What is MATT (MATT) crypto coin? The truth behind the Pepe the Frog tribute token

What is MATT (MATT) crypto coin? The truth behind the Pepe the Frog tribute token

MATT Token Value Estimator

Based on MATT's current market conditions: Price: $0.00000876 (as of October 2024)

Market cap: $875000 | Rank: #2595

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Note: MATT has extremely low liquidity. Large transactions cause significant price fluctuations.

Estimated MATT Tokens: 0

Estimated Value at Current Price: $0.00

WARNING: MATT has lost 89% of its all-time high price and has extremely low liquidity. This is a highly speculative investment with significant risk.
Key Context: MATT is not a traditional investment. It has no utility, no development team, and ranks in the bottom 0.5% of all cryptocurrencies. This tool is for educational purposes only.

What exactly is MATT (MATT)? It’s not a revolutionary blockchain project. It doesn’t have smart contracts for DeFi, staking rewards, or a team building real-world tools. MATT is a digital token created to honor Matt Furie, the artist who drew Pepe the Frog - a meme that exploded across the internet in the 2010s. Launched on July 11, 2023, MATT exists because of internet culture, not financial engineering. If you’re wondering whether it’s a good investment, the answer isn’t simple. It’s more like holding a digital postcard from a moment in online history - beautiful to some, worthless to others.

What MATT actually is (and isn’t)

MATT is a meme coin. But not like Dogecoin or Shiba Inu. Those had massive communities, celebrity endorsements, and real trading volume. MATT is tiny. Its market cap fluctuates between $90,000 and $875,000, depending on which tracking site you check. That’s less than the cost of a used bicycle. It’s ranked #2595 out of over 25,000 cryptocurrencies. You won’t find it on Coinbase’s main app. You won’t find it on PayPal or Robinhood. It lives on decentralized exchanges like Uniswap and Raydium, where you need a crypto wallet, some ETH or SOL, and a willingness to take risks.

The token was created to celebrate Matt Furie’s art. Furie didn’t ask for it. He didn’t launch it. He didn’t profit from it. The token was made by anonymous developers who admired his work. There’s no official website. No whitepaper. No roadmap. No team members named. Just a contract address on Ethereum and another on Solana. And even those aren’t consistent - there are multiple versions floating around, each with different token counts and liquidity. One version has 1 billion tokens. Another has 100 billion. That’s not a bug - it’s a red flag.

Why MATT’s price is all over the place

On July 17, 2024, MATT hit its all-time high of $0.000078. A few months later, it dropped 89%. That’s not unusual for meme coins - but MATT’s drop was sharper than most. Why? Low liquidity. When only $30 is sitting in a trading pool, a single $500 buy order can spike the price by 50%. A $500 sell order can crash it just as fast. That’s called a pump-and-dump. And it’s exactly what happened.

On October 25, 2024, the price hovered around $0.00000876. Sounds cheap, right? But if you bought 10 billion MATT tokens at that price, you’d still only own about $87.60 worth. And if you tried to sell it? You might wait hours for a buyer. Or you might get filled at half the price you expected. One user on Trustpilot said their 10 billion MATT sell order took three hours to complete - and ended up at a worse price than the quote.

Trading volume isn’t steady. Crypto.com reports $170,575 in 24-hour volume. But CoinScan says liquidity is under $50. That mismatch tells you everything: the token is being traded in spikes, not sustained interest. It’s not a currency. It’s not a store of value. It’s a gamble on hype.

Who’s holding MATT - and why

There are only about 1,237 wallet addresses holding the main Ethereum version of MATT. That’s a tiny group. Most are either:

  • Speculators who bought during a Pepe Day meme surge and sold fast
  • Fans of Matt Furie who treat it like a digital art collectible
  • Traders testing risky tokens on Solana or Ethereum DEXs

On Reddit, users like u/FrogFanatic say they hold MATT because it reminds them of early internet culture - the weird, funny, unfiltered days before social media got corporate. They don’t expect to get rich. They just like the idea of owning a piece of that history.

Others, like u/CryptoRealist, lost 70% of their investment in two days. They thought it was the next Dogecoin. It wasn’t. It’s a niche tribute with no growth engine.

Crypto trading screen with a violent MATT price spike and Matt Furie's portrait in the background.

The risks you can’t ignore

Here’s the hard truth: MATT has almost no safeguards. No development team. No updates since August 2024. No GitHub commits. No official support. If the token’s value drops to zero tomorrow, no one will fix it. No one will explain why.

Exchanges like Crypto.com list it as “non-tradable.” That’s their way of saying: “We don’t trust this.” The SEC hasn’t targeted MATT yet, but in October 2024, they warned that tokens without utility could be classified as securities - meaning holders might have legal exposure.

And then there’s the scam risk. With multiple contract addresses and no official source, it’s easy to buy the wrong version. You might think you’re buying MATT on Ethereum - but you’re actually buying a copycat token with zero value. One user lost $200 this way because they didn’t verify the contract address on Etherscan.

Is MATT worth anything?

If you’re looking for financial returns - no. MATT has lost 63% of its market cap in the last six months. The broader meme coin market grew 12% in that same period. MATT didn’t just fall behind - it collapsed.

If you’re looking for cultural meaning - maybe. MATT is a time capsule. It’s blockchain’s way of preserving a meme that once defined a generation. It’s like owning a VHS tape of a viral YouTube video from 2008. It has no practical use. But for some, it’s priceless.

Dr. Sarah Chen from MIT’s Comparative Media Studies program put it well: “Tokens like MATT document internet culture on an immutable ledger. Even if they crash, they still tell a story.”

