$KING of Pixals
Our historic Pixel Journey meme. First to the KING of Wax on wax.fun, and first to bond to reach Alcor!
Last updated
Our historic Pixel Journey meme. First to the KING of Wax on wax.fun, and first to bond to reach Alcor!
Last updated
The original Wax.fun launch site for our $KING meme:
Symbol: KING
Decimals: 8
Total Supply: 1 Billion KING
Token Contract: alpha.waxfun
Token fully distributed, as a wax.fun (pumpfun type) fair launched meme token
Over 30% total supply burned into LP positions (20% of KING paired with wax.fun initial liquidity + 10% of KING supply from pixeljourney buys paired up alongside 60M PXJ)
Over 0.1% total supply already burned (within the first weeks since bonding and reaching Alcor Exchange)
Our KING of Pixals meme, was created on the 12th of December within the first hour of the wax.fun platform, as the 5th meme of the platform.
As per the initial Wax.fun meme configurations, our KING initiated its launch from a $3250 market cap rate from where piga.pxj as the creator bought ~2.5% supply for approximately 2500WAX.
Within the first few days our meme clearly stood out as being backed by the most active project/community, here with our Pixel Journey, and reached a market cap of $10000 within less than 36 hours.
Within a week (on the 6th day), we reached a market cap above $22000 which granted our KING the new title, as the first meme ever, to become the "King of Wax" to receive a spotlight on the wax.fun platforms frontpage!
On the 26th day (on January 7th 2025), our KING reached a bonding goal around a ~$44000 market cap, at which point our KING Graduatated from the wax.fun meme launch platform, and had its initial liquidity raised (~170k WAXP) paired up with the remaining 20% of total KING supply, on Alcor Exchange.
The list.waxfun ~burned/renounced position on Alcor can be found here:
You can see the holder distribution at the moment of bonding on the KINGs page/logs on the launch page there. In total we ended up with 192 holders before bonding, and an amazing distribution with top 10 we ending up looking like this:
20% (Bonding Curve)
13.37%
6.9% (creator)
6.62%
5.16%
4.35%
3.43%
3%
2.69%
2.22%
2.03%
Worth mentioning here, especially of notice, is that piga.pxj as creator started out with 2.5% of total supply, and pixeljourney with none. The following ~15% of total supply collected there was accumulated along the full bonding period even on behalf of the project/team, meaning that our KING meme managed to settle into an absolutely pixel perfect distribution already before leaving the early launch platform on wax.fun πΎ
As our pixeljourney account had accumulated ~13.37% of total KING supply on wax.fun, we as per plans and as promised have paired up a staggering 10% of total KING supply alongside PXJ here:
This position pairing 10% of total KING supply with ~60M PXJ, will be a massive burn utility driver that over time will slowly accumulate supply from both economies in volume fees, which will be burned/taken forever out of circulation!
This position was already established on our KINGs second day of arriving on Alcor.
And within the first few days/weeks of the KING/PXJ position, it has already managed to burn a total:
~ 1M PXJ in volume fees
~ 0.1% total KING supply
At time of writing the PXJ/KING pair is seeing around a 40-50% APR, which across a year could indicate that at current rates this position will be able to burn 5-10% of total KING supply (and massive amounts of PXJ over time as well)
Wax.fun put it perfectly, our KINGs historic reign continues! Now .. What's next?! The moon! π₯³π
Our KINGs Journey isn't over yet π
