Mong Coin is a memecoin and cultural project built on the Ethereum blockchain. The project's central identity is based on the satirical claim of being "the first meme coin created by Congress," a narrative derived from comments made by a U.S. politician. ^{[1] [2]}

Overview

Mong Coin ($MONG) positions itself as more than a typical cryptocurrency, describing its brand as a "vibe, a culture, a stick it to the man moniker." The project's core narrative and marketing strategy are centered around a satirical origin story involving the United States Congress.

This story is not based on any official legislative action but is instead a creative appropriation of a political event to build a meme-based identity. The project aims to foster a community, referred to as the "Mong Mob," that aligns with a rebellious and anti-establishment ethos. The founders of the project remain anonymous, a common characteristic in the memecoin sector, presenting it as a decentralized, community-driven initiative. ^{[1] [2]}

The ecosystem surrounding Mong Coin includes the primary fungible token, $MONG, as well as two distinct collections of Non-Fungible Tokens (NFTs) hosted on the Ethereum and Bitcoin blockchains. This multi-chain approach to its digital collectibles expands the project's reach beyond a single blockchain community.

The project's official website suggests a legal entity, "Mong Worldwide LTD," may be associated with its operations, though details about this entity are not publicly specified. The overall strategy combines meme culture, community engagement through social media, and a multi-faceted digital asset ecosystem to establish its presence in the cryptocurrency market. ^[1]

History

The origin of Mong Coin is rooted in a satirical interpretation of remarks made by United States Congressman Brad Sherman. During a congressional hearing, while criticizing the speculative nature of the cryptocurrency market, Sherman invented the name "Mongoose Coin" as a hypothetical example of a nonsensical memecoin that could be created to defraud investors.

The creators of Mong Coin adopted this concept, reframing the Congressman's criticism into a foundational myth for their project. This narrative is a central element of their branding, with promotional materials frequently referencing Rep. Sherman as the coin's unintentional creator. An illustration resembling the congressman is featured on the project's official website. ^[1]

The project's official X (formerly Twitter) account was established in April 2023, which indicates the likely launch period for the token and its community-building efforts. ^[2] In its early stages, particularly in May 2023, the project focused on aggressive marketing campaigns to grow its user base. These campaigns included numerous high-engagement giveaways on social media, often requiring participants to follow specific accounts, retweet posts, and tag other users. These promotions frequently involved collaborations, such as with the Bitget exchange, to encourage the purchase of $MONG, and cross-promotions with its own NFT collection, MONGS NFT. ^[2]

A pinned post on the project's X account, dated January 24, 2025, reinforces its core lore, stating: "$MONG is the first memecoin birthed in Congress by Rep. @BradSherman. Be a part of history and join the pro-crypto movement today!" This demonstrates the project's continued reliance on this satirical narrative as its primary marketing angle. It is critical to note that this claim is a meme and there is no evidence of any actual involvement or endorsement from any member or entity of the U.S. Congress. ^[2]

Technology

Mong Coin ($MONG) is an ERC-20 token, which means it operates on the Ethereum blockchain and adheres to the technical standards for fungible tokens on that network. The ERC-20 standard ensures compatibility with a wide range of Ethereum-based infrastructure, including decentralized exchanges, digital wallets, and other decentralized applications (dApps). The use of Ethereum provides the project with the security and decentralization of one of the largest and most established blockchain networks. ^[2]

The official contract address for the $MONG token is 0x1ce270557C1f68Cfb577b856766310Bf8B47FD9C. This address is the unique identifier for the Mong Coin smart contract on the Ethereum blockchain, which governs the token's logic, including its total supply and transfer functions. The transparency of the blockchain allows anyone to view and verify transactions involving the $MONG token using a block explorer like Etherscan. ^[2]

Tokenomics

The tokenomics of Mong Coin are designed to be straightforward, a common feature among memecoins that prioritize simplicity and broad distribution.

• Token Name: Mong Coin
• Ticker: $MONG
• Total Supply: 690,000,000,000,000 (690 trillion) $MONG
• Transaction Tax: 0%

The total supply is fixed at 690 trillion tokens, a large number typical for memecoins, which allows for a low price per token and enables holders to own billions or even trillions of units.

The project emphasizes a "NO TAX" policy on transactions. This means that buying, selling, or transferring $MONG tokens does not incur an additional fee that is redirected to a project treasury, liquidity pool, or marketing wallet, which is a mechanism used by many other tokens in the decentralized finance (DeFi) space. This zero-tax approach can be appealing to high-frequency traders as it does not add friction to transactions. ^[1]

Ecosystem

The Mong Coin ecosystem extends beyond its fungible token, incorporating digital collectibles in the form of Non-Fungible Tokens (NFTs) across two major blockchains. This multi-chain strategy allows the project to engage with different segments of the NFT community. ^[1]

Mongs NFTs (Ethereum)

The primary NFT collection associated with the project is "Mongs," which resides on the Ethereum blockchain. This collection consists of 6,969 unique NFTs, which are available for trading on the OpenSea marketplace. These NFTs were used in early promotional campaigns to incentivize community growth and engagement with the $MONG token. ^{[1] [2] [7]}

Mongs NFTs (Bitcoin)

In addition to the Ethereum-based collection, there is a smaller, more exclusive collection of Mongs NFTs on the Bitcoin blockchain. This collection contains 420 NFTs and is listed on a marketplace identified by the "Eden" logo, which is likely Magic Eden, a prominent platform that supports Bitcoin Ordinals. Bitcoin NFTs, often referred to as Ordinals, are created by inscribing data onto individual satoshis, the smallest unit of Bitcoin. This represents a different technical approach compared to Ethereum NFTs and appeals to a distinct community of collectors. ^[1]

Availability

The $MONG token is accessible to a broad audience through its listings on a variety of centralized and decentralized trading platforms. The project is also tracked by major cryptocurrency data aggregators, which increases its visibility to potential investors and users. ^[1]

The token is listed on several centralized exchanges (CEXs), including:

• HTX
• Bitget
• Gate.io
• MEXC

For users who prefer decentralized trading environments, $MONG is also available on decentralized exchanges (DEXs), such as Uniswap, which operate on the Ethereum network. The project's availability on both CEXs and DEXs provides traders with flexibility in how they acquire and manage the token. ^[1]

To ensure transparency and provide market data, Mong Coin is tracked by leading data aggregation services like CoinMarketCap and CoinGecko. These platforms provide real-time information on the token's price, trading volume, market capitalization, and other key metrics. ^[1]

Key Figures

While the development team behind Mong Coin is anonymous, two external individuals are central to its public narrative and cultural branding.

• Congressman Brad Sherman: A U.S. Representative who is unintentionally the central figure in the project's origin story. His fabrication of the name "Mongoose Coin" during a congressional hearing was satirically adopted by the project as its foundational event. There is no actual affiliation between Rep. Sherman and Mong Coin; his role is purely part of the project's meme-based lore. ^{[1] [2]}
• Lil Bubble: A musical artist credited with creating the track "Mong Shit," which is promoted by the project. This collaboration helps build the cultural ecosystem around the Mong Coin brand. ^[1]