What Is Billy: The Power of Community Meme Coin on Solana

Bittime - Among the various types of coins that exist in crypto, one of them is memecoin and one of the many meme coins that exist, there is Billy as one of the memecoins on Solana. Billy has a unique story where the community actually saved this coin when the developer sold it. Check out the story below.

What is Billy(BILLY)? The Story of the Power of the Meme Coin Community on Solana

Billy (BILLY) is a meme-based crypto asset on the Solana blockchain that has unexpectedly caught the attention of the crypto community. Originally launched on Pump.fun in early June, Billy was abandoned by its developers shortly after launch.

Billy's Sale by Developer

Billy developers sold all of their tokens within 20 minutes of the coin launch, raising $1,116. 

According to SolScan, that amount is now worth $8.65 million at BILLY’s current price. The wallet used for this transaction has not held any BILLY since then, according to on-chain data.

Community Saves Billy After Developer Leaves

Despite the developer’s departure, the Billy community refused to let the coin disappear. The community’s dedication was evident when the developer tried to leverage Billy’s early success to promote other new tokens, causing friction and conflict on social media platforms, especially Twitter. 

The developer's threat to delete all Billy-related social media accounts didn't stop the community.

Minh Dynasty's Comments on Meme Coin

Billy Community Takeover (CTO) member Minh Dynasty described the moment on Decrypt's 'What's the Meta?' podcast: "It went from fear and panic to this is an opportunity. It was fun. It was a unifying moment. There were like 300 people on Telegram all trying to give feedback."

Billy Community Forms New Telegram Channel

Within hours, the resilient community formed a new Telegram group, Twitter account, and website to keep the project going. They updated the DEX Screener with new links, ensuring Billy’s continued presence in the crypto space.

The Power of Community in the Crypto World

Community takeovers (CTOs) are not uncommon in the meme coin ecosystem and on platforms like Pump.fun. Often, meme coins are created by developers to make a quick profit by selling their tokens early. 

However, when investors believe in the potential of a project, they step in to push the project forward, as seen with Billy.

Conclusion 

The journey of meme coin Billy is a testament to the power of community in crypto. From being abandoned to reaching a $200 million market cap, Billy’s success story shows how collective effort and belief can turn a seemingly doomed project into a thriving one. 

For the full story, bittimers can listen to the latest episode of 'What's the Meta?'.

How to Buy Crypto with Bittime

You can buy and sell crypto assets easily and safely through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed your identity verification. Also, make sure you have sufficient balance by depositing some funds into your wallet. Just so you know, the minimum asset purchase on Bittime is IDR 10,000. After that, you can make crypto asset purchases in the application. 

Monitor the price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.