Billy coin has reached a market cap of $117 million, making it the second-largest token launched on Pump.fun, following Michi. Since its launch in early June, Billy’s market cap has fluctuated, reaching a high of $117 million before dropping to $115 million. The developer of Billy sold all of his tokens shortly after launch, netting $1,116, which would now be worth close to $6 million at today’s price. After the developer’s exit, community members took over the project and managed its social media and other platforms. Despite the developer’s attempts to promote other coins like Billy2, Billy3, and Fuck Billy, none of them were successful enough to reach Raydium, a key goal for all tokens on Pump.fun.
Billy’s market cap recently surged to $115 million, surpassing other celebrity meme coins such as DADDY, MOTHER, JASON, and HERO. The reason behind Billy’s sudden price jump remains unclear, although a viral meme by content creator Jonzzy significantly boosted its popularity. The price of Billy coin surged from a low of $0.021 on June 24 to an all-time high of $0.1320, placing it in the same league as major memecoins like Shiba Inu and Baby Dogecoin. With over 15,000 holders, Billy coin is mainly traded on Solana-based decentralized exchanges like Raydium, Meteora, and Orca. However, there are potential risks to the rally if insiders start selling off their tokens, a common issue with memecoins.
In addition to the price fluctuations, Billy coin has faced challenges, including a recent attack on its DEX Screener page, where attackers altered the banner photo to feature another memecoin’s dog. The community was quick to respond, reclaiming the page and reinstating Billy’s prominence. This incident highlights a known DEX Screener exploit that allows malicious actors to perform community takeovers (CTOs), posing a risk of abuse despite enabling community-led projects to update their listings.