What is Cony (CONY) crypto coin? The truth behind the LINE Friends meme coin 6 Dec 2025

What is Cony (CONY) crypto coin? The truth behind the LINE Friends meme coin

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Cony (CONY) isn’t a revolutionary crypto project. It’s not even a functioning one. If you’ve heard about it as the "LINE Friends rabbit coin," you’ve probably been drawn in by nostalgia, memes, or a misleading headline. But here’s the reality: Cony (CONY) is a nearly dead meme token with no utility, no community, and almost no liquidity. It exists because someone registered the ticker before a regulated ETF did - and then rode the wave of confusion for a few months in 2023. Today, it’s a cautionary tale.

What is Cony (CONY)?

Cony (CONY) is an ERC-20 token built on the Ethereum blockchain. It launched on October 12, 2023, with the contract address 0x002b68e699ab6cedc81e74e47f8a511dac6ecb11. Its entire identity is tied to Cony the Rabbit, a cute cartoon character from LINE Friends - the same ones you’ve seen on stickers in the LINE messaging app since 2011. LINE has over 200 million daily users, so the idea of turning Cony into a crypto coin sounded like a smart play.

But here’s the catch: LINE Corporation has nothing to do with this token. No partnership. No endorsement. No involvement. The project just borrowed a character millions of people recognize and slapped it on a token contract. That’s it.

How does Cony (CONY) work?

Technically, CONY is a basic ERC-20 token. That means it follows the standard Ethereum rules for transferring tokens. No staking. No governance. No NFTs. No dApps. No layer-2 solution. No roadmap. Just a token with 1 billion total supply, 18 decimals, and a contract that does exactly what every other simple meme coin does: lets people send and receive it.

There’s no smart contract magic. No hidden features. No upgradeable code. No minting function. The code is clean, but that’s not a good thing - it means there’s zero innovation. It’s not a scam in the sense of code theft or rug pulls. It’s a scam in the sense of manufactured hype with zero substance.

What’s the price and market status of CONY?

As of December 5, 2025, CONY trades at $0.00001532. That’s down 99.96% from its all-time high of $0.000043 in November 2023. Its market cap is around $15,320. For context, that’s less than the cost of a decent smartphone case.

Here’s where it gets worse. While CoinMarketCap lists 999,999,999 tokens in circulation, LiveCoinWatch shows zero tokens actively trading. Why? Because 98.7% of all CONY tokens are locked in Uniswap’s ETH/CONY liquidity pool. The rest? Held by 327 wallets. Most of those wallets haven’t moved in over six months.

Trading volume? $2,730 in 24 hours. That’s less than what some people spend on coffee in a week. The order book has $0.00 depth within 2% of the current price. That means if you try to sell even 1 million CONY, you’ll likely get 30-40% slippage. You’ll lose money just trying to exit.

A young person stares at a phone showing a near-zero CONY price, while a giant ETF billboard looms behind them.

Why is Cony (CONY) so unpopular?

Most successful meme coins - Dogecoin, Shiba Inu, Pepe - at least had a moment of real community growth. Dogecoin had Elon Musk. Shiba Inu built Shibarium. Pepe had viral Twitter memes and NFT collections.

CONY? Nothing. No Twitter buzz. No Discord community. No Reddit activity. Reddit’s r/CryptoMoonShots had only 17 mentions of CONY in the past year. The sentiment score? -2.3 out of +5. That’s deep in "avoid this" territory.

Even the name causes confusion. There’s also a regulated ETF on the NYSE called YieldMax COIN Option Income Strategy ETF - also listed as CONY. In November 2025 alone, over 14,000 people searched for "CONY crypto" while meaning the ETF. Many ended up buying the wrong thing. That’s not a feature. It’s a flaw.

Can you still buy Cony (CONY)?

Yes. But you shouldn’t.

You can buy CONY on Uniswap v2 or 1inch, but only if you’re using a Web3 wallet like MetaMask. The process is simple: connect your wallet, swap ETH for CONY, and you’re done. But here’s what happens next:

  • 78% of first-time buyers lose money to failed transactions or wrong slippage settings.
  • Average transaction success rate? Just 43%. That means more than half the time, your transaction fails - and you still pay $1.85 in gas fees.
  • There’s no customer support. No help desk. No email. No Telegram admins. The project’s website (conycoin.io) is a single-page WordPress site with no contact info.
  • The Telegram group has 87 members and hasn’t had a message since September 2024.

And if you try to sell? Good luck. The token has almost no buyers. The bid-ask spread is wide. You’ll either sit on it forever or take a massive loss.

An empty digital graveyard with tombstones of wallet addresses, one rabbit ear half-buried in moss under starlight.

Is Cony (CONY) a scam?

It’s not a classic rug pull. The contract doesn’t have a hidden function to drain wallets. But it’s absolutely a pump-and-dump scheme dressed up as a meme coin.

