Foreword

STUPID Token (also known as ‘StupidCoin’) is a new emerging Meme token launched in the Gate.io innovation zone on January 26, 2025. It operates on the Solana blockchain, with the contract address: 9RjwNo6hBPkxayWHCqQD1VjaH8igSizEseNZNbddpump

The project is characterized by satire, irony, self-deprecation, and mockery of Bitcoin Maxi culture, which has attracted widespread attention in both the English and Chinese communities. It is rumored that STUPID Token was jokingly created by a Bitcoin Maxi named “Fred Krueger” during a livestream and unexpectedly became popular, sparking a new meme craze.

Source:@dotkrueger（https://x.com/dotkrueger)

1. The Origin and Cultural Connotation of Meme

Meme refers to cultural symbols or memes that can quickly spread in internet communities. For meme tokens in the cryptocurrency field, they often gain short-term popularity through visual logos, emojis, short videos, and other forms. STUPID Token quickly became popular in the cryptocurrency industry due to its self-deprecating meaning of ‘Stupid’ and the satirical core of ‘Bitcoin extremism’.

Self-deprecation and irony
The term ‘Stupid’ is often used to mock an investment style characterized by excessive market enthusiasm and blind faith. The project combines it with the stubborn image of ‘Bitcoin Maxi’ to create a sense of ‘mockery with a hint of recognition’, making STUPID Token both topical and entertaining.

The community ‘Stupider’ calls itself
Community members jokingly refer to themselves as “Stupider,” emphasizing that “although it may seem foolish, they still enjoy it.” This self-deprecating attitude actually creates a relaxed and inclusive community atmosphere.

Diversified Secondary Creation
On social media such as X (formerly Twitter) and Telegram, a constant stream of STUPID Token-related memes, emojis, and videos have emerged, creating a “viral” spread and further increasing the attention on the token.

Source:X Twitter

2. STUPID Token token economic model

STUPID Token (StupidCoin) preliminary Tokenomics information is as follows (data source: Gate.io, official project, and public data on Solana chain):

• Public chain: Solana (SOL)
• Contract Address: 9RjwNo6hBPkxayWHCqQD1VjaH8igSizEseNZNbddpump
• Total supply: 995 million STUPID
• Circulating Supply: 995 million (fully unlocked, no additional lock-up)
• Market Cap: Approximately 1,486.37 million US dollars
• Market Cap / Fully Diluted Market Cap: 100%
• Current ranking: No.110
• Number of Holding Addresses: 25,400 (on Solana Chain)
• Smart Money Address Count: 208 (according to statistics from Arkham and other platforms)
• Launch Date: January 26, 2025

Due to the fact that the project party has not yet disclosed a very detailed token distribution plan and team holding ratio, it is currently difficult to confirm whether STUPID Token will have additional token unlocking, burning, or staking mechanisms in the future. However, from the situation of large on-chain addresses, there is no extreme concentration of control signs in the top ten addresses, which to some extent alleviates the community’s concerns about the team’s significant sell-off.

Source:gate.io Innovation Zone

3. Project Features and Highlights

The reason why STUPID Token quickly gained attention after it went live is closely related to the following aspects.

1. Advantages of Solana ecosystem
   Unlike many Meme tokens based on Ethereum or BSC, STUPID Token chose Solana. Solana is known for fast confirmations and low gas fees, providing more possibilities for STUPID in terms of transaction and subsequent applications such as NFTs, games, etc.
2. No pre-mining, no private sale
   The project team claims that there is no private placement or pre-mining, and the current circulation has been fully released. This ‘fair distribution’ Meme mode often wins the favor of the retail community and reduces negative speculations of ‘pumping and dumping’.
3. Socialized Meme Operation
   STUPID Token focuses heavily on community interaction on platforms like X (Twitter), generating a steady stream of secondary dissemination for the project through a large number of meme images on themes like ‘Bitcoin VS. Stupid’ or ‘Stupid Hodl’.

