Solana meme coins are back in the headlines again, with new tokens making notable gains throughout the week. $TEA, the latest entry in this niche market, is making quite the impression with over three million community members and significant presale success within just a month of its launch.
The popularity of $TEA has exploded in recent weeks due to its unique community-first and ecosystem approach. Recently, it was the fourth most searched token on Solscan. While most meme coins tend to pursue a pump-and-dump approach, $TEA has been promoting a sustainable roadmap since the start and has already launched several DeFi features in such a short time.
After raising 38,888 SOL during its presale, $TEA was quickly listed on the decentralized exchange Raydium. After a week of trading, the meme coin currently has an average daily trading volume of nearly $3.5 million.
MemeFarming with $TEA
One of the most unique aspects of $TEA is how quickly and efficiently the team is progressing towards its $1 billion market cap roadmap milestone. The project has launched its own TEA-SWAP platform to trade or provide liquidity involving $TEA tokens.
TEA-SWAP is allowing users to add liquidity to five different meme coin trading pools, potentially boosting the utility of other major Solana meme coins like BONK and WIF. Users can receive a 3% cashback incentive, termed “BOOS-TEA,” for transactions or staking activities on the TEA-SWAP platform.
The liquidity pools on TEA-SWAP allow users to withdraw their funds at any time without being locked in for a specific period while earning rewards structured over a 3-month period.
On Raydium, $TEA holders can also add or stake liquidity to the $TEA/BONK pair, which currently offers a total APR of 94.32%. With this unique liquidity pool staking feature, $TEA is promoting wider utility and collaboration across the Solana meme coin market.
Collaborations, Charity, and Sustainability Initiatives
The token’s rapid progress in terms of ecosystem development has been reflected positively across the crypto community. In addition to gaining 3 million community members on Telegram, the project has attracted over 600k organic followers on Twitter.
$TEA developers are committed to sustaining this fast and secure progress. According to its community announcements, the token is close to its first centralized exchange listing. The developers also have a tap-to-earn game in the pipeline called ‘TapTEA’, which will further enhance the meme coin’s functionality across the wider DeFi and Web3 community.
Collaborating with RWA tokenization projects and charity initiatives is a major focus for TeaCoin, as the token wants to impact initiatives even outside the crypto space. The project has already collaborated with platforms like MemeFi, WormFare, Gotbit, CashCoin, SpinnerCoin, and AVACOIN.
Charity is a major focus of the $TEA project. Gil Petersil, a popular international speaker and tea enthusiast, is officially the meme coin’s global ambassador. In the long term, the meme coin aims to sponsor ecological and educational initiatives in tea-growing regions to promote sustainable practices.
The project also has Global Initia-TEA-ves that focus on promoting sustainable tea farming and education worldwide. The $TEA community will potentially play a larger role in supporting environmental and educational efforts on a global scale.
Final Thoughts
$TEA’s recent success highlights that the meme coin community strives for a sustainable approach, focusing on creating a strong ecosystem. Historically, meme coins have always been associated with humor and lacked any utility or border aim. $TEA is promising to change this narrative and transform meme coins into a more useful financial tool rather than just a medium of speculative trading.
Source: Bitcoin
