Goblintown launches hotline to complain about its memecoin

2025-07-11 18:29:50

Main Idea

Truth Arts, the company behind Goblintown NFTs, launched a Solana memecoin (GOB) with a new token design aimed at addressing issues in memecoins, though its market value has dropped significantly shortly after launch.

Key Points

1. Truth Arts launched GOB, a Solana memecoin designed to be more sustainable and healthy by addressing common issues like sniping, MEV bots, and pump-and-dump schemes.

2. The token includes a 2.5% transaction tax and is being slowly unlocked, with allocations for Goblintown NFT holders and other related NFT collections.

3. GOB's market cap fell from $30 million to about $7 million within 24 hours, with only 10% of the total supply in circulation.

4. Truth Arts CEO Alexander Taub remains optimistic about GOB's mainstream potential despite its volatile start.

5. The company continues to engage its community with quirky initiatives like a DMV waiting simulator and a GOB hotline, embracing the chaotic nature of the crypto market.