Although the Bitcoin Runes ecosystem has occupied most of the spotlight recently, other ecosystems have not stagnated. A new popular meme coin has appeared on the Solara chain - $Gummy. This is a meme with the image of a red bear.
On April 21, $Gummy was officially launched for trading with a total supply of 1 billion coins, 20% of which were used for airdrops, 10% for CEX liquidity and market making, 20% for marketing, 40% for LP (burning the pool), and the team and founders received 0%.
Airdrop criteria:
🔴Bubbles: Banter Bubble users are rewarded with “points” that they accumulate. They submit their Sol address on the app/website.
🔴 BloFin: Automatically allocated by BloFin - Sign up using any Banter Blofin link and deposit into that BloFin account with fiat or stablecoins.
🔴 Sniper School - Students must be enrolled and complete the school. Must complete the form after the last video.
🔴 Discord Servers - Community members must subscribe to one or more of the servers below to be eligible for the airdrop. Each server has its own form that must be filled out in order to receive the airdrop:
👉🏼 Front Runners
👉🏼 Sniper Club
👉🏼 Whale Room
👉🏼 Easy Algo
🔴Tooker holders: All $Tooker holders (more than 200)
The current price of $Gummy token is $0.1126, with a market value of $112 million and nearly 44,000 holder addresses, but the pool depth is average, with only $2.55 million.
Contract address: H7bTHGb5Cvo5fGe5jBDNDPUv8KykQnzyZA3qZ8sH7yxw
From the data, $Gummy's performance does not seem to be very exaggerated. However, unlike many popular memes that "disrupt as soon as they open", Gummy's current market value of over $100 million did not soar directly at the opening, but gradually increased. The price of $Gummy at the opening was about $0.002, which is almost 50 times higher than the current price.
However, $Gummy itself is still questioned. The on-chain analysis service Lookonchain found that a certain user has earned tens of millions of dollars on Gummy. The reason is that he withdrew 65.23 SOL from the MEXC 12 minutes before the Gummy contract was deployed, and then used 64.5 SOL to buy 97.36 million Gummy in the same block where the Gummy contract was deployed, that is, when the Gummy contract deployer added liquidity, and these Gummy tokens are currently worth about 10 million US dollars.
He then dispersed the 97.36 million Gummy tokens to 10 new wallet addresses. Strangely, these tokens have not been sold yet.
Such a precise buying operation made many people in the community begin to doubt whether this person is a professional meme sniper or an insider from the team. Many people said that it was 100% internal behavior, and the probability of doing this without an insider was actually one in a million. But some people also said that if you bought it when the market value was 50 million, anyone can now get double the profit, and they don’t understand what they are complaining about.
Nevertheless, this does not seem to have a big negative impact on Gummy's performance. After all, compared with those rug pull projects, Gummy has not harvested others, at least not yet.
Solana ecosystem rugged projects are frequent. According to data compiled by the on-chain detective ZachXBT, in the past month, 12 Solana pre-sale meme coins have chosen rugged after raising more than 180,650 SOL (about 26.7 million US dollars).
ZachXBT advises the community to be wary of future projects launched by these founders. 
