Morud is a meme coin built on the Solana blockchain, inspired by the online persona "MustStopMurad," a notable influencer known for engaging content and the idea of “Meme Coin Supercycle”. The coin was launched on October 13, 2024, and has quickly gained traction due to its community-driven narrative and marketing efforts. Morud has a current market price of approximately $0.003368 and a market cap of around $3.4 million, reflecting its growing popularity in cryptocurrency. This article presents an overview of the Morud project, including mechanism, significance in the market and recent news.

Mechanism and Significance of Morud

Morud operates within the Solana ecosystem, utilizing the unique characteristics of the Solana blockchain. This includes its Proof-of-History (PoH) consensus mechanism, which provides high transaction speeds and low costs. Morud can be used for transactions, staking, and governance, thus providing utility beyond just trading.

The significance of Morud in the cryptocurrency market lies in its appeal as a meme coin, which tends to attract speculative investments and social engagement. Meme coins have shown resilience amidst volatile market conditions, often rising in value based on community sentiment rather than fundamental analysis. Morud's community has shown a penchant for active discussion, particularly on platforms like Twitter and Telegram.

Tokenomics of Morud

The total supply of Morud is set at 999.99 million tokens. This amount reflects the current issuance strategy and adheres to effective supply management within the market. The distribution details regarding how these tokens are issued or allocated are not explicitly provided in the available data, leaving certain aspects of its tokenomics somewhat unclear.

Overall, Morud presents an intriguing structure as a meme coin within the cryptocurrency domain, with strategies centered around community involvement and active trading engagement.

Morud Price Structure

The Morud (MORUD) token was listed on CoinEx on October 16, 2024. The MORUD/USDT trading pair is supported on the platform, enabling users to engage in transactions using Tether. As of now, Morud's price is approximately $0.003368, with a 24-hour trading volume of around $41.42K.

FAQ Section

Q1: What is Morud?

Morud is a meme coin on the Solana blockchain, inspired by the online influencer MustStopMurad, and has quickly gained popularity among crypto enthusiasts.

Q2: How can I buy Morud?

Morud can be purchased on exchanges such as CoinEx by depositing USDT and participating in the trading of the MORUD/USDT pair.

Q3: What are the risks associated with investing in Morud?

Investing in cryptocurrencies, including meme coins like Morud, carries market risks and price volatility, and potential investors should assess their financial situations carefully.

Project Overview

Project Name: Morud (MORUD)
Project Website: https://www.morudcoin.com/
Total supply: 999.99M
Explorer: https://solscan.io/token/FskzSqy7Pi1f3nWorr4WhhQboxzyv8fv6Q2e8xyDpump
Contract: FskzSqy7Pi1f3nWorr4WhhQboxzyv8fv6Q2e8xyDpump
Telegram: https://t.me/MorudPortal
X: https://x.com/MorudCTO
CEX: CoinEx
Convenient for users to know in time: https://www.coinex.com/en/info/MORUD