Eye Cat ($EYCAT): The All-Seeing Solana Shitcoin or Just Another Dead Meme?

In the fever dream of Solana’s Pump.fun memecoin mania, one creepy cat coin clawed its way to viral heights – and back down into the abyss. Eye Cat ($EYCAT), launched with the eerie slogan “Cat’s eyes are watching you while you sleep,” made an explosive debut on Solana’s PumpSwap DEX​dexscreener.com. In true degen fashion, its price action was a blink-and-you’ll-miss-it rollercoaster, fueled by FOMO on X (Twitter) and Telegram. But behind the edgy meme and momentary moonshot, what really happened with $EYCAT? Let’s dig into the chaos: the rapid pump, the community buzz (and bust), who’s pulling the strings, the whale moves and liquidity plays, and whether there’s any life (or nine lives) left in this cat-themed coin

Whiplash Price Action from Launch to Now

Eye Cat launched in the thick of Solana’s late 2024/early 2025 memecoin frenzy – a period when new tokens were popping up by the thousands. $EYCAT’s trading debut was nothing short of ballistic. Within hours of launch, the token’s price skyrocketed by +196% in ~3 hours​geckoterminal.com, and by the 4-hour mark it was up over +300%​dexscreener.com. Early buyers (“apes” in degen parlance) who got in at the ground floor saw the price go from virtually zero to ~$0.00026 in mere hours​dexscreener.com. Trading volume was immense out of the gate – about $645K in the first 3 hours​geckoterminal.com and climbing to $719K by hour 4​dexscreener.com – as frenzied traders piled in. Liquidity initially sat around ~$50K on Pump.fun’s AMM (PumpSwap)​dexscreener.com, enough to allow fast in-and-out trades but still small enough that a few SOL could jolt the price. Notably, in those first hours buy transactions far outpaced sells (3,440 buys vs 1,027 sells)​dexscreener.com, painting a picture of a FOMO-driven surge with relatively fewer wallets cashing out early. The result? A quick fully diluted market cap leap to about $245K within hours​dexscreener.com – not bad for a coin literally nobody had heard of a day prior.

But if you blinked, you missed the top. By the end of its first 24 hours, $EYCAT had reportedly exploded over +2500% from its launch price​gmgn.ai, an insane 25× gain for early adopters. Yet true to the pump-and-dump nature of these Solana shitcoins, the momentum couldn’t hold. After the initial moonshot, gravity kicked in hard. As the earliest buyers (including likely bots/snipers) unloaded their bags, Eye Cat’s price began tanking. Within days (if not hours) of the peak, the token’s market cap had nosedived. At one point, the fully diluted value shrank to roughly $67K with liquidity down to ~$26K​dexscreener.com – a shell of its former self. In plain English: Eye Cat lost well over 70-90% of its value from the highs, erasing most of those paper gains. This pattern is par for the course with Pump.fun coins – as one analysis put it, these memecoins “pump-and-dump… focusing on attracting buyers for the launch but [losing] most of their value almost immediately after”​cryptoslate.com. Eye Cat proved no exception; after the initial pump, it bled out in classic fashion. By now (months later), $EYCAT trades at a fraction of its launch-day price (virtually microscopic in USD), with sporadic volume if any. In short, the hype was ephemeral – a firework that flashed in January’s sky and fizzled. Price-wise, anyone still holding $EYCAT is either down bad or simply forgot they have it in their wallet.

Community Hype & Social Media: From Meows to Silence

In the early hours of Eye Cat’s launch, Solana degens on X (Twitter) and Telegram were buzzing about this spooky feline meme coin. Several crypto call accounts on X (like “Bull Pump Calls”) flagged $EYCAT as the hot new launch, sharing the contract address and initial stats (“Age: 15m, MCap: $73K” in one alert) to entice followers​x.com. The project’s own Twitter account @EyeCatSol sprang up in January 2025, touting the phrase “Cat’s eyes are watching you while you sleep” as both bio and rallying cry​x.com. This tongue-in-cheek creepy slogan gave the community a meme to latch onto – a mix of edgy and absurd that fits the Solana degen vibe. Early posts from the Eye Cat account were typical hype: announcing the launch (“Meow meow! $EYCAT is launched!”) and urging traders that it would “get trending very soon,” accompanied by cat emojis and meme energy. A Telegram channel was opened for the community (also named Eye Cat), and initial FOMO brought in a modest crowd. At launch, dozens of traders hopped into the Telegram, sharing cat memes and watching the chart like hawks (or rather, cats).

