Smolcoin [OLD]
SMOL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SMOL (Smolcoin [OLD]) is a deprecated legacy ERC-20 contract on Arbitrum One that has been officially superseded by a migration to a v2 contract (smolcoin-2). Because development, community operations, and official support have ceased entirely on this deployment, Active Development and Community Support lacked data to evaluate (-1.0) and were excluded from the weighted score calculation. The remaining areas reflect severe obsolescence: tokenomics show negligible volume and over 98.9% price drawdown from ATH with no ongoing utility; market and use case metrics are functionally distressed; team and governance are anonymous with no ongoing management for the legacy token; and security history lacks third-party audits despite no documented smart contract exploits. Under the Deprecated/Migrated Token Rule, this legacy asset is obsolete.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Smolcoin [OLD] (SMOL)
Smolcoin [OLD] (SMOL) is a deprecated legacy ERC-20 token on the Arbitrum One network that has been superseded by a migration to a successor contract, SMOL v2 (smolcoin-2). Launched anonymously in late 2023, the token was distributed via an airdrop to Smolverse NFT holders. Operating as a memecoin with a total and circulating supply of approximately 1 trillion tokens, the original deployment was structured without formal allocation schedules, vesting mechanisms, or underlying protocol utility.
Following a community vote in January 2025 to ratify the migration to a new contract deployment, active development, community operations, and liquidity support for the legacy contract permanently ceased. The legacy token lacked formal governance infrastructure, and its smart contract was never subjected to an independent third-party security audit.
The market for the legacy SMOL deployment has experienced severe obsolescence, recording an unrecovered price drawdown of more than 98.9% from its all-time high alongside negligible daily trading volume. While the legacy asset still trades on select decentralized aggregators, official community channels and ongoing development have fully transitioned to the successor contract.