1. YILONG Project Background

The YILONG project belongs to the highly popular Meme sector of social media and is built within the Solana blockchain ecosystem. It aims to leverage internet culture and celebrity influence to provide users and investors with a crypto project that combines entertainment with potential investment value.

1.1 Background and Core Objectives

• Project belongs to the MEME field and is a community-driven project.
• Goal: To create a digital asset ecosystem that combines entertainment value with potential value, with a core focus on promoting humor culture and spreading the essence of MEME.
• Main issue: The YILONG project not only plays a humorous role in the community, but also has a unique impact on spreading related topics such as the resemblance to celebrity Elon Musk, enhancing community stickiness, and sparking social discussions.

1.2 Associated with Elon Musk

The inspiration for the YILONG project comes from the popular internet celebrity Yi Long Ma on Twitter, who cleverly imitated Elon Musk’s image and even caught the attention of Elon Musk himself. The YILONG project team has capitalized on this internet celebrity’s connection to Elon Musk to create a new star with a dual nature of ‘entertainment + investment’.

The project’s innovative initial launch on Gate.io

According to the announcement from Gate.io, YILONG Coin has officially launched in its innovation zone on 1/17. The project has attracted a lot of attention from users in the early stage of its launch due to its high topicality and community activity. The innovation zone of Gate.io specifically provides a first launch channel for potential emerging crypto assets, helping these projects to reach global users more quickly.

Source:Gate.io Innovation Zone Trading

2. YILONG Technical Principles

2.1 Underlying Blockchain: Solana

• High speed and low cost: Solana’s features enable fast and affordable interaction in the YILONG ecosystem, meeting the frequent trading and interaction needs of the Meme token in the community.
• Decentralization: Solana has thousands of validator nodes to ensure the decentralization of the network. YILONG Coin can achieve trustless peer-to-peer transactions on this network.
• High Scalability: The YILONG project can be upgraded based on Solana’s scalability, making it easy to land when launching gamified applications or NFT integrations in the future.

2.2 Smart Contracts and Contract Address

The contract address of YILONG Coin is:

AcqYPc7z4M3PgTZH4v5j4G4NU6SZ28z55QGtZ4Ujpump

The contract was created on 2024-06-05 and deployed using the Solana standard protocol. The project has implemented basic token issuance, transaction tax mechanism, and expandable functional modules at the smart contract level.

2.3 Contract Security and Audit

The project team has not yet released a more detailed audit report, but based on community feedback and the characteristics of the Solana blockchain, the core contract logic of YILONG Coin is relatively simple, mainly used to confirm token minting and basic trading functions. The official team stated that if there are more features or fund pool contracts launched in the future, they will update the audit results and make them public to the community as soon as possible.

Source:Yi Long Ma (@YiLongMaOn_Sol) / X

3. YILONG Coin Economic Model

3.1 Basic Supply Data

• Total Supply: 9.98 Billion YILONG
• Circulating Supply: 9.98 Billion YILONG
• Market Cap: $4.78 thousand USD
• Fully Diluted Market Cap: $4.78 thousand
• Market Cap / Fully Diluted Market Cap: 100%

From the above data, YILONG Coin is currently fully circulated, with a market value of about 47,800 US dollars (as of 3/08). There are 1,677 holding addresses, including 31 whale addresses, indicating that some of the funds may come from experienced senior investors or small-scale asset management institutions.

3.2 Coin Holding Address Distribution

• Top 10 addresses: about 22.04% of the total
• Pool: Approximately 20.72% of the total supply

Based on the existing on-chain data, it can be inferred that YILONG Coin does not have extremely centralized whale addresses (high proportion of single addresses), and the overall holdings are relatively dispersed.

Source:gmgn.ai data

4. YILONG Coin Market Quotes

4.1 Gate.io innovation zone goes live time

YILONG Coin was officially launched on Gate.io Innovation Zone on 1/17. This timing is crucial for new projects as it marks the influx of the first batch of users from centralized platforms for YILONG Coin.

4.2 Initial Performance After Listing

According to the transaction data of the Innovation Zone on Gate.io, YILONG Coin has been relatively active in trading volume in the first few days, attracting a considerable number of users to try it, mainly because meme projects often have a significant market popularity in the short term.

4.3 Review of Current Core Data

• Rank: No.620 (roughly in the middle to lower position in terms of market value)

• Price: As of 3/08, the price of YILONG Coin is approximately 0.000047945 US dollars (i.e. 0.0₄7945 US dollars)

• 24-hour change: -7.11% (Data as of 2025-03-08)

• Liquidity pool value: approximately $3.14 million (including 113.88 SOL)

• Historical high and low prices:

• As the project was issued on the blockchain on 2024-06-05 and listed on the Gate.io Innovation Zone on 1/17, the time is short, and a particularly long-term historical curve has not yet been formed. According to unofficial decentralized data sources, the historical highest price of YILONG Coin is about 0.00006 US dollars so far, and the lowest price is about 0.00003 US dollars. This range is mainly based on community secondary market trading activities, which fluctuate greatly with the wave of MEME hotspots.

5. YILONG Coin investment opportunities and risk warnings

5.1 Investment Opportunities

1. Celebrity effect: The topic itself, with high heat, if public opinion ferments again, the price of YILONG Coin may rise rapidly.

2. Community-driven: As more users passionate about MEME culture join, the community’s influence grows stronger, the number of holding addresses continues to increase, and the positive impact on the price becomes more apparent.

3. Solana ecosystem empowerment: Solana has gradually warmed up over the past year (2024-2025), with continuous enhancement of the overall ecosystem performance, which is positive for all projects based on Solana.

5.2 Risk Warning

1. MEME project is naturally unstable: short-term speculation and panic selling can both lead to extreme fluctuations, and investors need to act cautiously according to their own risk preferences.

2. Project maturity needs to be improved: Apart from the Meme culture, whether YILONG Coin has deeper application value or unique functionality is still to be observed.

3. Overall market volatility: If the crypto market enters a downturn, funds will be withdrawn from high-risk MEME tokens, leading to a shrinkage in YILONG Coin trading volume and price decline.

6. Summary

As a new Meme project, YILONG Coin has successfully attracted the attention of many crypto enthusiasts and social media users within a short period of time through the explosive social topic of “Yi Long Ma”. Its technological advantages based on Solana make community trading and interaction relatively smooth.

Although YILONG Coin currently has a small market value and high volatility, it fully embodies the explosive power of Meme culture in the crypto market: as long as it has a highly sticky community and celebrity hotspots, it can quickly gain recognition and trading volume in the short term. Of course, rational investment, attention to project compliance, and community transparency are equally indispensable. With more technological upgrades and cooperation online, whether YILONG Coin can break the curse of short-term speculation in Meme projects still requires time and market verification.