what's Sheep Wif Hat?
Sheep Wif Hat is a community-driven memecoin project inspired by whimsical sheep imagery, featuring a sheep wearing a hat as its mascot. Launched as a fun, viral token, it emphasizes decentralized ownership and engagement through social media and tokenomics designed to reward holders. The project operates on multiple blockchains, including Base and Solana, allowing for accessible trading and participation in its ecosystem. The token, SWIF, incorporates mechanisms like automatic burns and buybacks to manage supply dynamics, fostering scarcity and long-term value for the community. Governance and updates are shared via official channels, with a focus on building a loyal "flock" of supporters through memes, announcements, and interactive events. It highlights the playful side of cryptocurrency, blending humor with basic DeFi elements. As an evergreen memecoin, Sheep Wif Hat prioritizes organic growth and cultural relevance in the crypto space, encouraging users to join the movement without complex utilities, relying instead on community momentum and thematic appeal.
$SWIF ranks 4th hottest cryptocurrency with strong social and market momentum while executing aggressive token burns that have permanently removed over 10% of total supply.
contract
solana
Experienced a price decline of at least 95% from peak levels, grouped among celebrity-launched tokens on Solana that exhibited similar performance patterns.
$SWIF ranks 4th among the hottest cryptocurrencies today based on strongest relative social and market strength across the crypto market.
1M tokens burned in what appears to be an ongoing burn program.
Insider sources suggest more token burns scheduled for next week following recent supply reduction.
Chart analysis shows the token is in a Gordon blue triangle formation with Monday identified as a potential breakout day.
Token burns have become a daily occurrence with over 10% of total supply now permanently removed.
2.5M tokens burned, reducing total supply by 10%
1.75M tokens permanently burned in latest supply reduction event.
Blackrock representative burns 0.5% of token supply in latest reduction event.
Major token holder burns 0.6% of supply, totaling 6.6% burned in past week.
Market cap grows from $31k to $4M in 8 days, reaching $30M ATH despite whale manipulation attempts.
Unverified claims of 4% token burn and vague listing hints accompanied by suspicious BlackRock connection claims indicate potential manipulation risk.
Token maintains top trending position on Phantom across 1H, 24H, and 7D timeframes.
Market cap reaches $16M on 56% surge, part of broader Solana meme token uptrend.
$TROLL and $PENGU holders are entering $SWIF, targeting $20M market cap.
Market cap reaches $10M, showing 2x growth while related projects trade at $1B and $200M respectively.
Token demonstrates strong recovery to $4.88M after whale-induced drop to $1.2M, while developer's previous project reaches $260M market cap.
Developer's previous project TROLL at $150M while current project trades under $3M, suggesting possible market inefficiency.