Overview
MARVIN, the Meme token inspired by Elon Musk's Havanese dog, has gained significant attention in the crypto space. Below is a detailed breakdown of its recent developments, price trends, and market performance.
Key Events
2025-01-07: Vitalik Buterin Responds to Marvin Community
Ethereum co-founder Vitalik Buterin engaged with the Marvin community, emphasizing the importance of combating airborne diseases. The Marvin team expressed interest in collaborating on global health initiatives, showcasing blockchain's potential in philanthropy.
2025-01-06: Vitalik Sells 4.6 Billion MARVIN Tokens
On-chain data revealed that Vitalik sold 4.6 billion MARVIN tokens ($70K), retaining 5 billion. This move influenced market sentiment temporarily.
2024-12-26: MARVIN Market Cap Surges 16.03%
MARVIN’s market cap exceeded $11.45M, marking a 24-hour increase of 16.03%. The token’s growth was attributed to Elon Musk’s continued social media mentions.
2024-12-02: 24-Hour Spike of 35%
MARVIN’s price surged 35% in 24 hours, reaching $0.0000433. Its fully diluted valuation (FDV) hit $18M, with nearly 7,000 holders.
2024-11-22: First Token Burn Event
Marvin7055 executed its first burn, destroying 162 billion MARVIN tokens (worth $400K) to enhance scarcity.
2024-11-18: 100% Price Rally
MARVIN’s price doubled within a day, hitting $0.000043. Holder count approached 6,000, reinforcing its meme-coin appeal.
2024-11-16: 300% Rally in 72 Hours
The "Martian Dog" variant (7055) skyrocketed 300%, trading at $0.0000145. FDV reached $6M amid growing hype.
2024-10-22: Partnership with CLS Global
Marvin secured liquidity support from crypto market maker CLS Global, boosting its 24-hour performance by 50%.
2024-10-10: MEXC Listing Announcement
Marvin7055 was listed on MEXC, amplifying exposure. The project donated $10K worth of tokens to Vitalik’s charity wallet.
2024-09-28: 50% Single-Day Surge
Price jumped to $0.0000094, with FDV at $4M. Early adopters saw significant gains.
Historical Context
- 2022-04-11: Marvin Inu’s bridge hack led to a $110 ETH theft. The team resolved the issue and initiated buybacks.
- 2022-03-17: Phala Network’s Marvin Tong highlighted smart contract limitations for Metaverse scalability.
Tokenomics
| Metric | Details |
|-------------------|----------------------------|
| Launch Date | October 11, 2021 |
| Total Supply | 19.69M MARVIN |
| Circulation | 0 (subject to burns) |
| Tokenomics | 2% holder rewards, 4% liquidity, 2% marketing |
FAQs
1. What drives MARVIN’s price?
MARVIN’s value hinges on Elon Musk’s endorsements, community engagement, and strategic burns.
2. How does MARVIN reward holders?
2% of each transaction is distributed to holders proportionally.
3. Is MARVIN a good investment?
As a high-volatility meme coin, it suits speculative portfolios. Always DYOR.
4. Where can I buy MARVIN?
It’s available on MEXC and decentralized platforms like PancakeSwap.
👉 Explore MARVIN trading pairs
Conclusion
MARVIN exemplifies the power of meme culture in crypto. With strategic burns, partnerships, and viral momentum, it remains a token to watch. For real-time updates, follow its official channels and monitor market trends.
Disclaimer: Crypto investments carry risks. This content is not financial advice.