Alon (ALON) isn’t a project with a whitepaper, a team, or a roadmap. It doesn’t solve a problem or build a product. It’s a meme coin - pure speculation wrapped in a Solana blockchain token. Launched in March 2024 by an anonymous creator using the handle @_a1lon9, ALON rode the wave of Pump.Fun’s explosive growth, a platform that lets anyone create a crypto token in seconds. And here’s the thing: even though the founder of Pump.Fun, a guy named Alon, has repeatedly said he has nothing to do with the coin, the name, timing, and hype make the connection impossible to ignore.
How ALON Got Its Start
Pump.Fun launched in January 2024 and quickly became the go-to tool for creating meme coins on Solana. By April, it was handling 70% of all new token launches on the network. The platform made it stupidly easy: you pick a name, upload a logo, set a supply, and boom - your coin is live. No code needed. No legal review. Just pure, unfiltered hype. ALON dropped in March 2024, right as Pump.Fun was hitting its stride. The name matched the platform’s founder. The timing was perfect. The market was hungry for the next Dogecoin or Shiba Inu. So people bought in. Not because they believed in ALON. But because they believed in the momentum.What ALON Actually Is
ALON runs on Solana using the SPL token standard - the same one used by other Solana-based tokens. It has no utility. No staking. No governance. No partnerships. It doesn’t pay dividends. It doesn’t fund development. Its only purpose is to be traded. That’s it. As of October 2025, ALON trades at around $0.004873, with a market cap of $4.86 million. That sounds like a lot until you compare it to Dogecoin’s $19.8 billion or even Shiba Inu’s $3.7 billion. ALON is a drop in the ocean. But within the meme coin world, it’s still active. Daily trading volume hovers around $1.3 million, which is more than 25% of its total market cap. That’s a red flag. High volume relative to market cap means low liquidity and high risk of sudden price swings.The Price Rollercoaster
ALON’s price history tells the whole story. It hit an all-time high of $0.1517 on January 23, 2025 - that’s over 30 times its current price. Then came the crash. By May 2024, it had plunged to $0.00002728. That’s a 15,000% gain since then, but it’s still down 97% from its peak. People who bought at the bottom made fortunes. Those who held too long got wrecked. One Reddit user said they made 80x on ALON, riding it from $0.0001 to $0.08, then watched it fall back to break-even. That’s the meme coin cycle: quick pump, slow bleed.
Why People Still Trade It
You might wonder: if it’s so volatile and has no value, why does anyone trade it? Because some people aren’t looking for value. They’re looking for a gamble. And ALON gives them that. It’s traded mostly on MEXC and other decentralized exchanges. To buy it, you need SOL tokens, a Phantom wallet, and the patience to deal with slippage. Transaction fees on Solana are cheap - about $0.0008 per trade - but during spikes, prices can move 10% in under a minute. Market orders are dangerous. Experienced traders use limit orders to avoid getting ripped off.The Risks Are Real
ALON is a textbook example of a pump-and-dump. The name matches Pump.Fun’s founder. The timing lines up with the platform’s peak. The creator is anonymous. There’s zero transparency. And according to blockchain researcher Maria Chen, tokens like this are “extreme risk for retail investors.” Trustpilot reviews for MEXC’s ALON trading pair average just 2.8 out of 5. Users complain about slippage, failed trades, and sudden crashes. One trader on CryptoTwitter found that market orders for ALON resulted in 7.3% worse prices than limit orders. That’s not a bug - it’s the system working as designed.How It Compares to Other Meme Coins
| Feature | ALON | Dogecoin | Shiba Inu | |--------|------|----------|-----------| | Blockchain | Solana | Bitcoin (Layer 2) | Ethereum | | Market Cap (Oct 2025) | $4.86M | $19.8B | $3.7B | | Utility | None | Merchant payments, tipping | ShibaSwap, NFTs, ecosystem | | Trading Volume (24h) | $1.33M | $450M | $320M | | Circulating Supply | 997.96M | 145B | 589T | | Creator | Anonymous | Jackson Palmer | Ryoshi (anonymous) | ALON has none of the advantages Dogecoin or Shiba Inu have. No community projects. No partnerships. No long-term vision. Just a name and a chart.