4. Bitcoin extremists mock
   This feature has made STUPID a unique ‘self-deprecating trend’ in the crypto community, effectively attracting loyal Bitcoin fans and young investors interested in Memes.

5. Interpreting the Rumors of Fred Krueger’s ‘Joke Issuance’

In the STUPID Token community discussion, the most controversial and legendary statement is:

“A person who calls himself ‘Bitcoin Maxi Fred Krueger’ jokingly created STUPID in a live broadcast, but the project gained far more popularity than expected, to the point where it was described as ‘stupider than ever’ in terms of its viral nature.”

4.1 Rumor Source

• Most of the news comes from second-hand revelations on social platforms such as X (Twitter) and Reddit. It is said that the person involved, Fred Krueger, initially only discussed in the live broadcast how to ridicule the prevailing trend of ‘blind faith’ in Bitcoin, and casually came up with the concept of the ‘Stupid’ token.
• There is currently no official white paper or public confirmation of the true background of “Fred Krueger”.@dotkruegerThe account also does not explicitly admit that he is Fred Krueger.

4.2 Community Attitude towards the Incident

• “Both a joke and a marketing”
  Some people believe that this is purely a marketing tactic by the team, using ‘birth from a joke’ to shape the self-deprecating and mocking Meme gene in order to attract attention.
• “Real Unexpected Surprise”
  Some people also believe that Fred Krueger does exist and think that this token issuance is indeed an unintentional gesture, a ‘satirical counterattack’ against Bitcoin extremists.
• Official maintains mystery
  Regardless of whether it’s true or false, the ‘origin of jokes’ itself brings STUPID a high topic value and also fits the ‘entertainment’ tone of the Meme project.

Source:Official Twitter X

4.3 Impact on the project

In the field of MEME tokens, ‘relaxed and fun’ stories often drive the coin price and community popularity. The precedent of DOGE, from ‘joke’ to a market value of tens of billions, makes people realize that in MEME projects, ‘self-deprecation’ and ‘community consensus’ can ignite the market more than a serious technical roadmap. From this perspective, STUPID Token’s ‘joke origin’ undoubtedly brings it a great topic bonus.

5. Market Performance and Popular Trends

5.1 Trading Situation after Gate.io Innovation Zone Goes Live

After STUPID Token was officially listed on the Gate.io Innovation Zone on January 26, 2025, with the help of the platform’s global user base and strong liquidity, the trading volume on the first day was considerable, and it even briefly topped the hot search list.

• Sharp price fluctuations: After the first day of rise, there is a pullback, and short-term speculators enter and exit frequently, which is in line with the usual “skyrocketing and plummeting” style of meme tokens.
• The future trend remains to be observed: there is currently no clear application scenario, but with the topic and community atmosphere, the trading heat remains high in the short term.

5.2 Community Popularity and Secondary Creation

According to the statistics from the official X and Telegram communities, the attention to STUPID Token continues to rise in the English community and some Asian communities. The ‘Stupider’ group’s emoticons, short videos, and live clips frequently appear, forming a typical Meme growth pattern of ‘community self-driven - content reproduction - secondary dissemination’.

6. Summary and Outlook

Since its inception, STUPID Token has focused on the mockery and self-ridicule of the “Bitcoin maximalist” culture, and has gained a reputation in the Meme community. Such “pranks” often trigger curiosity and discussions. Similar stories, from DOGE to PEPE to STUPID, are common in the crypto community and never fail to amuse.

• In the short term, STUPID Token still has a certain speculative and attention dividend based on community popularity and secondary creation.
• In the long run, its prospects depend on whether the team can provide more valuable features in terms of technology or ecosystem. If it ultimately remains only in the ‘Meme topic’, it faces the risk of declining popularity.

For ordinary investors, the high volatility and high risk of STUPID Token must be carefully considered; but for Meme enthusiasts or users who want to try something new, this Solana token that cleverly combines ‘silliness’ and ‘Bitcoin extremism’ may be worth paying attention to in terms of community culture.