Overview
- More than 8.7 million $FUN have been staked via 5m.fun’s Ethereum contract, with tokens locked until the event ends or price milestones trigger unlocks.
- Market snapshots around Nov. 11–12 show $FUN near $0.0022 with a roughly $24 million market cap and about 10.8 billion tokens in active circulation.
- Coverage highlights that the giveaway’s design intentionally removes tokens from circulation, creating a verifiable liquidity squeeze that could magnify upward moves if demand holds.
- CoinCentral reports the staking contract is audited and fully trackable on-chain, adding transparency to stakes, rewards, and unlocks, though outcomes remain uncertain.
- Community activity is elevated with nearly 27,000 Telegram members and predominantly bullish sentiment, and reporters note expanding gaming and entertainment use cases that could support ongoing demand.