Official Elon Coin (ELON) Calculator
Token Name: Official Elon Coin
Ticker: $ELON
Launch Date: January 19, 2025
Blockchain: Solana
Total Supply: 999.92 million
Current Price: $0.00079 USD
Market Cap: $791,000 USD
24h Volume: $7,400 USD
Potential Investment Outcome
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| Metric | Official Elon Coin | Dogelon Mars | Trump Token |
|---|---|---|---|
| Launch Date | Jan 19, 2025 | Apr 2021 | Jan 2025 |
| Blockchain | Solana | Ethereum (ERC-20) | Ethereum (ERC-20) |
| Supply | 999.92M | 100B | 1T |
| All-Time High (USD) | $0.01055 | $0.0032 | $78B market cap (price spike) |
| Current Price (USD) | $0.00079 | $0.00012 | $0.0014 |
| Major Exchange Listings | None (DEX only) | Few CEXs, many DEXs | Primarily DEX |
| Community Size (approx.) | 125K holders | 1.2M holders | 3M holders |
Ever wondered why a token named after Elon Musk keeps popping up on crypto forums? While Elon himself never launched it, a fan‑driven project called Official Elon Coin has been making waves since early 2025. If you’re curious about what it actually is, how it works, and whether it’s worth a look, this guide breaks it all down in plain language.
What is Official Elon Coin?
Official Elon Coin is a meme‑style cryptocurrency launched on the Solana blockchain on January 19, 2025. The token uses the ticker $ELON and lives under the domain official‑elon.xyz. It was created by fans who wanted to pay tribute to Elon Musk’s frequent crypto mentions, not by Musk or any of his companies. Think of it as a digital fan club badge that can be bought, sold, and traded.
Tokenomics and Technical Details
The token follows a simple supply model: 999.92million ELON tokens were minted at launch, and the entire amount is in circulation. There are no scheduled burns, lock‑ups, or staking rewards, which keeps the economics straightforward but also limits any intrinsic utility beyond speculation.
Choosing Solana as the underlying blockchain brings two clear benefits. First, Solana’s low transaction fees make it cheap to move tiny amounts of a low‑priced token. Second, the network’s high throughput means trades can settle in seconds, a nice perk for day‑traders who hop between meme coins.
Current Market Performance
As of the latest snapshot, Official Elon Coin trades around $0.00079USD, giving it a market cap of roughly $791K. The 24‑hour trading volume sits near $7.4K, which translates to a volume‑to‑market‑cap ratio of just under 1%-a figure that signals modest liquidity.
Data sources such as CoinMarketCap and Binance (which lists the price but does not offer direct trading) show slight price upticks of 3‑4% over the past day. The token’s all‑time high was $0.01055 in late January 2025, but it has since slipped nearly 93% to current levels, reflecting the typical volatility of meme‑coin markets.
Community and Adoption Metrics
The lifeblood of any meme coin is its community. Official Elon Coin boasts over 18000 followers on X (formerly Twitter) and about 8500 members in its Telegram group. According to CoinMarketCap, there are roughly 125000 token holders, indicating a fairly broad distribution for a niche project.
Community chatter often revolves around price predictions, meme contests, and occasional “airdrop” rumors. While enthusiasm can drive short‑term buying spurts, the lack of a concrete development roadmap means that long‑term engagement hinges mostly on the celebrity appeal and the whims of social media.
Comparison with Similar Meme Coins
| Metric | Official Elon Coin | Dogelon Mars | Trump Token |
|---|---|---|---|
| Launch Date | Jan192025 | Apr2021 | Jan2025 |
| Blockchain | Solana | Ethereum (ERC‑20) | Ethereum (ERC‑20) |
| Supply | 999.92M | 100B | 1T |
| All‑Time High (USD) | $0.01055 | $0.0032 | $78B market cap (price spike) |
| Current Price (USD) | $0.00079 | $0.00012 | $0.0014 |
| Major Exchange Listings | None (DEX only) | Few CEXs, many DEXs | Primarily DEX |
| Community Size (approx.) | 125K holders | 1.2M holders | 3M holders |
The table shows that while Official Elon Coin mimics the hype engine of its peers, it lags behind in both market cap and community reach. Dogelon Mars, for example, has built a more sustained narrative around “intergalactic currency,” whereas the Trump token’s brief explosive surge was largely a novelty flash.
Risks and Regulatory Concerns
Investing in meme‑coins like Official Elon Coin carries several red flags:
- Extreme Volatility: A 92% drop from the all‑time high in just a few months is not unusual.
- Limited Utility: The token offers no staking, DeFi, or real‑world use case beyond trading.
- Trademark Exposure: Using Elon Musk’s name without permission could attract legal scrutiny.
- Regulatory Ambiguity: Authorities worldwide are tightening scrutiny on tokens that masquerade as endorsements.
Because the project lacks an official roadmap, any future development is speculative at best. Potential investors should treat it as a high‑risk, high‑speculation asset.
