MEMECOIN SPOTLIGHT: $BYTE - “THE AI DOG” - $BYTE of @Byte_Erc20 is today leading gains across the memecoin sector - Here's what you need to know... BYTE Origins: - Self-described as “Elon’s AI Dog”, price data goes back to December 2023 per CoinMarketCap. - Structured as a ‘classic’ ERC-20 memecoin on #Ethereum mainnet. - Born when $BYTE’s team asked @ElonMusk’s Grok AI tool what it would name its dog. - Project very clear that it is not affiliated with Musk, X, or xAI. - All-time high market cap of $34.41 reached in March 2024 according to CMC. BYTE Tokenomics: - Total supply of 1 trillion $BYTE tokens. - 100% of LP burned and 0% transaction tax. - According to the memecoin’s site, a current circulating supply of ~965 billion token… - … as some 35 billion tokens have been burned. - Contract has been renounced. - Only significant CEX listing appears to be @Poloniex with majority of volume on @Uniswap V2. BYTE Distribution: - Relatively low holder count of just 8,807 per Etherscan - Uniswap pool and burn address are largest single address holders (7.5% combined). - Largest unidentified whale holds 3.3% of supply. - Also appears @justinsuntron himself holds 2.3% of $BYTE supply - presumably sent as part of marketing efforts. Image: @Byte_Erc20