koop memecoin: $12M "Cap" on Solana, Zero Liquidity in Six Same-Name Pools

The koop memecoin is topping Solana's new-coin board with a $12.31M market cap and about $10M of volume on sasa, but the pool behind it tells a different story. At about 06:07 UTC on November 11, DexScreener showed that main Koop pair with zero dollars of liquidity, no trades in the past hour and a "+154,820%" 24-hour change. And it is not the only Koop doing this.

What actually happened

sasa's November 11 Solana archive, updated at 03:01 UTC, puts Koop first among 510 new meme coins launched that day so far. The leading contract, 2kpLf3to3CE6GCAXAiSdNLTNVKYLKiVT269kEajEFCoj, opened at 00:22 UTC and showed a $12.31M cap on $10.03M of volume. A second Koop listed in the same archive, opened at 01:57 UTC, traded $7.24M.

The token page says sasa's check found no buy or sell tax and no mint function. It also says the coin is at or near its highest recorded cap. What it does not show is liquidity: that field is just a dash.

DexScreener fills in the blank. Its data for the same contract lists a PumpSwap pair against SOL holding a microscopic amount of each token, worth $0, with zero buys and zero sells in the last hour and in the last five minutes. All the activity, 11,296 buys and 8,069 sells, happened inside a six-hour window. Then it stopped.

A whole herd of Koops

Search DexScreener for "Koop" and the pattern repeats. Pools opened at 21:47, 22:03 and 22:56 UTC on November 10 and at 00:22, 01:57 and 04:00 UTC on November 11 each show between about $1.1M and $11.3M of 24h volume. Every one of them shows $0 liquidity. Some display caps around $12M, others closer to $13K-$15K.

sasa's November 10 Solana archive tells the same story from another angle, listing Koop contracts opened late that evening with $4.9M-$5.2M of volume on caps under $51K. One contract trading millions of dollars a day at a five-figure cap is odd. Six of them in a row is a pattern.

How to read a zero-liquidity "market cap"

Market cap on a tracker is the last trade price times supply. If the last trade happened at a high price and then liquidity disappeared, the cap stays frozen at a number nobody can actually sell into. That is why a koop memecoin "worth" $12M can sit next to a pool that holds nothing.

Volume can mislead too. When the same wallets trade back and forth, or when a pool is filled and emptied in a loop, totals balloon without real demand. We are not saying who did what here, because public tracker data does not show wallet ownership. But a series of same-name pools, each with big volume and an empty pool afterward, is a classic warning sign.

We saw similar setups on BNB Chain this week, and two days ago a top Solana gainer collapsed in maya samoyed memecoin. Before that, the fotf memecoin ran with a lopsided buy-sell ratio.

What we could not verify

We do not know what Koop is supposed to mean, who deployed these contracts, or whether they are linked. We found no project site or social account in DexScreener's data or elsewhere. Holder concentration was not shown on the sasa page. It is also possible that some koop memecoin contracts are copies made by unrelated deployers chasing the same name, which is common once a ticker trends.

What to do as a reader

If the koop memecoin shows up on a trending list, open the sasa token page and a pair explorer and check liquidity before anything else. A big cap with an empty pool means there is no exit.

Never buy a ticker by name alone, since at least six Koop contracts exist. Look for real liquidity, a public team and sane trade counts. These numbers are a snapshot from around 06:00 UTC on November 11. Nothing here is investment advice.