How to Buy and Trade Official Elon Coin
If you decide to dip your toe in, you’ll need a Solana‑compatible wallet (e.g., Phantom or Solflare) and access to a decentralized exchange (DEX) that lists SPL tokens, such as Raydium or Orca. Here’s a quick step‑by‑step:
- Set up a Solana wallet and secure the recovery phrase.
- Buy a small amount of SOL (Solana’s native coin) on a major exchange.
- Transfer SOL to your wallet.
- Connect the wallet to a Solana DEX.
- Search for the contract address
BftUiG…Sopump(the official ELON token address) and execute a swap.
Remember: because the token isn’t on centralized platforms like Binance for direct trading, you’ll rely on DEX liquidity, which can be thin and lead to slippage.
Frequently Asked Questions
Is Official Elon Coin officially endorsed by Elon Musk?
No. The token was created by fans and has no formal connection to Elon Musk or his companies.
Which blockchain does Official Elon Coin run on?
It is an SPL token on the Solana blockchain.
How can I store ELON tokens safely?
Use a non‑custodial Solana wallet like Phantom, keep your recovery phrase offline, and avoid sharing private keys.
What are the main risks of buying this token?
High price volatility, no real utility, potential trademark lawsuits, and reliance on hype‑driven social media sentiment.
Where can I see the latest price and market data?
Sites like CoinMarketCap and Binance (price ticker only) provide up‑to‑date figures.
Before you jump in, weigh the novelty factor against the clear downsides. Meme coins can deliver quick thrills, but they rarely offer lasting value.
Official Elon Coin shows a typical meme‑coin pattern: a modest market cap, tiny daily volume and a community that lives mostly on Twitter and Telegram. The low transaction fees on Solana make it easy to move even fractions of a token, which is why day‑traders are drawn to it. However, without any staking or utility the token’s value is driven solely by hype cycles.
The token has zero fundamentals and is pure speculation.
Liquidity on the DEXs is thin; a few thousand dollars of trade can shift the price dramatically. That makes it risky for anyone who isn’t ready to absorb big slippage.
When you look beyond the surface glitter of a meme token, you find a mirror reflecting our collective desire for quick thrills. The Elon moniker taps into a cultural zeitgeist where celebrity endorsement, even imagined, fuels speculative frenzy. On Solana, the frictionless swaps invite impulsive buying, yet the same frictionless environment can erase those positions in seconds. The community’s size-roughly 125 K holders-suggests a broad, but shallow, base; many hold only a few tokens as a badge rather than an investment. This lack of deep commitment means price spikes are often followed by rapid declines, a pattern evident in the 93 % drop from its all‑time high. Moreover, the token carries a trademark risk: using Elon’s name without permission could attract legal action, adding another layer of uncertainty. From a technical standpoint, the SPL token standard offers no built‑in governance, so any roadmap is purely speculative and driven by community whispers. The absence of staking, yield, or utility further narrows the use‑case to trading alone. While the low fees are attractive, they also lower the barrier for pump‑and‑dump schemes. In regulatory terms, meme coins are increasingly on the radar of authorities wary of misleading branding. The token’s DEX‑only status means you rely on thin order books, which can amplify price impact. If you’re drawn by the novelty, remember that novelty fades quickly once the meme loses steam. Ultimately, investing in ELON is a high‑risk bet on social media momentum rather than technical merit. Treat it as you would any speculative venture: allocate only what you can afford to lose and keep a vigilant eye on community sentiment.
It’s refreshing to see a token that embraces the playful side of crypto while still being transparent about its risks. The community’s enthusiasm can be a catalyst for short‑term price bursts, but as you pointed out, without a clear roadmap those bursts are fleeting. By staying disciplined and setting clear entry‑exit points, you can enjoy the excitement without exposing yourself to catastrophic loss. Remember that the Solana ecosystem’s speed and low fees are assets, yet they also attract a lot of speculative traffic. Keeping a balanced perspective helps you ride the waves rather than get swallowed by them.
Yield‑farming this meme is pure speculation.
Before you jump in, factor in the transaction fees on Solana and the potential slippage on thin DEX pools.
Sounds like another pump‑and‑dump.
Your naive optimism blinds you to the scam‑like nature of this token.
Focus on risk management and never invest more than you can afford to lose.
From a technical perspective, the Solana blockchain gives you sub‑second settlement, which is great for quick trades, but it also means price swings can be brutal. A solid strategy is to set stop‑loss orders just below key support levels identified on the DEX charts. Combine that with a realistic profit target-say 20‑30 %-and you can lock in gains before the hype fizzles. Keep an eye on community sentiment on X and Telegram; sudden spikes in chatter often precede price moves. Also, diversify: don’t put all your capital into a single meme token. Pair ELON with more established assets to smooth out volatility. Lastly, stay aware of any potential trademark notices from Elon’s legal team; a cease‑and‑desist could trigger a rapid price dump.
Stay positive, keep learning, and remember that every trade is a lesson.
Exactly-track your entries, set clear stop‑losses, and celebrate small wins while staying humble.
In the U.S., regulators are tightening the net around meme tokens that misuse celebrity names.