Goblintown, the off-beat Ethereum NFT collection run by Truth Arts, has quietly launched its own meme coin, GOB, on the Solana blockchain. The token was released in stealth late Tuesday before an official reveal on Wednesday, giving Goblintown and its companion NFT holders a fresh asset tied to the project. Only 10% of the one-billion-unit supply was unlocked at launch, leaving a circulating market value of roughly $1.8 million. Vesting is linked to each individual NFT rather than to wallet addresses, with holders able to claim accrued GOB weekly over 24 months. Company insiders face a 30-month vesting period with a six-month cliff. GOB’s design also adds a 2.5% transaction fee that is earmarked for liquidity, operations and token buy-backs, an attempt to curb the rapid boom-and-bust cycles that plague many meme-coin launches. Within hours of trading, the token’s fully diluted valuation briefly touched about $40 million before settling near $18 million. At prevailing prices, each Goblintown NFT confers roughly $800 in claimable GOB, released at a rate of 1% a week.
The creator of Ethereum NFT collection Goblintown thinks there's a better way to launch meme coins—and it just did so with GOB on Solana. https://t.co/XuOCwSNni9
huge congrat to @goblintown and the very smart and cool @ajt on the launch of $GOB - these guys know how to get and keep attention so looking forward to what they have up their sleeves
BREAKING: Goblin Town just launched their $GOB token Token pumped to $40M, currently at $18M At current prices, Goblin Town NFTs are eligible to claim $800 in $GOB, distributed weekly (1% per week) The current circulating MC is $1.8M (10% unlocked at launch) Are you a buyer? https://t.co/uC4PzT0NzQ