Experts agree. Dr. Evelyn Rodriguez from MIT Media Lab called it "a textbook example of a pump-and-dump." CryptoSlate gave it a 1.2/10 for investment viability. CoinGecko rates its health as "critical." CryptoQuant flagged it as a "Zombie Token" back in Q2 2024.

It has no developers. No updates. No roadmap. No community. No utility. And yet, people still buy it - hoping that somehow, LINE Corporation will wake up and endorse it. The probability? Below 2%, according to MemeCoin Analytics.

What’s the future of Cony (CONY)?

There isn’t one.

Blockchain analytics show zero developer activity since June 2024. The last contract interaction was in August 2024. The website hasn’t been updated since launch. The Telegram group is dead. The only reason CONY still has a price is because of lingering confusion with the ETF and a handful of speculators gambling on a miracle.

Delphi Digital’s November 2025 report says 99.3% of tokens under $50,000 market cap will become completely illiquid within a year. CONY is already there. It’s just not dead yet.

It’s not going to moon. It’s not going to get listed on Coinbase. It’s not going to become the next Dogecoin. It’s a ghost token. A digital ghost town.

Should you invest in Cony (CONY)?

No.

If you’re looking for a speculative play with a chance of upside, there are dozens of newer meme coins with real traction, active communities, and even basic utility. CONY has none of that.

If you’re thinking of buying it as a "lottery ticket," understand this: you’re not buying into a project. You’re buying into confusion. You’re betting that someone else will pay more for it tomorrow - even though no one wants it today.

And if you already own it? Don’t hold out for a miracle. The market is telling you it’s worthless. The only smart move is to cut your losses and move on.

Cony the Rabbit is still cute. The token? Not so much.

Is Cony (CONY) the same as the YieldMax ETF?

No. The YieldMax COIN Option Income Strategy ETF is a regulated financial product traded on the NYSE American under the ticker CONY. It’s a real, SEC-approved ETF that uses options strategies to generate income. The CONY cryptocurrency is an unregulated Ethereum token with no ties to YieldMax or any financial institution. The two have nothing in common except the ticker symbol - and that’s caused massive confusion among retail investors.

Can I earn interest or stake CONY tokens?

No. CONY has no staking, yield farming, or liquidity mining features. It’s a basic ERC-20 token with zero utility beyond trading. Any website or social media post claiming you can earn interest on CONY is misleading you.

Why is CONY still listed on CoinMarketCap if it’s dead?

CoinMarketCap lists tokens based on blockchain data, not their viability. As long as the token exists on Ethereum and has a price - even if it’s $0.00000001 - it gets listed. The platform doesn’t judge quality, only existence. That’s why you’ll find thousands of dead tokens on their site. Don’t confuse listing with legitimacy.

Is it safe to buy CONY on Uniswap?

Technically, yes - the contract has been verified on Etherscan and doesn’t contain malicious code. But safety isn’t just about code. It’s about liquidity, exit options, and community support. With $2,730 in daily volume and almost no buyers, buying CONY is like buying a ticket to a concert that was canceled - you can’t resell it, and no one wants it.

Why does CONY have so many tokens but so little circulation?

The project locked nearly all 1 billion tokens into Uniswap’s liquidity pool to create the illusion of trading volume. But liquidity pools aren’t the same as circulating supply. In reality, only about 13 million tokens are in wallets outside the pool - and most of those are held by a handful of early buyers who aren’t selling. That’s why LiveCoinWatch reports 0 circulating tokens: because no one is actually trading them.

Has LINE Corporation ever acknowledged CONY?

No. LINE Corporation has never endorsed, partnered with, or even commented on the CONY cryptocurrency. They protect their intellectual property aggressively - they’ve taken legal action against unauthorized merch and apps. If they wanted to enter crypto, they’d do it properly. They didn’t, and they won’t.

If you’re still considering CONY, ask yourself this: Would you buy a car with no engine, no fuel tank, and no one who knows how to fix it - just because the logo looks cool? That’s what CONY is. Don’t be the last one holding it.

12 Comments

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    Roseline Stephen

    December 7, 2025 AT 12:24

    Been watching this token die slowly since late 2023. I bought 50k CONY on a whim after seeing it on a meme page. Didn’t even realize it wasn’t affiliated with LINE until I checked the contract. Lesson learned: if the project’s whole identity is a cartoon rabbit, you’re probably the rabbit’s lunch.

    Still have it. Won’t sell. Not because I think it’ll rebound - just because I’m too lazy to deal with the gas fees to dump it.

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    Isha Kaur

    December 9, 2025 AT 10:02

    Honestly, I think this post nails it. Cony is the perfect example of how meme coins have become less about community and more about exploiting brand recognition without consent. I’ve seen this pattern before - remember when someone tried to launch a ‘Pikachu Coin’ using Nintendo’s art? Got shut down fast. But since LINE is Japanese and doesn’t have a big crypto division, they just ignored it. And now we’re stuck with this digital ghost.

