Many meme coins have been created simply from the inspiration behind Dogecoin and Shiba Inu. Admittedly, several meme projects like PEPE, Floki Inu, Bonk and recent ones like Dogwifhat and BOME have gone on to have impressive runs. That said, a bigger number of meme coins have either fallen flat or have gone on to turn out to be rip-offs or pump-and-dump schemes. However, the underlying factor is that a vast majority of meme coins have no intrinsic use. Ethereum-based GEKKO HQ crypto coin is one such coin.
GEKKO coin has a total of 200,000,000,000,000 (two hundred trillion) total token supply. As of this writing, it trades at $0.00000286, with a fully diluted valuation of about $572 million. The current circulating supply is 30% or 60 trillion tokens, 140 billion or 70% of the tokens are described as “supply reserved for burning”. Furthermore, according to Coingecko (no relation with GEKKO), it has a 24-hour trading volume of $105,857.
The GEKKO coin website does not share a whitepaper on the project. Furthermore, there are no clear timelines for achieving specific milestones. The website only outlines the project in three steps as follows:
Phase 1
Phase 2
Phase 3
On its website, gekkohq.com. there is no mention of people or institutions behind the project. That means there’s nobody to be held accountable in case the project collapses. Also, the description of the coin on the website is as follows: “$GEKKO is a meme coin with no intrinsic value or expectation of financial return. It is completely useless and is for entertainment purposes only.” If there are red flags in the crypto space out there, you bet it doesn’t get redder than that.
The other warning about GEKKO is the fact that it is only listed on two Centralised Exchanges (CEXs), namely Crypto.com and DigiFinex. This can make it difficult for users with geographic restrictions on those sites to access the coin. However, it is also listed on one Decentralised Exchange (DEX), Uniswap. Furthermore, when I attempted to buy GEKKO on Uniswap, a pop-up message came out warning me of the risk involved In close relationship with this is that there’s no reliable data on the price movement of GEKKO Hq coin.
As discussed above, GEKKO is currently only listed on Uniswap and Crypto.com, with limited trading activity. Based on this factor, its exposure is currently limited. Also, it is extremely volatile, with price range of 335% between its all-time high and all-time low, approximately 40 days apart. However, the price chart on Crypto.com shows that it hast risen by about 146% in the last one year. Therefore, assuming it retains the same growth trajectory, it could hit a high of $0.0000042 by May 2025. However, weighing in its 52-week low of $0.000000805 gives us a median price of about $0.00000214 during that period.
If you want to buy GEKKO, the easiest way is to log into the project’s website, gekkohq.co and click on a prominently placed link to buy on Uniswap. You will then be directed to connect your wallet. You can choose from Coinbase Wallet, OKX Wallet, MetaMask or WalletConnect. By connecting these wallets to Uniswap, you will be able to trade GEKKO, and view your current holdings. Also, you can head to Crypto.com or DigiFinex and get it.
As discussed above, GEKKO coin is a meme token with no intrinsic value or utility. In the absence of these factors, there’s little to look forward to in terms of its development. Furthermore, there’s no information regarding the project’s development team, which is a major risk. Also, the website clearly states that the coin promises no financial benefits.
This post was last modified on May 06, 2024, 18:24 BST 18:24