Shoggoth has emerged as one of the most talked-about meme tokens in the Solana ecosystem, capturing attention with its unique thematic roots in H.P. Lovecraft’s cosmic horror and its viral resonance within AI discourse. As a token launched on Pumpfun, Shoggoth blends internet culture, blockchain innovation, and speculative trading into a single digital asset. This article explores the current Shoggoth price, market performance, supply metrics, and cultural significance—delivering accurate, SEO-optimized insights for investors and crypto enthusiasts.
What Is Shoggoth (Shoggoth)?
Shoggoth is a meme-based cryptocurrency built on the Solana blockchain and initially launched via Pumpfun, a popular platform for fair-launch token creation. The project draws its name and imagery from the fictional creature in H.P. Lovecraft’s novella At the Mountains of Madness—a shape-shifting, amorphous being originally created as a slave race that eventually rebels against its masters.
In modern digital culture, the Shoggoth has evolved into a symbolic meme representing fears around artificial intelligence. It's often humorously depicted as a writhing mass of tentacles beneath a polished corporate facade—an allegory for how sleek AI interfaces may hide chaotic, uncontrollable underlying systems.
This blend of literary homage and tech satire has fueled Shoggoth’s popularity among crypto communities who appreciate both narrative depth and memetic virality.
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Shoggoth Price Today: Live Data & Performance
As of today, the Shoggoth price stands at $0.00533, reflecting a 7.64% decline over the past 24 hours. Despite this short-term dip, trading sentiment remains active, driven by community engagement and speculation around AI-themed digital assets.
The all-time high for Shoggoth was $0.171, reached on November 15, 2024. This means the current price is down approximately 96.9% from its peak, indicating significant volatility typical of early-stage meme tokens.
However, such drawdowns are not uncommon in the Solana-based meme coin space, where rapid price swings occur due to low liquidity, whale movements, and social media-driven momentum.
Key Metrics:
- Current Price: $0.00533
- 24-Hour Change: -7.64%
- All-Time High (ATH): $0.171 (Nov 15, 2024)
- All-Time Low (ATL): Not specified
- Market Cap: $5.33 million
- 24-Hour Trading Volume: $647.19 thousand
These figures suggest that while Shoggoth is still in a speculative phase, it maintains a measurable presence in the broader meme coin landscape.
Shoggoth Supply Overview
Understanding tokenomics is crucial when evaluating any cryptocurrency. Here's a breakdown of Shoggoth’s supply structure:
- Max Supply: 999,999,998 SHOGGOTH
- Total Supply: 999,998,574 SHOGGOTH
- Circulating Supply: 1,000.00 million SHOGGOTH (effectively 100% of max supply)
The near-full circulation of tokens indicates that almost all available coins are already in the market, which can impact price stability. With minimal future inflation expected, price movements will largely depend on demand dynamics, community activity, and exchange listings.
Despite minor discrepancies in reported numbers (likely due to rounding or data aggregation methods), the consensus across major tracking platforms confirms full token deployment.
Why Is Shoggoth Gaining Attention?
Several factors contribute to Shoggoth’s rising profile:
1. Cultural Relevance
The Shoggoth meme resonates deeply in tech circles, particularly among those discussing AI ethics and existential risk. Its visual metaphor—a grotesque entity masquerading as something orderly—mirrors concerns about opaque AI models making critical decisions without transparency.
2. Solana Ecosystem Growth
Solana continues to dominate the meme coin launchpad scene thanks to its high speed and low transaction fees. Projects like Shoggoth benefit from easy access to decentralized exchanges (DEXs) and instant liquidity pools.
3. Pumpfun Launch Advantage
Being launched on Pumpfun gives Shoggoth credibility within the meme coin community. Pumpfun enforces fair launches with no presales or team allocations, reducing rug-pull risks and increasing trust among retail investors.
Shoggoth to USD Converter
You can estimate the value of your Shoggoth holdings using real-time exchange rates:
| Amount | Approximate Value (USD) |
|---|---|
| 1 SHOGGOTH | $0.00533 |
| 10 SHOGGOTH | $0.0533 |
| 100 SHOGGOTH | $0.533 |
| 1,000 SHOGGOTH | $5.33 |
| 10,000 SHOGGOTH | $53.30 |
Note: Prices fluctuate frequently based on market conditions.
For live conversions and portfolio tracking, users often rely on crypto aggregators that pull data from top exchanges including Raydium and Jupiter DEX.
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Frequently Asked Questions (FAQ)
Q: What blockchain is Shoggoth on?
A: Shoggoth operates on the Solana blockchain, leveraging its fast transaction speeds and low fees to facilitate trading and community growth.
Q: Where can I buy Shoggoth?
A: You can purchase Shoggoth on decentralized exchanges (DEXs) such as Raydium or through platforms that index Pumpfun launches. Always verify contract addresses to avoid scams.
Q: Is Shoggoth a good investment?
A: As with any meme token, Shoggoth carries high risk due to volatility and speculative nature. While it has cultural appeal and community support, it lacks utility beyond speculation. Conduct thorough research before investing.
Q: What was Shoggoth’s highest price?
A: The all-time high for Shoggoth was $0.171, recorded on November 15, 2024. This represents a significant peak compared to its current trading level.
Q: How many Shoggoth tokens are in circulation?
A: Approximately 1 billion Shoggoth tokens are in circulation, effectively matching the maximum supply cap.
Q: Who created the Shoggoth token?
A: The development team behind Shoggoth remains anonymous, consistent with many meme projects launched via Pumpfun. The focus is on community ownership rather than centralized control.
Final Thoughts: The Future of Meme Coins Like Shoggoth
Meme tokens like Shoggoth exemplify the intersection of internet culture and decentralized finance. While they rarely offer traditional utility, their value stems from narrative strength, community virality, and speculative interest.
As AI continues to dominate global conversations, themes like the "Shoggoth meme" may gain even greater symbolic weight—potentially boosting related digital assets during periods of heightened public discourse.
That said, investors should approach with caution. High volatility, limited fundamentals, and susceptibility to market sentiment mean these assets are best suited for those comfortable with risk.
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