For a brief moment, it felt like Eye Cat could become the next big meme on Solana – the community energy was there in the first few hours. Traders on X were posting screenshots of the price chart rocketing up, peppered with jokes like “this cat has laser eyes!” and “don’t blink or Kitty’s gone to the moon.” Some embraced the spooky theme, responding with GIFs of wide-stared cats in the dark. Meme culture is half the battle for any coin like this, and Eye Cat at least had a distinct angle (creepy cat watching you) compared to the usual doge derivatives. That said, the meme didn’t have that much depth beyond the one tagline and a simple logo – a minimalist cat face with big blank eyes. It was enough to spark initial curiosity, but not enough to sustain a real cult following.

Indeed, once the price inevitably started dumping, the community sentiment flipped from euphoria to the typical post-pump hangover. The Telegram, which may have peaked at a few hundred members at launch (if that), quickly became a ghost town as many short-term flippers left or lurked quietly. Today, the Eye Cat Telegram sits at just 43 subscribers​t.me – basically on life support. On X, the official account never amassed more than a few dozen followers (currently under 50)​x.com and went largely silent after the initial hype cycle. There’s little to no ongoing chatter about $EYCAT on social media now; the degens have long since moved on to the next meme du jour. Every now and then you might see a random comment like “remember $EYCAT?” or someone tagging it in a list of dead coins, but any organic community is effectively gone. The sentiment went from “edgy and excited” during the pump to “jaded or indifferent” after the dump. If anything, Eye Cat is now mostly a cautionary tale among Solana meme traders – a reminder of how quickly these things can explode and implode. In the words of one Solana degen on Twitter, “that cat watched us sleep, stole our SOL, and vanished.” Savage, but not entirely inaccurate.

Mysterious Creators: Who’s Behind Eye Cat?

So who created this thing? In true meme coin fashion, $EYCAT’s creator is anonymous. There’s no public team, no “dev dox,” no roadmap – nothing. Eye Cat was spawned via Pump.fun’s one-click token launcher, which allows anyone to mint a new coin as a “fair launch” with no presale and no team allocation​pump.fun. That means, at least on paper, the developers didn’t pre-mine a bag for themselves nor hold an official dev fund. Everyone was supposed to have equal chance to ape in at launch. However, “fair launch” doesn’t guarantee even launch – insiders can still deploy bots or be the first buyer the instant the coin is live. We suspect the Eye Cat deployer likely had a strategy: often the creator can buy a chunk of their own token at fractions of a penny in the first seconds, effectively giving them a pseudo-team allocation that they can dump later. This is common in the Solana meme scene, where insiders use bots (snipers) to grab huge positions at launch​cryptoslate.com. In the case of $EYCAT, we don’t have a named founder to scrutinize. The token’s X account was brand new (created January 2025) and mostly tweeted in meme-speak; no identities or serious project credentials were ever revealed. It’s safe to assume the “team” was one or a few pseudonymous individuals looking to ride the Pump.fun wave. They set up the token, social accounts, and likely provided initial liquidity via the Pump.fun platform’s bonding curve mechanism, then let the degeneracy take over.

We dug for any clues about the Eye Cat dev’s other projects or background, but came up empty. There’s no evidence linking Eye Cat to a known meme coin cabal or influencer group – it seems to have been a smaller scale attempt, not one of those high-profile coordinated launches (like the infamous Libra or Trump coins on Solana). The creator’s wallet (which would be the token mint authority on Solana) hasn’t been explicitly identified in public analyses. Given Pump.fun’s structure, the mint authority was Pump.fun’s program itself (the platform handles the token creation), so the original dev might not even retain special privileges after launch (aside from any tokens or LP they hold). In Eye Cat’s case, any notion of “developer activity” post-launch is basically nonexistent. No updates, no utility added, no further engagement – nothing to indicate an active team. This is typical for these meme coins: they are fire-and-forget tokens. The anonymous dev’s likely goal was to ignite a hype spark, hope it catches fire, and profit if it does. If it doesn’t moon sustainably, they move on. In summary, $EYCAT’s background is as shadowy as a cat in a dark alley – you won’t find a legit team or roadmap here, just anons playing the meme game. That itself is a red flag for anyone expecting more than a quick gamble.

