Introduction
Hey crypto enthusiasts! Today, we're exploring NORMIE, a meme token on the Base blockchain that has experienced dramatic highs and lows. Whether you're a seasoned trader or a crypto newbie, this deep dive will shed light on NORMIE's journey, its challenges, and what lies ahead.
What is NORMIE?
NORMIE is a community-driven meme token designed to onboard everyday users ("normies") into the crypto space via the Base blockchain. It leverages meme culture to foster engagement and accessibility.
Key Details:
- Token Name: NORMIE
- Blockchain: Base
- Contract Address:
0x47b464edb8dc9bc67b5cd4c9310bb87b773845bd - Total Supply: 1,000,000,000 NORMIE
- Token Type: ERC-20
The Rise of NORMIE
Launched in March 2024, NORMIE emphasized community participation and accessibility. Built on Base—a blockchain backed by Coinbase and Optimism—it gained traction quickly due to its vibrant ecosystem and strong technical foundation.
Key Features:
- Community-Centric: Focused on onboarding newcomers.
- Low Barriers: Simplified crypto transactions for casual users.
The Fall: Flash Loan Attack
On May 27, 2024, NORMIE suffered a catastrophic flash loan attack. Exploiting a tax function in its smart contract, the attacker minted excess tokens, crashing NORMIE's price by 99% and reducing its market cap from $40M to $700.
Lessons Learned:
- Smart Contract Audits Matter: The exploit revealed vulnerabilities in NORMIE's copied contract code.
- Negotiation Wins: The team recovered 90% of stolen funds through negotiations, aiding recovery efforts.
Recovery and Relaunch
Post-attack, NORMIE transitioned to a new contract:
- 90% of tokens were allocated to a liquidity pool (LP tokens burned).
- 10% reserved for future listings, marketing, and liquidity.
Controversies and Backlash
NORMIE faced criticism for a suicide-depicting video, later removed, and its X account suspension. These incidents compounded community distrust post-exploit.
Tokenomics (2025 Update)
As of January 2025:
- Price: $0.004528
- Sell Tax: 0.1% (used for market control)
- Burned Tokens: 24M+ via manual burns
The Normies Platform
NORMIE is linked to Normies, an Indonesian platform simplifying Web3 access with:
- FIAT ramps for bank-to-crypto transfers.
- Supported Blockchains: Ethereum, BSC, Polygon, and more.
Future Prospects
NORMIE's survival hinges on:
- Community Trust: Rebuilding after the exploit.
- Security Upgrades: Ensuring robust contract audits.
- Market Sentiment: Capitalizing on meme coin trends.
👉 Explore NORMIE's latest updates
FAQs
1. Is NORMIE a good investment in 2025?
Given its volatility, thorough research is advised. Monitor recovery efforts and community activity.
2. How does the sell tax work?
A 0.1% fee is applied to sells, stabilizing the market.
3. What’s next for NORMIE?
The team focuses on exchanges, bridges, and marketing for revival.
Conclusion
NORMIE exemplifies the high-risk, high-reward nature of meme coins. From explosive growth to a near-collapse, its story underscores the importance of security and community resilience. Stay tuned—and stay cautious—in this ever-evolving crypto saga!