and devs built all these financial apps on top. It already has an impressive ecosystem. Besides financial apps, you can also find NFTs and an NFT marketplace, Talis, on Injective. And memecoins. That’s what we are going to take a closer look at.
Injective also has great tokenomics, all tokens are in circulation. On top of that, $INJ is a deflationary token. Word has it that even Trump holds a bag of $INJ.
🚨Breaking News: @realDonaldTrump just got in bag $50K $INJ
What about you?🧐 pic.twitter.com/U7b0NK67de
— INJ Hub 🥷 (@Injective_Hub) November 27, 2024
Injective Memecoins Setting and Support
The Injective memecoins playing field is different. It’s not like Solana, where thousands of coins are launched each day. Most of them are rugs and only a few are worth your time. In contrast, the Injective ecosystem is a lot smaller, and as a result, there are also fewer launches.
This also results in a much lower volume. However, that will work in your favor in the long run. Due to its smaller size, you can spot bad actors earlier and easier. Rugs do happen but are rare.
The Injective NFTs also play a role in their memecoin’s playground. Many collections launched memecoins. Not only that, but they also airdropped their memecoins to other collection holders. For example, $Qunts (Injective Quants), $POOR (Hobos), and $AGENT (Paradyze).
Hobos are extremely grateful to @InjectiveQuants
Each hobo was airdropped 1000 $QUNT just a few weeks ago, allowing Hobos to eat a few more days
Those who held are now going to be able to afford instant ramen for a whole month
Thanks again Benny for your generosity pic.twitter.com/5AxMmgRnJt
— Hobos – $POOR (@InjHobos) November 21, 2024
The Injective memecoins scene is not pumping out daily 100x memes. This is a much slower and organic market. Still, the 100x coins do happen. Holding your bags and waiting is the name of the game, most of the time. It’s a strong community with solid developers.
Before you can get started with Injective, you will need to install an Injective-compatible wallet. This can be Leap Wallet, Keplr, or MetaMask with the MysticSnap or LeapSnap.
The best platform for Injective memecoins is Coinhall. Some memes also trade on Helix or DOJO. So, let’s take a look at some Injective memecoins.
Injective Memecoins
1) $QUNT
$QUNT by the Injective Quants is one of the OGs on Injective. The token has been around since June 2024 but exploded in early November. It went from $0.007 to $0.031 in only two weeks. That’s a 4.5x. The current $QUNT price is $0.0173 with a $10.5 million market cap. All tokens circulate.
2) $POOR
$POOR by the HOBOS NFT collection. Airdropped to their NFT holders. The current $POOR price is $0.0014112. ATH was at $0.002. Its market cap is $140K and all tokens circulate.
3) $SHROOM
$SHROOM launched in October and took off around 26th November. This is an AI memecoin launched with the Trippy tool. This means that it is rug-proofed. It went from $0.0007 to $0.00158 in only two days. That’s a 44x. The current $SHROOM price is $0.0012. With a $1.21 million market cap, there’s plenty of room for growth.
Who was here for this moment in history ?
Shroomi the agent launched LP for their own token on the $INJ blockchain
A thread 🧵👇 pic.twitter.com/6fdekdrFV9
— Shroomi (@trippy_inj) November 27, 2024
4) $SAI
$SAI launched on 28th November with the Trippy tool. If you managed to buy early, you’re good. The current $SAI price went from zero at launch to $1.34 in two days. Its market cap is $1.3 million.
5) $PEDRO
$PEDRO launched mid-November. On 28th November, it went parabolic and did a 64x. It went from $0.000025 to $0.0016 in 24 hrs time. The current $PEDRO price is $0.00012 with a $111K market cap.
6) $SMELLY
$SMELLY the durian token also launched in mid-November. Since the 25th, it’s been on a constant run. In 7 days, it did an 11x. During the last 24 hours, it’s up by 95%. The current $SMELLY price is $0.000091624 with a $91.6k market cap. High risk, high return.
SMELLY is cooking up something special for our loyal LP providers on the SMELLY/INJ pool over at @Dojo_Swap. 🤫
Keep adding to that liquidity – you might just find a juicy surprise coming your way soon! pic.twitter.com/b21Xno35QB
— smelly (@smelly_inj) November 28, 2024
7) $SPUUN
$SPUUN is the memecoin that launched in mid-November. It’s also on a roll. During the last 7 days, it did a 65x. However, on the 29th, it saw a pullback. Its market cap is at $98K. Another high-risk, high-return play.
8) $AGENT
$AGENT is the first AI token on Injective created by an AI Agent. It’s made by Paradyze and it had $300K dropped to its Vault NFT holders. That was shortly after its launch on 22nd November. The $AGENT price was under $2 at that time. The current $AGENT price is $4.60 with a $3.3 million market cap. Lots of growth potential here. Vault holders will also receive another 2 guaranteed airdrops.
At the current price, over $300k of $AGENT was airdropped to Paradyze Vault holders 🤝
Still fading? pic.twitter.com/qHV6wIFQb1
— Paradyze ™ (@ParadyzeFi) November 25, 2024
9) $KIRA
Kira the Injective Cat ($KIRA) has been around since December 2023. Its current ATH is in mid-November, with a $0.00014 price. The current $KIRA price is $0.000071 with a $4.9 million market cap.
Other Injective memecoins to look into are $COKE or $XIII. However, there’s plenty more out there. Here’s a list of coins and memecoins you can find on DOJO. As you can see, the Injective memecoins have plenty to offer.
Conclusion
The Injective memecoins scene is active and interesting. There are also some great new tools like the Trippy tool. Tokens that launch with this tool should be rug-proofed. The Injective memecoins aren’t as hyperactive as on Solana. However, they seem to be more solid with fewer rugs. There are also plenty of opportunities to find the 100x memes.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.
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