General Characteristics

Dumb Money ($DUMB) is a meme coin project built on the Solana network. It is centered on the power of community and its collective efforts to amplify the meme coin phenomenon. One of the project’s goals is to secure a listing on Binance. Much of the project’s communication revolves around this ambition, promoting a diamond hands mantra as part of the community culture, encouraging holders to retain their tokens at least until $DUMB reaches Binance. At this point, a breakthrough is expected. This meme coin project is collaborative with influential figures from the WSB and GME communities. Additionally, it frequently engages with the Roaring Kitty community, having originated with the Roaring Kitty narrative. These connections make $DUMB an attractive investment opportunity.

Roadmap

The Dumb Money meme coin project has no outlined roadmap. Its sole goal is to secure a listing on the leading cryptocurrency exchange, Binance. Getting a listing there will allow $DUMB to reach more users, hence, more demand and a higher value.

Functionality and Utility

$DUMB does not offer many utilities for token holders. For now, there is a PFP maker on the project’s official website for everyone to play with the ‘Dumb money wins’ slogan and iconic red bandana.

Market Performance and Dynamics

$DUMB has a total supply of 979.89 million tokens. Since its launch in May 2024, the Solana-based meme coin has captured the attention of thousands of users. At the time of writing, $DUMB was held by over 4K holders. The meme token also has a market capitalization of $562.56K. On June 7th, $DUMB saw a daily trading volume of $136.71K. It is now being traded at $0.000574 at the time of writing, representing a + 118% increase for the last 24 hours.

Community

$DUMB has a community of meme lovers across a handful of social platforms. The meme coin project currently has thousands of users on social apps like X, Telegram, Instagram, TikTok, YouTube, and Facebook.

Pros

• Draws on the popularity of WSB and GME
• Adopts the popularity of the Roaring Kitty
• Fosters a community-driven ecosystem
• Promotes financial literacy and empowerment

5 Questions to the Dumb Money Team

1)What inspired the creation of $DUMB, and how did you come up with the unique slogan "DON’T SELL UNTIL BINANCE DUMB MONEY"? What story or vision led to this project's inception? The original developer of this project post-launch and since almost the get-go it's been in the community's hands in terms of growth and planning, so it's 100% community driven and we have a passionate community team with deep connections inside web3 technology leading the way. $DUMB was inspired by the iconic GameStop (GME) stock surge, where retail investors rallied together to challenge the norms of the financial market. The slogan "DON’T SELL UNTIL BINANCE DUMB MONEY" encapsulates this rebellious and strategic spirit. The idea was to create a cryptocurrency that embodies the tenacity and collective power of individual investors who were often labeled as "dumb money" by institutional players. This project was born from a desire to turn that pejorative label into a badge of honor, celebrating the underdog mentality and the potential of grassroots movements in the financial world. 2)$DUMB seems to be built around a playful yet strategic philosophy. How do you define the ethos of the $DUMB community, and what kind of culture are you aiming to cultivate among your holders? The ethos of the $DUMB community is one of playful defiance and strategic thinking. It’s about taking a seemingly unserious approach to highlight serious flaws and opportunities in the financial system. The culture aims to be inclusive, encouraging holders to think independently while fostering a sense of camaraderie and collective purpose. By embracing humor and a light-hearted attitude, $DUMB seeks to create a positive and engaging environment where everyone feels empowered to contribute and participate in the journey. 3)What milestones have you set for $DUMB, and how will you measure success on the path to potentially being listed on Binance? Are there any intermediate goals that the community should look forward to? Key milestones for $DUMB include achieving a strong and engaged community base, securing listings on major exchanges, and one of our first major milestones is to get listed on Binance and other similar exchanges. Success will be measured by community growth through spreading the narrative and memes, trading volume, and overall market adoption. Intermediate goals include achieving specific holder counts, reaching certain market capitalization benchmarks, and forming strategic partnerships that enhance the project's visibility and utility. Regular updates and transparent communication will help the community track progress and stay motivated. 4)How do you plan to keep the community engaged and motivated throughout the journey? Are there specific events, rewards, or incentives planned to maintain momentum and excitement? To keep the community engaged, $DUMB plans to host regular events such as AMAs (Ask Me Anything), giveaways, and meme contests, movie nights on our telegram video.voice channel often. Our memes are pretty amazing, and we have a dedicated meme master on our team and we often see what makes community driven meme tokens on Solana more successful then others is their community activity combined with infinite memes, and we definitely have that covered almost from day 1. Anyone can use our PFP meme maker and put on the red bandana that holds our movement slogan "DUMB MONEY WINS" and start meme'in around, wear it on their pfp, put it on their favorite influencer, it's been a hit so far, people love it! Some recent things we did recently: Not sure if you realize but "Roaring Kitty" just had his birthday on Sat June 8th so our community made this tweet from the main X.com account as a way to engage, we'll be leveraging any broadcasts and events surrounding him yet remain independent carrying on the inspiration from the movement RK inspired. We also have an ongoing giveaway where we encourage people to submit their soundbites in summary about their past or current 'wins in crypto or any financial world,' we feel like this will inspire others and it's fun, All submissions are entered into a monthly drawing towards winning $50 virtual visa sent via bitrefill.com 5)Are there any strategic partnerships or collaborations in the pipeline for $DUMB? How will these partnerships contribute to the growth and success of the project? $DUMB is actively pursuing strategic partnerships with other cryptocurrency projects, influencers, and platforms that align with its vision. We recently did a collaborative space with other stock meta narrative coin communities on the solana chain, we all align and network together discussion wise in friendly manner on monthly/occasional group meet up style spaces, see this recent one as an example. These collaborations aim to enhance the utility of $DUMB, increase its reach, and provide mutual benefits for all parties involved. By aligning with projects that share a similar ethos, $DUMB hopes to create a synergistic effect that drives growth and amplifies its message. Partnerships with DeFi platforms, gaming projects, and content creators are particularly in focus to broaden the appeal and functionality of $DUMB. We also recently did our first integration of $DUMB into Moonshotwin, which is according to their website described at Moonshot’s Crash is a thrilling, high-speed game of strategy, risk management and luck. With over 600,000 games and hundreds of gamers we’re the number 1 crash game on any chain." and details of that announcement can be found here.

Official links

CA: 7AL9FSASEGYJOKKHBFGRYBRPHDX3SAYWYBVLUXMANOGT Website Twitter Telegram Discord Instagram

Where to buy

Raydium Jupiter This is a (daily) in-depth analysis by Memecoin Season about the most promising and/or successful meme coin projects within the dynamic blockchain space. We first share this report with our invite-only community of investors and enthusiasts to study and potentially consider for their investment strategies. Then, the next day, we publish it for the general public. While we thoroughly pick and analyze strong contenders in the meme coin space, remember that we do not give here any investment advice. Always consider your own goals and analyze the risks inherent to meme coins before investing.