Phox ($PHOX) is a Solana-based meme coin launched in May 2024. It positions itself as a young meme coin trader with a knack for spotting the most profitable exit liquidity. Modestly calling itself the smartest phox of all, this sweet but adroit memecoin personality has the ambition to dominate the Solana ecosystem. Phox leverages a variety of skills and techniques to achieve its goals, including knowledge of DCA, the creation of accumulation plans, the use of bots with nodes on Solana, access to a bloomberg terminal, and more. It is always on the lookout for the best methods to make smart money and share this knowledge with its community.
Roadmap
Phox’s roadmap is not widely publicized. However, the project has outlined some plans for its development and expansion. With Phox's goal to become trending everywhere, the team will focus heavily on adoption through various initiatives. These include securing more listings on CEX, hosting events to engage the community and attract potential investors, and participating in discussions. Additionally, Phox has mentioned plans to create a cartoon series and share it on social media. This can be an excellent way to tell the project’s story and solidify its brand identity.
Functionality and Utility
Currently, $PHOX offers a limited number of utilities, with more planned for the future. Phox has recently released a free NFT collection featuring 150 NFTs, exclusively available to Phox token holders.Additionally, Phox has organized a meme contest where participants can create a meme featuring $PHOX and post it in the comments under the announcement, along with their SOL address, for a chance to win 0.3 SOL.
Market Performance and Dynamics
Despite its recent launch, $PHOX has already shown great dynamics. Currently, this Solana meme coin is being traded at $0.00004842, representing a whopping 225% surge in the last 24 hours.The project’s market cap is now $47.93K at the time of writing. Its daily trading volume stands at $11.98K, and its liquidity is $17.666K. There are 344 holders of this meme coin as of now.
Community
Phox's community is still young and growing, with 589 followers on X and 665 Telegram members.
Pros
Community-driven meme coin
Original mascot
Announced utilities for holders, including free NFTs
RaydiumThis 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.