Since January 2024, over 1.2 million coins have been launched on PumpFun, but only a few have managed to sustain a market cap above $300K for several days. The Solana blockchain has seen a surge of new meme coins in recent weeks, with new tokens appearing almost daily.
One notable token, $QUIT, has made a significant impact on the Solana blockchain. This meme coin has quickly reached a almost $400K market cap within three weeks of its launch. The team behind $QUIT describes it as a “culture coin,” aiming to build a transparent and educational community.
$QUIT was launched on the meme coin platform pump.fun. The team spoke with the $QUIT team about their journey. They shared, “We sniped 80 percent when launching on pump.fun three weeks ago. Have held the floor. Added 20K in liquidity two weeks ago. This is a social experiment in transparency.”
As of now, $QUIT boasts a market cap of $399K and a current price of $0.00039. According to Solscan analysis, the coin has over 422 holders. However, it’s noteworthy that the top 5 wallets hold more than 80% of the supply. In a recent Twitter space, the $QUIT community addressed concerns about this concentration. They explained that these tokens are locked in Stream Flow Finance and cannot be sold, dumped, or traded. These locked tokens are designated for liquidity, marketing, and other purposes.
The $QUIT community has also taken steps to ensure stability by adding $20K in liquidity recently. During a Twitter space, they discussed their broader mission. Their goal is to build a strong, transparent community and expose projects involved in rug pulls. The $QUIT community hosts daily Twitter spaces for holders, providing a platform for learning about new projects and sharing insights.
The $QUIT team is committed to fostering a supportive community. They believe that their mission goes beyond being just another token on the Solana blockchain. They aim to educate people about the potential of meme coins and create a positive impact in the crypto space.
In their words, “We are here to build and teach people about the perspective of meme coins. Our purpose is not just financial gain but also to create a community that values transparency and education.”
The $QUIT community is optimistic about their future and continues to work towards building a robust ecosystem. They encourage new and seasoned invest
