The digital asset $HOWDY, associated with Howdy Hats, launched on the Solana network at noon ET / 16:00 UTC, marking a significant event in the cryptocurrency and NFT (Non-Fungible Token) space. The launch was preceded by a snapshot that excluded exchange-listed hats, focusing on wallets holding Howdy Hats directly. The anticipation built up with various stakeholders, including holders and enthusiasts, discussing their strategies and expectations online. The initial trading of $HOWDY placed its market cap around $20 million, with each Howdy Hat allocation valued at approximately $2,400. Furthermore, the Howdy team announced a strategic move to enhance liquidity and visibility by gradually migrating some liquidity to Raydium from Orca. This transition aims to improve the trading experience for $HOWDY holders. Additionally, a significant burn of $HOWDY tokens from the treasury was executed to potentially stabilize or enhance the token's value, with 210 million $HOWDY tokens reported burned. Notably, the price of the NFTs fell by 80%, from 10 SOL to 2 SOL, after the snapshot, despite reaching a peak value of 11.5 SOL.
Howdy We continue to work to get us back in the right direction. LP from Hat royalties has been migrated to Raydium pool! Burn of the Raydium $HOWDY/SOL LP on Wednesday! https://t.co/6OGptDLNyI
ðĨ ðĨ ðĨ 50,000,000 #USDC (50,027,500 USD) burned at USDC Treasury https://t.co/8ZGqT2gsy5
Howdy Appreciate you! https://t.co/Y6Jzya90lM
Howdy 210M of $HOWDY burned from treasury! https://t.co/4uei2zo4fi
Howdy Are you ready for the $HOWDY burn? https://t.co/dRxpnGOKJe
Howdy We understand that people want locked $HOWDY liquidity. We want it as well! The royalties from hats went into the LP & we will be burning that LP portion once on Raydium. Migration of liquidity from Orca to Raydium is SLOW! Three hours yesterday netted like 2% moved... https://t.co/tttQ7OBwZ4
As a pioneer of howdy who do I need to talk to for a token allocation $howdy @CryptoPopPunk https://t.co/ravBZeP8HZ
Howdy!ðĪ In January, I gathered the very little funds I had and took a chance on a @CryptoPopPunk drop called RUBBER. I sold 1 and continue to hold 1 which has put me on incredible WLs, including receiving a @HowdySol hat and $HOWDY IYKYK Thanks and much love, Pop! Giddyup https://t.co/PILxJA4gBC
Up only. https://t.co/mmQBVGHlgP
Howdy. https://t.co/W9gAsNptCS
Howdy We will gradually be moving over some liquidity to Raydium for better visibility. So if you see any movement it will be quickly showing up there! https://t.co/tUMvhoxXY0
New owner of Howdy Hats #3283 reporting in ðŦĄ YOLO-bought on Tensor for just 0.065SOL ðĪŠ ps this was first try lol.. thx @tensor_hq https://t.co/39StgsErC4
Lol $HOWDY my 'redemption' play on Solana, even under the perfect conditions well under my entry price based on the hats. REKT https://t.co/G3JUEhVJY9
Howdy quick do you @JupiterExchange can get $HOWDY added? We are thinking fast! CA: ppVT3Vqb323UBEW3QuTvdNCpQm1spEZM8Bt1tv9WALW https://t.co/eVV1PJLcBl
NEW: $HOWDY trading is now live on Solana. Early trading puts the market cap around $20 million, marking each Howdy Hat allocation at ~$2,400. https://t.co/TUa4fy3Lc1
Now everyone can get $HOWDY! Contract Address is: ppVT3Vqb323UBEW3QuTvdNCpQm1spEZM8Bt1tv9WALW Orca for now, Jupiter soon! HOOOOOOOOOOWWWWWWWWWWWWDDDDDDDDDDYYYYYYYYY! https://t.co/h6HUqLbnw5
howdy?
up only $HOWDY https://t.co/pm1b8buJH8 https://t.co/vFiGOOLToq
Received my $HOWDY But my hats stay on (keeping them in wallet) @HowdySol https://t.co/Ewayh0649c
*checks wallet ð 120k $Howdy @HowdySol Mood: https://t.co/Y7knTbKTca
$Howdy boys and gals https://t.co/pP7KmxJi4a
Boy was I right on the money with this call with regards to the amount of $HOWDY that would be dropped per hat! Great job @HowdySol Team! #HOWDY https://t.co/emS0ECTaE1 https://t.co/X8Jj3Ut4hZ
Have you checked your wallet? $HOWDY are already here! https://t.co/JlCaS4kQ5K
still no $howdy in wallet âïļ
TWO MINUTES $HOWDY @HowdySol https://t.co/GIUO2IxIke
Howdy We are slowly distributing $HOWDY tokens as network allows. Starting with the missing 83 people who didn't get NFTs correctly. Once everyone one has received HOWDY, the LP will go live after that. ... https://t.co/XXFcVjBXw0
howdy y'all ðĪ https://t.co/SERVmNE6mE
Howdy mfers, getting ready for launch. Hat stays on during _________! ðĪ ðĨ $Howdy @HowdySol https://t.co/i25uAgK0tz
gmmmmmm!! â° you know what day it is. $HOWDY @HowdySol ðĪ https://t.co/FYoS0tuct2
6 weeks later Rubber by @CryptoPopPunk - 9 SOL floor Rubber provided many WL opps: Silhouettes by @serc1n - Cost 0.69 - Value 9 Trails by @pobedeen - Cost 0.69 - Value 1.5 Flux by @Dario_Desiena - Cost 0.25 - Value 2.7 Howdy Hats by @HowdySol - Cost 0 - Peak Value 11.5 https://t.co/SwEbykCEeA
decided to hold all my @HowdySol hats after the snapshot for the simple reason that early adopters and diamond hands get rewarded in this space. giddy up ðĪ https://t.co/g0JW7NQcy1
I did not list even 1 hat; all of them are secured in my wallet. I am not here for short term play. My only focus is right now, hitting the market so hard with Howdy, and I am waiting here to send rockets at 4 pm UTC for howdy.ðŠðŧ
So $HOWDY launches in a few hours. Price of the NFTs fell, unsurprisingly, by 80% from 10 SOL to 2 SOL after snapshot. Going to be really interesting to see what happens today. If the token does well could become a blueprint for others. Did you hold or sell?
Howdy, we be cooking! 16:00 UTC // 12PM ET $HOWDY https://t.co/Q8GpUrvJ27
NEW: Howdy completed its Howdy Hats snapshot. $HOWDY is expected to launch around noon E.T. https://t.co/x75mw8fBJI
4pm utc is the $howdy launch ðĪ https://t.co/rS73l8hzRa
Snapshot completed. Exchange listed hats were not able to be included. $HOWDY soon! Noon ET / 16:00 UTC https://t.co/lFGEILW8y7