Is ALON Worth Buying?
If you’re asking whether ALON is a good investment, the answer is no - unless you’re gambling. It’s not a store of value. It’s not a medium of exchange. It won’t make you rich unless you time the exit perfectly - and even then, you’re lucky. But if you’re someone who enjoys high-risk, short-term trading and understands the risks, ALON can be a playground. Just don’t invest money you can’t afford to lose. Don’t FOMO in. Don’t hold hoping it’ll “come back.” Meme coins like ALON rarely recover from their peaks. Arcane Research found that 85% of meme coins lose over 90% of their value within six months of launch.How to Trade ALON (If You Must)
If you still want to try:- Buy SOL on a centralized exchange like Binance or Coinbase.
- Transfer SOL to a Solana wallet like Phantom or Solflare.
- Connect your wallet to a DEX like Jupiter or Raydium.
- Search for ALON (contract: 8XtRWb...z9s5WS).
- Use a limit order, not a market order.
- Set slippage tolerance to 10-15% to avoid failed trades.
- Have at least $5 in SOL for gas fees.
The Bigger Picture
ALON exists because the crypto market is still wild. There’s no regulation. No oversight. And as long as there’s hype, there will be coins like this. The Solana meme coin boom in 2024 accounted for 42% of all new token launches. But Delphi Digital predicts the meme coin sector will shrink by 15-20% in 2025 as regulators pay more attention. ALON might disappear tomorrow. Or it might hang around for another year, bouncing between $0.001 and $0.01, feeding the next wave of traders. But it won’t change anything. It won’t build anything. It won’t last. It’s just a name. A chart. A gamble.Is Alon (ALON) a good investment?
No, ALON is not a good investment in the traditional sense. It has no utility, no team, and no roadmap. It’s a pure speculative meme coin with extreme volatility. Any profits come from timing the market, not from value creation. Most investors who hold ALON long-term lose money. Only trade it if you understand the risks and are prepared to lose everything you put in.
Who created ALON?
The creator is anonymous, using the handle @_a1lon9 on social media. Although the coin shares its name with Alon, the founder of Pump.Fun, he has publicly denied any connection. The timing and naming suggest a deliberate attempt to ride his platform’s popularity, but there’s no proof of a direct link.
Can I buy ALON on Coinbase or Binance?
You can’t buy ALON directly on Coinbase. It’s listed on decentralized exchanges like MEXC, Raydium, and Jupiter. You’ll need to use a Solana wallet like Phantom and swap SOL for ALON. Binance doesn’t list ALON on its main exchange, but its research arm, Binance Alpha, tracks its price data.
Why does ALON’s price change so fast?
ALON has low liquidity - only about $500,000 in SOL-ALON trading pairs. That means a small number of large trades can move the price dramatically. A single whale buying $100,000 worth can spike the price 20% in minutes. The same goes for selling. This is typical of low-cap meme coins and makes them highly manipulable.
Is ALON on Ethereum or Solana?
ALON is exclusively on Solana. It uses the SPL token standard, which is Solana’s version of Ethereum’s ERC-20. This means you need SOL to pay for transaction fees and a Solana-compatible wallet like Phantom to hold it. You cannot send ALON to an Ethereum wallet - it will be lost.
What’s the total supply of ALON?
The total supply of ALON is 997.96 million tokens, and all of them are in circulation. There is no maximum supply cap, but no new tokens are being minted. The supply is fixed, which means inflation isn’t a concern - but the lack of a burn mechanism means there’s no way to reduce supply and potentially increase value.
Can ALON reach $1 in the future?
It’s extremely unlikely. For ALON to hit $1, its market cap would need to reach $998 million. That’s over 200 times its current value. No meme coin without utility has ever reached that level after its initial hype faded. Even Dogecoin, with years of community support and real-world use cases, hasn’t hit $1 since 2021. ALON has none of that. It’s a speculative token with no foundation to support such growth.
Is ALON a scam?
It’s not technically a scam - there’s no fraud in creating a meme coin. But it follows a classic pump-and-dump pattern. The anonymous creator benefits from the hype generated by Pump.Fun’s popularity. Retail investors are the ones who lose money when the price crashes. Experts call it a high-risk gamble, not a scam, but the ethical line is blurry.