What is MOMOFUN (MM)? A Guide to the AI-Driven Meme + DeFi Platform

Introduction

MOMOFUN ($MM) is a decentralized platform described as the world’s first AI-driven Meme and DeFi platform, operating on the BNB Smart Chain (BSC). It integrates meme culture with decentralized finance (DeFi) solutions, offering tools for creative incubation, asset issuance, and transaction management across over 200 decentralized exchanges (DEXs). Launched on Binance Alpha on August 3, 2025, with an airdrop for early supporters, MOMOFUN aims to combine cultural and financial innovation. This guide provides an overview of the platform, the $MM token’s role, and its current status. 

Summary Box (Quick Facts)

• Network Name: MOMOFUN

• Token Name: MM

• Type: Utility token

• Chain: BNB Smart Chain (BSC)

• Contract Address: 0xa5346f91a767b89a0363a4309c8e6c5adc0c4a59

• Total Supply: 30,000,000,000 MM

• Circulating Supply: 7,800,000,000 MM (26% of total supply)

• Current Market Cap: $34.89M (as of August 5, 2025)

• Fully Diluted Valuation (FDV): $134.22M (as of August 5, 2025)

• Availability on Phemex: Not available currently

What is MOMOFUN?

MOMOFUN is a decentralized platform that combines meme culture with DeFi, leveraging AI to facilitate creative incubation, asset issuance, and transaction management. It integrates with over 9 public blockchains and 200+ DEXs, aiming to provide seamless solutions for meme-driven financial ecosystems. Powered by an AI Pool and Eliza framework, it offers a one-stop solution for decentralized finance applications. The $MM token is used for transactions within the platform and supports its operational framework. Launched on Binance Alpha on August 3, 2025, MOMOFUN has gained attention through its airdrop event for users who interacted with its platform or submitted memes.

What Does $MM Do?

$MM serves as the primary utility token within the MOMOFUN ecosystem, with the following verified functions:

• Payments: Used for transactions related to asset issuance and trading within the platform.

• Community Engagement: Supports airdrops for users who submit memes or interact on-chain with the platform, as seen in the Binance Alpha airdrop event.

The Technology Behind MOMOFUN

MOMOFUN operates on the BNB Smart Chain, leveraging AI to drive its Meme + DeFi platform. It integrates with over 9 public blockchains and 200+ DEXs to facilitate asset creation, trading, and liquidity management. The platform is powered by an AI Pool and Eliza framework, though specific technical details are limited.

Core Features

• Multi-Chain Integration: Connects with 9+ public blockchains and 200+ DEXs for seamless asset trading.

• AI-Driven Tools: Supports creative incubation and asset issuance, though specific mechanisms are undisclosed.

• Community-Driven Airdrops: Engages users through meme submissions and on-chain interactions, as seen in the Binance Alpha airdrop.

Why Has MOMOFUN Gained So Much Traction?

MOMOFUN ($MM) has seen significant market traction, with a 24-hour trading volume of $19.62M (44.36% increase) and a market cap of $34.89M as of August 5, 2025. Several factors contribute to this momentum:

• Binance Alpha Launch and Airdrop: The launch on Binance Alpha on August 3, 2025, at 16:00 (UTC+8) drove significant attention due to Binance’s reputation. The airdrop, offering 24,000 $MM tokens to users with 200+ Alpha Points (threshold decreasing 15% hourly until August 4, 2025, 10:00 UTC), created urgency and spurred engagement, contributing to a reported 2126.18% trading volume surge.

• MemeFi Hype: Meme coins are a speculative “wild card” in crypto, as noted in CoinGecko’s Q1 2025 report. MOMOFUN’s branding as the “first AI-driven Meme + DeFi platform” taps into this hype, attracting investors seeking innovative projects.

• Community Engagement: The airdrop rewarded meme submissions and on-chain interactions, fostering a vibrant community. Posts from @MOMOisFUN highlight enthusiasm, with bullish sentiment noted on CoinGecko.

