Propose an edit: GUMMY

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Title Category One sentence summary Infobox, one "key: value" per line Article body, markdown, use [[wiki links]] and end with a ## References section

GUMMY is a [[meme coin]] on [[Solana]] depicting a cannabis themed gummy bear, launched in April 2024 and timed to the 4/20 internet holiday. It is chiefly remembered as the influencer launch of the spring 2024 meta, promoted by Ran Neuner, the South African host of the Crypto Banter streaming network.

## Origin

The token launched in mid April 2024 with a supply near one billion, described on its listings as a 420 weed gummy bear ready to take the Solana ecosystem by storm, a deliberately lightweight premise even by meme standards. Its distinguishing feature was distribution of attention rather than of tokens: Neuner's promotion put GUMMY in front of one of the largest retail audiences in crypto media within hours of launch, previewing the celebrity and KOL launches that would define later 2024.

## Market history

The launch produced one of the sharper vertical moves of the season. 99Bitcoins reported the token pumping roughly 1,000x into the 4/20 weekend and reaching a market capitalization of about 150 million dollars at the height of the April 2024 rally, with some traders publicly targeting half a billion. CoinGecko records the all time high at about 0.228 dollars on April 22, 2024. The same coverage documented the cost of the spectacle: a sniper was reported to have turned 10,000 dollars into 10 million in two days by buying at launch, a story that fed accusations, aired across Crypto Twitter, that insiders and early bots captured much of the move; the accusations were never formally substantiated. The retrace was near total. GUMMY fell more than 99 percent from its high, and by 2026 traded at a market capitalization around 150,000 dollars with negligible volume on [[Raydium]].

## Cultural impact

GUMMY became the reference case for the influencer launch debate in [[the trenches]]: proof that a large media audience could conjure a nine figure valuation in a weekend, and equally that such valuations had no floor once promotion stopped. The sniper story attached to its launch is still cited in arguments about launch fairness that later pushed volume toward [[pump.fun]] style bonding curves, and Neuner's association made GUMMY an early entry in the lineage of personality driven coins that ran through [[MOTHER Iggy]] and the celebrity wave that summer.

## References

- https://99bitcoins.com/news/sniper-turns-10k-to-10m-in-2-days-with-ran-neuners-gummy-meme-coin-on-solana/
- https://www.coingecko.com/en/coins/gummy
- https://coinpedia.org/press-release/gummy-price-prediction/
- https://coinmarketcap.com/currencies/gummy/

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