Liquidity, Whales & On-Chain Shenanigans

Despite the fair-launch premise, not everyone in $EYCAT was equal – whales and early buyers clearly had the upper hand. On-chain data from the first day shows nearly 2,000 addresses holding Eye Cat​dexscreener.com, which sounds decentralized, but the distribution was likely top-heavy. If a handful of sniper wallets accumulated a large percentage of the supply at low prices, they effectively became the “whales” of Eye Cat. These whales can massively sway the market – and it appears they did. Recall that while thousands of buy orders flooded in, a much smaller set of sell orders cashed out almost the same volume​dexscreener.com. This implies a few big holders were dumping on many small holders, a classic wealth transfer in pump-and-dump land. It’s very likely the wallets behind those 1,000-ish sell transactions included the Eye Cat deployer and early insiders. They rode the price up then unloaded chunks of tokens once enough FOMO money entered – causing the cascading dump we described. This pattern aligns with what on-chain analysts have observed in Solana meme pumps: bots and insiders snag huge positions at launch and then rug retail by dumping into the spike​cryptoslate.com. Any unsuspecting degen buying late became exit liquidity for these whale wallets.

Another vector to examine is liquidity. Eye Cat’s liquidity pool on PumpSwap started around ~$50K​dexscreener.com. Notably, according to third-party token trackers, this liquidity was not locked in a contract (CoinAlpha flags EYCAT’s liquidity status as “non-lock”​coinalpha.app). That means liquidity providers (likely including the creator) could pull the LP tokens at any time. We did not witness a sudden liquidity rug (there was no moment where all liquidity vanished overnight, which would have instantly killed the price completely). However, liquidity did dwindle over time – as the token’s value fell, the pool’s USD value shrank, and some liquidity may have been removed. By the time $EYCAT was in its dump phase, liquidity was roughly halved to ~$26K​dexscreener.com, suggesting either normal impermanent loss or deliberate LP withdrawal. An unlocked pool is always a risk: the dev or any big LP could yank liquidity, cashing out the SOL and leaving only worthless tokens behind. Even the threat of that can scare away traders. In Eye Cat’s case, there’s no evidence of a full liquidity rug, but the possibility hung in the air. The Pump.fun platform itself adds another wrinkle – it uses a bonding curve to initialize trading. Early buyers purchase from the bonding curve (which mints tokens and takes their SOL), and once a certain cap is reached, the token “graduates” to a tradable AMM pool. Eye Cat did graduate (i.e., it hit the target to create a PumpSwap pool). That process likely gave the Eye Cat creator some SOL or LP tokens from the initial sales. We can’t be certain how much, but if the dev ended up holding a chunk of the LP, they could have later removed it for SOL. All told, the whale activity in $EYCAT appears to be the typical mix of insiders dumping and possibly trimming liquidity – nothing overtly unique, but definitely not “community friendly” behavior. For everyday holders, this meant slippage and volatility were nasty; a few big sales could tank the price due to the low liquidity, and that’s exactly what happened.

On the flip side, one semi-positive note: smart contract risk wasn’t a big issue for Eye Cat. Pump.fun tokens are standardized, and DexScreener’s automated audit flagged “No issues” with EYCAT’s contract​dexscreener.com. There were no obvious honeypot traps (you could buy/sell freely) and no mint function shenanigans after launch (the Pump.fun token authority is usually fixed). So the contract itself was probably fine – the real dangers were human: whales, unlocks, and hype manipulation. If you’re a degen who aped into Eye Cat, your loss didn’t come from a bug or hack, but from other traders outplaying you. As harsh as it is, that’s the memecoin game.

