Stanley Cup Coin is a meme coin inspired by, but not affiliated to, the National Hockey League (NHL) Staley Cup Trophy. According to the token’s website, the $STAN supply is backed by a Stanley quencher.
This article is your go-to guide to understanding the Stanley Cup Coin. In this piece, I will discuss the key features of the meme token, its token economics, its market performance in the past, and future price predictions.
In the end, you can also find the details of where and how to buy $STAN, should you be interested in that.
Let’s dive in without any ado.
Stanley Cup Coin (STAN) Key Features
- Stanley Cup Coin makes fun of the idea of backing a cryptocurrency with real-world assets. The STAN tokens are backed by 1 Stanley quencher.
- Stanley Cup Coin is also a liquidity-burnt, contract-renounced, and trading the token does not incur any fees.
Stanley Cup Coin (STAN) Tokenomics
$STAN has a total supply of 999.981 million and all of it is existing circulation. The maximum supply is capped at 1 billion.
Stanley Cup Coin (STAN) Past Performance
$STAN was launched in January 2024, at an opening price of $0.001. With the tailwinds at the time, the token achieved traction immediately and its prices hit an all-time high of $0.09 in mid-March. However, this was followed by a gradual correction.
At the time of writing, $STAN is trading at $0.025, which is 0.60% up from yesterday.
The token now makes up a market capitalization of $25.29 million. The 24-hour trading volume stands at $1.18 million.
Stanley Cup Coin (STAN) Price Forecast
Since the token was launched only this year, we do not have enough historical data to make meaningful predictions about the price of Stanley Cup Coin.
However, in the aftermath of the fourth Bitcoin halving and the recent popularity of meme tokens, STAN is assumed to have good upside potential.
Where to Buy Stanley Cup Coin (STAN)?
Since Stanley Cup Coin is new to the market, it is not yet listed on the major centralized exchanges. You can still buy the token from Raydium and Orca. However, the available liquidity is still limited.
How to Buy Stanley Cup Coin (STAN)?
You can follow the steps below to buy Stanley Cup Coin from Raydium.
- First, download and set up the Phantom wallet. You can download it from the App Store or Play Store.
- Go to the website of Raydium and connect it to your Phantom wallet.
- Now, buy some SOL coins from Raydium or transfer them from another wallet to Phantom.
- Now, paste the token address of STAN into Raydium, select it, and hit ‘confirm’.
- Phantom will prompt you for a wallet signature. You should give your digital signature.
- Once the transaction is complete, your Stanley Cup Coins will show up on your Phanotm wallet.
Conclusion
Stanley Cup Coin is a unique meme token. Unlike other more popular meme coins that take inspiration from animal themes or internet memes, the Stanley Cup Coin is inspired by a hockey tournament trophy. Though the token is new in the market, our analysts are cautiously optimistic about its future performance.
With that being said, it is worth noting that the cryptocurrency market, since its inception, has been an extremely volatile place. The price of crypto assets, including meme tokens, tends to change a lot with the prevailing market sentiments and often does not reflect the fundamentals of its underlying platform.
The reader is cautioned to exercise prudence while thinking about putting your hard-earned money into such ventures.
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