Understand SCARF Token in one article

Project Source

In the increasingly diverse meme market, the $SCARF token has quickly emerged as a new hot spot on the Solana chain. The token is inspired by the Instagram account @bangddddThe released pet dog Achi (dogwifhat, $WIF) - its brother dog Gogo has also recently gained market favor due to the high compatibility of cute appearance and meme culture, giving rise to the concept of dogwifscarf ($SCARF).

$ SCARF’s image is a Shiba Inu, and it has a brotherly relationship with ‘dogwifhat’ (Image source:dog with scarf)

The SCARF token community has grown rapidly, attracting a large number of supporters within just three days, and market activity has grown exponentially. Achi’s owner has confirmed Gogo’s identity on social media, further strengthening the native narrative logic of the token, establishing a direct connection with $WIF. This clever market resonance also positions $SCARF as the next potential currency following the phenomenal growth of $WIF.

$ SCARF image source (picture source: https://www.instagram.com/p/BphBJ8en9)

Project Link:

Official website link:https://www.dogwifscarf.wtf/

Solscan:https://solscan.io/token/ELdqGtj2

X (Twitter):https://x.com/dogwifscarfcto

Telegram：https://t.me/dogwifscarfcto

Raydium:https://raydium.io/swap/?inputCurrency=sol&outputCurrency

Trading Entrance:https://www.Gate.com/zh/pilot/solana/dogwifscarf-scarf

Token Information

Token name: dogwifscarf (SCARF)

Release time: February 3, 2025

Total supply: 1,000,000,000 TOKENs

Token type: SPL

Trading tax rate: 0% (no buying/selling tax)

Contract Address: ELdqGtj2MhejZzudGfz7b798si2Av5Asuw9ryEQSpump

$SCARF On-chain information (Image source:dogwifscarf (SCARF) | Solscan)

Market Performance

According to the latest data from DexScreener, SCARF quickly fell back after a short-term high in the past week, showing a typical ‘pump and dump’ pattern. Specifically, its price started to rise on February 4th with increased volume, creating a short-term FOMO (Fear of Missing Out) sentiment; from February 5th to the price peak, it oscillated at high levels for a day, after which the market trading volume began to shrink. Starting from February 7th, the candlestick chart showed a continuous downward trend, with longs gradually losing control and selling pressure increasing. Currently, the heat has temporarily subsided, and the market is entering a period of consolidation at low levels.

As of the time of writing on February 10, UTC+0, the latest quote for SCARF is $0.000186, with a fully circulating market value of $20.64 thousand and 4,338 holding addresses. As a fun meme token, its future price trend depends more on investor sentiment.

02/03 - 02/10 period $SCARF trend (Chart source:https://dexscreener.com)

Risk Warning

Unlike traditional cryptocurrencies, meme coins lack real technical support and mainly rely on community promotion. If the market sentiment cools down, their prices may plummet significantly. Just like in the past week, after a rapid rise, the price of $SCARF has retraced, showing considerable price instability in the short term. Once market liquidity decreases or large investors sell off, traders may face significant slippage and difficulty in trading.

On the other hand, the SCARF token is still in its early stages, and its long-term development direction is not yet clear. Without continuous market operation support, it may face the risk of declining market attention or the project team abandoning the project. Before participating in $SCARF trading, it is recommended that investors fully understand its narrative logic, control positions reasonably, avoid blindly chasing high prices, and continue to monitor community trends to reduce potential investment risks.

Conclusion

The rise of $SCARF is similar to the successful paths of other meme coins, relying on community-driven initiatives, market sentiment, and social media hype. In a short period, the token quickly attracted a lot of investor attention and showed potential for further expansion within the Solana ecosystem. However, the sustainability of meme coins often depends on the strength of community consensus and the ability to continuously build a strong narrative logic in the market. If $SCARF can deepen its community culture, strengthen ecosystem development, it may become another popular asset after $WIF in the future.