Bitcoin broke $10,000, Ethereum surpassed $2500, and is Solana's hot streak about to make a comeback?

The current market is in a state of macro euphoria, with GOONC riding the wave today, skyrocketing by 10x in just a few hours, reaching a market cap of tens of millions of dollars, with trading volume exceeding $50 million. There are also rumors that the developer may be from OpenAI (although unconfirmed, it is intriguing enough).

The "gooning" Culture in Forums

A ludicrous-to-the-extreme Solana meme that some people actually buy into.

GOONC is a meme coin that has emerged from the "gooning" subculture, offering no technological innovation or practical use, with its sole function being hype.

Its inspiration comes from an NSFW term "gooning," which refers to a person being deeply immersed in certain content (you know what), eventually entering an almost religious psychedelic state.

On Reddit (such as r/GOONED, r/GoonCaves) and some subcultural media outlets (such as MEL Magazine's coverage in 2020), "gooning" has gradually transformed from an adult label to a synonym for obsession with memes, digital content, and virtual self-entertainment. It can be seen as the epitome of Degen spirit.

GOONC is playing around with this concept, packaging the addictive nature, uselessness, and ironic spirit of gooning into a tradable financial product. The project team explicitly stated: "We don't solve blockchain problems; we only trade absurdity." No frills, but also quite sincere.

GOONC was launched on May 13, 2025, using the meme coin launch platform Believe App's LaunchCoin module built on Solana. This tool is very Degen: zero technical barriers, a few clicks to create a coin, perfect for projects like GOONC that can come up with ideas on the spot.

The mastermind behind GOONC is also not simple. The most-discussed personality is @basedalexandoor, a KOL on X platform (alias "Pata van Goon"), who personally got involved. His profile even caught the attention of Marc Andreessen, co-founder of a16z, leading onlookers to speculate whether GOONC might have some OpenAI lineage.

While this "OpenAI Endorsement" is currently just community speculation, it is definitely a smart move to hype up emotions. Saying "we are purely speculative" on one hand, while throwing in a few "AI + a16z" tags on the other.

Overnight, From Wasteland to Moon

GOONC's launch was a blast-off moment. After going live on May 13, 2025, its market cap skyrocketed to $22 million within just 4 hours, with a 24-hour trading volume exceeding $25.6 million. According to platform data, on the first day of trading, it saw an astonishing +41,100% price increase, soaring from $0.0000001 to $0.02, quickly becoming a "too late to get in" situation.

Following its launch, GOONC quickly formed an active trading community, with numerous discussions and trade signals appearing on X platform (such as the 292x return signal provided by DeBot). Liquidity pools on exchanges like Raydium and Meteora saw rapid growth, supporting the high trading volume and price surge.

The real climax came between May 13 and 14, with the market cap rising to $5.5 million in the morning and directly breaking through $55 million in the afternoon. By the 14th, it briefly approached a $70 million market cap, with trading volume shooting up to $59 million. Some in the community even shared charts showing an increase of +85,000%, creating a new myth out of the wreckage.

As of 1:30 PM on May 14, the price stabilized around $0.039 with a total market cap and FDV (Fully Diluted Valuation) both around $39.6 million, and a 24-hour trading volume of $5.43 million. Active platforms included XT.COM, LBank, Meteora, among others.

Although there was a slight pullback from the peak ($0.07), the coin's popularity remained strong. For a coin that relied purely on "irony + community + X posts" to gain traction, this performance is already in the starry segment.

Currently, the development team behind the token lacks transparency, increasing the potential risk of a rug pull. Rugcheck.xyz has warned that the creator of GOONC's contract may have permission to alter the contract (e.g., change fees or mint more tokens), posing a certain security risk.

Community analysis suggests that GOONC's meteoric rise may be the "last hurrah."

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