• Exchange Accessibility: Listings on multiple centralized and decentralized exchanges have boosted liquidity, with CoinMarketCap reporting high trading volumes.

• AI and DeFi Narrative: The promise of AI-driven tools (e.g., AI Pool, Eliza framework) and integration with 9+ blockchains and 200+ DEXs positions MOMOFUN as a scalable DeFi solution, appealing to speculative traders.

However, the lack of a public whitepaper and unverified team details raise concerns about long-term credibility, suggesting much of the traction is driven by speculative hype rather than robust fundamentals.

MOMOFUN vs. Dogecoin

To provide context for MOMOFUN ($MM), it is compared to Dogecoin ($DOGE), a well-known meme-based cryptocurrency.

Key Takeaway: $MM is a modern, AI-driven Meme + DeFi platform with multi-chain integration, appealing to investors interested in emerging MemeFi projects, but its lack of transparency increases risk. $DOGE, as an established meme coin, offers stability and broader adoption but lacks the DeFi and AI innovation of $MM, making it less versatile but more recognized. Learn more: Dogecoin 2025: 5 Trading Opportunities and 5 Key Risks Explained.

Key News & Events

• August 3, 2025: MOMOFUN ($MM) launched on Binance Alpha, with an airdrop for users who submitted memes or interacted on-chain with the platform. Trading opened at 08:00 (UTC) with a price of $0.002, market cap of $13.54M, and 24-hour trading volume of $960K.

• August 4, 2025: Listed on Biconomy, MEXC, WEEX, LBank, and PancakeSwap V3 (BSC), with the MM/USDT pair active on centralized exchanges.

• August 5, 2025: Market cap reached $34.89M, with a 24-hour trading volume of $19.62M (44.36% increase) and a price of $0.004474 (1.1% increase). All-time high of $0.005738 on August 4, 2025, and all-time low of $0.001171 on August 3, 2025.

Is $MM a Good Investment?

$MM’s investment potential depends on several factors:

• Market Context: The growing popularity of meme coins and DeFi, as noted in CoinGecko’s Q1 2025 report, supports interest in projects like MOMOFUN. Its Binance Alpha listing and high trading volume ($19.62M in 24 hours, up 44.36%) indicate strong market traction.

• Technical Progress: The platform’s AI-driven approach and multi-chain integration are innovative, but the lack of detailed technical documentation or a whitepaper limits full assessment.

• Adoption: The airdrop and listings on major exchanges show early community and market interest, with a 282.06% price increase from its all-time low.

• Risks: The absence of a public whitepaper, unclear tokenomics, and volatile price movements (e.g., -22.03% from its all-time high of $0.005738) pose risks. The large total supply (30B tokens) could impact value if not managed effectively.

• Considerations: $MM’s recent exchange listings on August 3–4, 2025, increase liquidity, but long-term success depends on further transparency and platform development.

Investors should conduct thorough research, as outcomes depend on market conditions and project execution.

Conclusion

MOMOFUN ($MM) is an AI-driven Meme + DeFi platform on the BNB Smart Chain, launched on Binance Alpha on August 3, 2025. It integrates meme culture with DeFi tools, supporting asset issuance and trading across 200+ DEXs. The $MM token facilitates transactions and community engagement through airdrops, with strong early market presence on exchanges. As of August 5, 2025, its market cap stands at $34.89M, with a 24-hour trading volume of $19.62M. While promising, the lack of a public whitepaper and detailed tokenomics warrants caution. Learn more about the latest token projects with Phemex Academy.

FAQ Section

1. What is MOMOFUN? A decentralized platform combining meme culture and DeFi, powered by AI on the BNB Smart Chain.

2. What is $MM? A utility token for transactions and airdrops within the MOMOFUN ecosystem.

3. Is the MOMOFUN airdrop still active? The airdrop, offering 24,000 $MM tokens to users with 200+ Binance Alpha Points, was claimable until August 4, 2025, 10:00 UTC, and has likely concluded.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and involve significant risk. Always conduct your own research and consult a financial advisor before making investment decisions. Phemex is not responsible for losses incurred from trading based on this content.