Lookonchain APP

App Store

The creator of Solana-based meme project 'EPIK' announced that nearly 60% of the token supply has been burned, adding that he has personally repurchased a total of 356 million tokens and plans to airdrop them to the community.

2026.07.27 18:58:35

Solana-based meme project EPIK’s creator Mando posted that the token has a total supply of 1 billion, with nearly 60% of the supply currently out of circulation. Mando revealed he has personally repurchased a total of 356 million EPIK tokens, burning 154 million of them; the project’s liquidity pool (LP) also burned an additional 81 million tokens. Addressing the community’s doubts over his large token holdings, Mando clarified he did not acquire 50% of the tokens via airdrop, but instead invested seven-figure funds over the past three years to continuously repurchase and support the project, holding and controlling more than 50% of the total token supply. Mando noted he created EPIK during an early live stream, and has since long invested funds to sustain the project’s development, stressing his approach differs from that of some KOLs, creators or celebrities who sell tokens immediately after acquiring them. He is now considering distributing some of his held tokens in batches via airdrop to long-term community members and contributors who have supported the project, as a way to give back to early participants. According to GMGN market data, EPIK’s market cap once surged rapidly to around $27 million, with hourly trading volume hitting nearly $6.5 million, before the market cap pulled back to roughly $16 million.

Relevant content

Breed VC raised $15 million for its second crypto fund, with FalconX among the backers.

Breed VC has raised $15 million for its second crypto fund, with backers including FalconX, Hutt Capital, Arrington Capital, plus individual investors Nic Carter of Castle Island Ventures, Rob Hadick of Dragonfly, and Jake Brukhman of CoinFund. The fund will primarily invest in crypto startups at the Day Zero, Pre-Seed, and Seed stages, with check sizes ranging from $250,000 to $750,000, focusing on open financial infrastructure and decentralized AI. It plans to deploy capital over the next three to four years. Breed VC’s first fund, launched in 2023, is now fully invested, with a portfolio including Monad, Ethena, Agora, MyPrize, and Nous Research. (The Block)

50 minutes ago

Trump: Iran is still in dialogue with us today; I believe a reconciliation will be reached.

US President Trump said Iran is even holding dialogue with the U.S. today, adding that he believes a reconciliation will be reached.

50 minutes ago

Fed's Barkin: Last week's interest rate hike will help restore price stability, and he will assess whether further rate hikes are needed.

Federal Reserve's Barkin: Last week's interest rate hike will help restore price stability, and we will assess whether further rate hikes are needed.

50 minutes ago

21shares launches physically backed ETPs for ZEC and ETHFI in Europe.

European asset management firm 21shares has launched physically backed Zcash ETP and Ether.fi ETP on Euronext’s Paris and Amsterdam markets, tracking ZEC and ETHFI respectively. Investors can gain exposure to these assets via brokerage accounts without directly holding the underlying tokens. ETHFI is the governance and utility token of decentralized finance protocol Ether.fi. Both ETPs carry an annual management fee of 2.5%. (Cointelegraph)

50 minutes ago

Anthropic’s Claude Opus 5.5 is now live on all platforms.

Beating AI News Flash: Anthropic’s Claude Opus 5.5 is now available on all platforms, including Amazon Web Services (AWS), Google Cloud, and Microsoft Azure.

50 minutes ago

Fitch Raises 2027 Brent Oil Price Forecast to $70 Per Barrel

Fitch Ratings’ latest report has raised its 2027 Brent crude oil price forecast to $70 per barrel. The agency also increased its natural gas price assumption for the Netherlands’ Title Transfer Facility (TTF) amid disruptions to liquefied natural gas (LNG) shipments through the Strait of Hormuz. The report noted that Brent oil prices are projected to decline once the capacity of Saudi Arabia’s East-West oil pipeline is restored.

50 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano