Welshcorgicoin
WELSH
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Welshcorgicoin (WELSH) is a Stacks-based meme coin launched in 2021. The token features favorable base tokenomics with a fixed 10B supply that is 100% circulating with no VC overhang or vesting cliffs. However, the project suffers from severe weaknesses across all operational and market fronts: development is dormant with only 3 static repositories and no recent releases; community activity is virtually nonexistent despite an established holder base; the team is entirely anonymous with no formal governance or DAO structure; and liquidity and market volume are negligible following a >99% drawdown from all-time highs. No hacks, exploits, or regulatory actions were identified. With all six sections evaluated and no qualifying red-flag cap triggered, the weighted average score is 3.18/10.
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 Welshcorgicoin (WELSH)
Welshcorgicoin (WELSH) is a dog-themed meme coin launched in 2021 on the Stacks blockchain, positioned as a meme coin connected to the Bitcoin network. The project features a fixed, hard-capped total supply of 10,000,000,000 tokens, all of which are circulating following a fair launch model with no venture capital allocations or vesting schedules. It operates under a community takeover model without intrinsic utility or fee-capture mechanisms beyond speculative meme-driven trading within the Stacks decentralized finance environment.
The project displays limited technical and organizational activity. Development is stalled or in maintenance mode, with only three public GitHub repositories and no recent protocol upgrades, tagged releases, or active roadmap milestones. The founding team is anonymous and unverified, with no documented decentralized autonomous organization (DAO), formal governance framework, or published external security audit reports.
WELSH has experienced significant market contraction, suffering a price drawdown of more than 99% from its all-time high, including an 87.72% decline over a one-year period. Trading is characterized by negligible daily volume, low liquidity, and fragmented market metrics across data providers, despite maintaining an on-chain holder base of over 27,000 addresses. No smart contract exploits, security breaches, or regulatory actions have been reported for the project.