Risks, Red Flags and Potential Catalysts

What are the risks? Frankly, almost everything about Eye Cat screams risk. This was a pure meme coin with zero intrinsic value or use case – the token exists “for the lulz” and speculative trading only. That means if the hype dies, the token dies (which we’ve basically seen happen). Key red flags include the anonymous dev and lack of transparency, the unlocked liquidity, and the heavy concentration of tokens among early buyers. Any one of those is enough to label a project high-risk; combined, it’s radioactive. Moreover, Eye Cat launched on Pump.fun, a platform that itself has had security issues – notably a flash loan exploit in 2024 where an attacker drained ~$2 million by abusing the bonding curves​blockworks.co. While that exploit was patched and was unrelated to Eye Cat directly, it underlines that playing in these experimental Solana meme platforms can carry smart contract and platform risk beyond just the token at hand. There’s also the broader market context: by late February 2025, the Solana memecoin mania had largely cooled off​cryptoslate.com. When overall sentiment shifts and new coin launches slow down, these earlier tokens lose any tailwind. Eye Cat went from riding a hype wave to being beached on the shore in a matter of weeks, simply because the degen crowd moved on. Holding a bag of a fad meme coin into the downtrend is a recipe for heavy losses – a lesson many learned the hard way.

Is there any hope or potential pump catalyst left for $EYCAT? In all honesty, catalysts are few and far between. This isn’t a project with a development roadmap or upcoming news that could drive value. Any future pump would likely be purely speculative. One scenario: a random influencer or trading group could decide to revive Eye Cat for a coordinated pump (we’ve seen stranger things – sometimes old memes resurface for mini-pumps). The fact that $EYCAT still has a recognizable meme (creepy cat eyes) could, in theory, be used to rekindle interest. For instance, if some viral thread on X joked about “the return of Cat’s Eyes” or a TikTok trend featured the token, it might spark a new wave of degens buying in for giggles. Also, cat-themed coins are a perennial subgenre in crypto; if another cat coin runs big, traders occasionally rotate into related tokens (a rising tide lifts all cats?). However, these are long shots. The more likely reality is that Eye Cat remains a ghost unless another Solana meme season kicks off. If Solana sees a second coming of memecoin mania, some opportunists might scroll through past Pump.fun tokens to find “laggards” to pump – Eye Cat could be one of those since it has a meme-able brand. In that scenario, today’s dirt-cheap price could, hypothetically, 10× on pure speculation. But make no mistake: that would be a greater fool play. Anyone buying in hoping for a revival pump must have a solid exit plan because the fundamental value is zero and the token could be abandoned entirely. Consider this a lottery ticket, not an investment.

As for warning signs, they abound. The token’s socials are dead, indicating no community support to sustain any rally. Liquidity is tiny, meaning the price can be manipulated up or down with relatively little capital – great for a quick pump, terrible for stability. If you ever notice unusual volume picking up on $EYCAT again, assume it’s a coordinated play by insiders and not organic growth. And remember that those who got in early last time dumped mercilessly – there’s no reason they wouldn’t do the same again. The best way to play a coin like this (if one insists on playing at all) is to treat it like a hot potato: ride the momentum briefly and get out before the music stops. In other words, don’t be left holding the bag when the cat’s eyes close.

Conclusion: Nine Lives or Dead on Arrival?

Eye Cat’s story is a microcosm of the Solana degen experience – a rebellious meme dream that burned bright and burned out. It had all the trappings of a community-driven craze: a quirky meme, a flood of early buyers, Twitter shills, and that intoxicating rush of a 25x gain in a day. But it also followed the age-old script of the pump-and-dump: insiders won, latecomers got wrecked, and the “community” vanished as fast as it formed. In the end, $EYCAT turned out to be more pump than fun for most. Could it make a comeback? Never say never in crypto, but betting on a revival is the purest form of degen gambling. The coin’s name is apt – it’s an Eye that saw everything, including the exit liquidity lining up, and a Cat that stealthily snuck away with traders’ SOL when they weren’t looking.

For the Mugen:City readers who thrive on chaos and edgy plays, Eye Cat is at least an informative case study. It reminds us that meme coins are a wild ride: you either ride the wave and jump off in time, or you wipe out. If you’re going to dabble in the next $EYCAT, do so with eyes wide open. Check the liquidity, watch the whales, and don’t buy the meme without considering the consequences. The community-first ethos means looking out for each other – so consider this deep dive our way of saying “be careful, apes.” Eye Cat may be watching you while you sleep, but now you’re watching it back with eyes of your own. Stay rebellious, stay smart, and may your next meme hunt yield more than just catnip.