What is AKUMA

Cultural Background

$AKUMA is a token represented by the image of a black Pomeranian dog, with “Akuma” meaning “demon” in Japanese. The name and imagery are reminiscent of meme coin leaders like $DOGE and $SHIB. As Akuma Inu promotes on its official website, $AKUMAx aims to challenge the dominance of $DOGE and $SHIB. In the current meme coin space filled with traps, $AKUMA seeks to restore trust in meme coins.

Songs Created by Akuma Inu

In addition to the Pomeranian dog image, Akuma Inu has released a series of catchy AKUMA songs on its official website. These songs span various genres, including rock, electronic, and opera, all designed to express Akuma Inu’s core values and uphold the order within the meme coin community.

Token Information

$AKUMA Token Information

According to CoinMarketCap, the total circulating supply of $AKUMA is 666.66 billion, and it has achieved 100% full circulation. As of January 17, its market capitalization is $506.66 million.

The token contract address is 0x2F20Cf3466f80A5f7f532fCa553c8cbc9727FEf6.

Ecosystem

The $AKUMA token belongs to the Base ecosystem, a Layer 2 built by Coinbase using the OP Stack. This ecosystem gained significant attention after its mainnet launch, largely due to the meme coin $BALD. The Total Value Locked (TVL) saw a sharp increase driven by FOMO (fear of missing out).

Base Ecosystem’s Popularity from $BALD

For meme coins, Solana continues to be the best breeding ground. According to Dexscreener, the 24-hour trading volume for Solana meme coins is $5.28 billion, holding the top position.

Solana 24-hour meme coins trading volume

Base 24-hour meme coins trading volume

In second place is the Base ecosystem, with a 24-hour trading volume of $2.05 billion, surpassing the third-place mainnet.

Moreover, if you frequently interact with or store funds on the Base ecosystem, you might notice that meme coins are periodically airdropped into wallets. This helps maintain a vibrant meme coin atmosphere within the ecosystem.

Given the current regulatory situation, it’s unlikely that Coinbase would allow Base’s mainnet to launch airdrops to incentivize users. After the boom of SocialFi, meme coins may become one of the few potential hot topics for the Base ecosystem, and incentivizing meme coins could indirectly encourage more ecosystem usage.

In summary, Base is one of the most meme-centric chains within the Ethereum Virtual Machine (EVM) ecosystem. Whether it’s community support or ecosystem backing, it has certain advantages in the meme coin space.

Contract Security

Dextools Contract Rating

Regarding token security, Dextools has given $AKUMA a score of 99 on its DEXTscore, indicating that the contract has minimal vulnerabilities, backdoor risks, and malicious traps.

Price Trend

$AKUMA Price Trend on Gate.io

$AKUMA launched in early January in the innovation zone on Gate.io, with spot trading in the main area opening on January 24. Since its launch, $AKUMA has experienced mostly sideways price action, with low trading volume but significant price volatility. Traders should be cautious about potential price fluctuations.

Future Development

In its future development plans, Akuma Inu intends to launch a comedy AI based on DALL-E, which will allow users to experience:

• Endless creativity: With DALL-E’s AI, the only limit is your imagination.
• Customizable templates: Create memes tailored to any occasion, mood, or trend.
• Real-time generation: Create and share your memes in seconds, not minutes or hours.
• Community-driven: Join a meme enthusiast community, share your creations, and draw inspiration.

Conclusion

The cultural image and project philosophy of Akuma Inu position $AKUMA can be regarded as a direct challenger to $SHIB and $DOGE. With strong meme community support within the Base ecosystem, $AKUMA has substantial room for growth. If the AI features are successfully implemented, they could empower $AKUMA, allowing it to outpace most other meme coins.

Note: Meme coins are highly volatile, and investing in them could lead to the loss of principal. This article merely presents objective facts and does not constitute investment advice.