what's The Gooning Elephant?

The Gooning Elephant is a Solana-based memecoin launched on the pump.fun platform. It leverages viral internet culture and elephant-themed imagery, particularly tying into popular videos of elephants in natural settings to build community hype. As a typical pump.fun token, it utilizes a bonding curve mechanism where buying pressure gradually fills the curve with SOL liquidity until completion, at which point it migrates to Raydium DEX for open trading. The token embodies memecoin dynamics on Solana, emphasizing rapid community growth, trader speculation, and developer reputation. With no renounce of mint authority initially, it relies on market conviction in the dev's track record from prior launches. Holders interact via standard SPL token standards, with trading facilitated through DEX aggregators like GMGN.ai.