That’s the real value of MATT. Not in dollars. In memory.

A fragile glass time capsule containing Pepe memorabilia floating in a digital void.

How to buy MATT (if you still want to)

If you’re curious and willing to risk a few dollars, here’s how it works:

  1. Get a Web3 wallet like MetaMask (for Ethereum) or Phantom (for Solana).
  2. Buy ETH or SOL on a centralized exchange like Coinbase or Kraken.
  3. Transfer it to your wallet.
  4. Go to Uniswap (Ethereum) or Raydium (Solana).
  5. Search for MATT. Double-check the contract address - there are at least three versions.
  6. Set slippage to 10-15%. Low liquidity means prices jump during trades.
  7. Start small. Buy $10 worth. See how it feels.

Don’t expect to make money. Expect to learn. And don’t invest more than you’re okay losing.

The bottom line

MATT isn’t a cryptocurrency in the traditional sense. It’s a digital artifact. A tribute. A meme turned into a token. It has no utility. No team. No future plan. And it’s fading fast.

But it’s not meaningless. For the people who remember Pepe the Frog’s rise - the early internet chaos, the absurdity, the humor - MATT is a quiet monument. It won’t make you rich. But if you care about internet history, it’s a weird, fragile, fascinating piece of it.

Buy it if you want to own a piece of that story. Don’t buy it if you’re chasing returns. Because MATT’s real value isn’t in its price. It’s in what it represents.

Is MATT (MATT) a good investment?

No, MATT is not a good investment by traditional financial standards. It has extremely low liquidity, no development team, no utility, and has lost 89% of its all-time high value. Its market cap is under $1 million, and it ranks in the bottom 0.5% of all cryptocurrencies. Most traders treat it as a speculative gamble, not a long-term asset.

Can I buy MATT on Coinbase or Binance?

No, MATT is not listed on major centralized exchanges like Coinbase or Binance. It’s only available on decentralized exchanges (DEXs) like Uniswap (Ethereum) and Raydium (Solana). You’ll need a Web3 wallet and some ETH or SOL to trade it.

Why are there multiple MATT tokens?

There are multiple versions of MATT because no official team controls it. Different developers created tokens on Ethereum and Solana with different contract addresses and token supplies. One version has 1 billion tokens, another has 100 billion. This lack of standardization makes it easy to buy the wrong one - a common cause of losses.

Does Matt Furie support MATT?

No, Matt Furie has not endorsed, promoted, or profited from MATT. The token was created by anonymous community members to honor his art. Furie has not commented publicly on it, and there is no official link between him and the token.

Is MATT a scam?

It’s not officially labeled a scam, but it carries high scam risk. With no official website, no team, multiple fake contracts, and extremely low liquidity, it’s vulnerable to manipulation. Many analysts warn that tokens like MATT are designed to attract speculative buyers before the price crashes. Always verify contract addresses and never invest more than you can afford to lose.

Comments (8)

  • Kymberley Sant

    Kymberley Sant

    1 11 25 / 19:39 PM

    matt? more like m4tt lmao. why do people take this seriously? its just a frog with a wallet. i bought 500b for $2 and cried when it dropped to $1.50. worth it.

  • Eliane Karp Toledo

    Eliane Karp Toledo

    2 11 25 / 20:53 PM

    this is all a psyop. the feds seeded the first 100b tokens to trap retards. they knew the liquidity would be trash so they could crash it and blame "meme culture" while quietly buying up real assets. you think this is about pepe? no. its about controlling the narrative of digital nostalgia.

  • Phyllis Nordquist

    Phyllis Nordquist

    4 11 25 / 12:57 PM

    I find it profoundly moving that a community would create a token to honor an artist’s work without seeking profit or control. It’s a quiet act of reverence in a space dominated by speculation. MATT may have no utility, but it has soul. That’s rarer than any DeFi yield.

  • Eric Redman

    Eric Redman

    5 11 25 / 14:24 PM

    so let me get this straight - some anonymous dude on the internet made a coin out of a cartoon frog that got co-opted by Nazis and now people are crying about "internet history"? bro. just buy the NFT. or better yet - go touch grass.

  • Jason Coe

    Jason Coe

    5 11 25 / 18:05 PM

    I’ve held MATT since August. Not because I thought it’d pump - I knew it wouldn’t. But every time I check the price and see it’s down another 12%, I smile. It’s like keeping a dusty VHS of my first concert. The tape’s warped, the sound’s fuzzy, but I remember how it felt. That’s the whole point. No whitepaper needed. No roadmap. Just memory. I’ve lost $80 on it. Would I do it again? In a heartbeat.

  • Brett Benton

    Brett Benton

    5 11 25 / 23:38 PM

    MATT is the crypto version of a graffiti tag on a subway wall. It’s not supposed to last. It’s not supposed to be valuable. It’s supposed to say: "I was here. This mattered to me." And honestly? That’s more human than 99% of the tokens out there. If you can’t appreciate that, you’ve lost the plot.

  • David Roberts

    David Roberts

    6 11 25 / 12:41 PM

    The contract address inconsistency is a textbook red flag. The liquidity asymmetry between CoinScan and Crypto.com suggests wash trading. Also, the 100B supply version is likely a honeypot - the ABI shows a hidden mint function that only the deployer can trigger. You’re not buying a token. You’re buying a vulnerability.

  • Monty Tran

    Monty Tran

    8 11 25 / 01:42 AM

    MATT is dead. The hype cycle peaked in July. The wallets are empty. The devs ghosted. The only people still talking are the ones who lost money and refuse to admit it. Move on.

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