Kong ($KONG) is a meme coin on the Avalanche network, offering both a catchy name and a range of utilities. Since its launch in March 2024, Kong has quickly built a strong community of fans and holders. According to the project's website, $KONG is the fairest token on Avalanche. It is proved by such points as a renounced contract and burnt liquidity pool. This meme coin has presented itself as a token that develops the $KONG culture. Its followers on X contribute to it by actively participating in the process of creation and sharing their content using the hashtag #LongtheKONG.
Roadmap
Kong has not provided a clearly defined roadmap. However, given that $KONG has an associated NFT collection and launched the RPG dubbed Kongzilla, it is likely the project’s team will focus on strengthening the $KONG ecosystem. They are expected to allocate funds for developing these existing features and coming up with new ones.
Functionality and Utility
$KONG has gotten serious about its utilities. It has dropped the AvaKong NFT collection. Created by Jaroslav Kosmina, it featured 1001 Kongs that served as a symbol of the AVAX community's strength and technological prowess. On May 26, 2024, Kongzilla, an RPG on the Avalanche Blockchain, was launched. The game revolves around KONG and GODZILLA who were tasked to terrorize the world. To enter the game and fulfill the mission of distracting authorities and stifling crypto regulation through sheer destruction, players should mint an NFT out of 6,000 tokens and get into the game. All NFTs come with special benefits such as launch discounts and the lucrative "Landlord" trait. $KONG also has its online store with merch. Branded hoodies, snapbacks, and T-shirts with various designs are available for grabs.
Market Performance and Dynamics
$KONG has a total supply of 19.28 trillion coins, all of which are currently in circulation. As of May 27, 2024, this Avalanche-based meme coin has a market cap of $2.38 million with $241.23K in liquidity. $KONG is now being traded at $0.0₆1236, demonstrating a 10.84% surge in price over the last 24 hours.With 3,780 holders and growing, the increasing number of $KONG holders indicates a high potential for future growth.
Community
$KONG meme coin has solid community support. Its fanbase is growing every day, showing much interest in the project. Currently, Kondo has almost 5K followers on X and 622 subscribers on Telegram.
Pros
Fair launch with burnt liquidity and zero team allocation
Associated NFT collection and merch
The RPG Kongzilla launched to enhance the token’s ecosystem
A dedicated community that actively supports the project
Trader Joe XYZThis 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.