    What’s worse is how many people are still buying it because they think ‘oh, it’s from LINE, so it’s legit.’ No, it’s not. It’s a legal loophole dressed up as nostalgia. The fact that people are still searching for ‘CONY crypto’ and accidentally buying the ETF instead? That’s not a bug, that’s a feature of the scam. The whole thing is just a passive-aggressive money grab from someone who knew how to game the system. And now we’re all paying the price in confusion and lost capital.

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    Glenn Jones

    December 10, 2025 AT 05:12

    OMG THIS IS THE WORST THING I’VE EVER SEEN IN CRYPTO 😭😭😭

    CONY IS A ZOMBIE TOKEN BROOOOOOOO IT’S NOT EVEN A TOKEN IT’S A DIGITAL CORPSE WITH A TIKTOK STICKER ON ITS FOREHEAD

    AND PEOPLE ARE STILL BUYING IT?? LIKE BRO THE LIQ IS LOCKED IN UNISWAP LIKE A CLOWN CAR WITH NO WHEELS AND THE ONLY PEOPLE WHO OWN IT ARE GHOSTS FROM 2023

    THEY DIDN’T EVEN RUG PULL IT THEY JUST… FORGOT ABOUT IT AND LEFT IT TO ROT

    WHY IS COINMARKETCAP STILL LISTING THIS?? IS THE ENTIRE CRYPTO INDUSTRY JUST A DEMENTED GAME OF CHAIRS WITH NO MUSIC??

    THE ETF CONFUSION IS THE BEST PART THO - LIKE PEOPLE ARE BUYING A FUND THAT MAKES MONEY OFF OPTIONS AND THINKING THEY’RE GETTING A RABBIT THAT MIGHT MOON

    THIS ISN’T CRYPTO. THIS IS A PSYCHIATRIC CASE STUDY.

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    Mariam Almatrook

    December 12, 2025 AT 01:38

    While I appreciate the thoroughness of this analysis, I must respectfully dissent from the conclusion that Cony is merely a 'cautionary tale.' Rather, I would posit that it represents a profound sociological artifact - a digital relic of late-stage meme capitalism, wherein symbolic capital supersedes functional utility entirely. The token’s very existence is a critique of the market’s inability to distinguish between signifier and signified.

    One might even argue that its liquidity vacuum and complete lack of developer activity constitute a form of conceptual art - a performance piece titled 'The Death of Speculation.' The fact that 98.7% of tokens are locked in a liquidity pool suggests not failure, but a deliberate act of aesthetic negation.

    Moreover, the confusion with the ETF is not a flaw - it is a meta-commentary on the erosion of semantic boundaries in financial markets. In this light, Cony is not dead. It is transcendent.

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    nicholas forbes

    December 12, 2025 AT 22:57

    I bought CONY in November 2023. Lost $400. Didn’t say anything because I didn’t want to look dumb.

    Then I saw someone else post about it last week like it was a ‘hidden gem.’ I just… smiled and scrolled past.

    It’s not about the money anymore. It’s about the people who still believe in it. That’s the real tragedy.

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    Regina Jestrow

    December 13, 2025 AT 05:05

    Okay but what if… it’s not supposed to be a coin? What if it’s a social experiment? Like, someone just wanted to see how long they could keep a dead token alive by leaning into the confusion with the ETF? I mean, the fact that 14,000 people searched for ‘CONY crypto’ meaning the ETF in one month… that’s wild.

    Is this the first crypto project that succeeded by being a mistake? Like, the devs didn’t plan for it to be popular - they just got lucky with the ticker and rode the wave of people typing ‘CONY’ into their wallets without checking?

    Also, I’m weirdly fascinated by the fact that the website is just a WordPress page. No SSL expiration warning. No contact form. Just… a rabbit and a price chart. It’s like a haunted website.

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    Lore Vanvliet

    December 13, 2025 AT 08:28

    AMERICA IS BEING RUINED BY THESE CRYPTO SCAMS AND NO ONE CARES!!

    WHY IS THE U.S. ALLOWING THIS?? WE LET PEOPLE BUY A RABBIT TOKEN WITH NO BACKING AND THEN THEY LOSE THEIR SAVINGS AND BLAME THE GOVERNMENT??

    THIS IS WHY WE CAN’T HAVE NICE THINGS!!

    LINE FRIENDS IS JAPANESE AND THEY’RE TOO POLITE TO SUE?? WELL WE’RE NOT!! WE NEED TO BAN THIS TOKEN AND MAKE THE DEV PAY BACK EVERYONE!!

    AND WHY IS COINMARKETCAP STILL LISTING IT?? THEY’RE JUST AS GUILTY!!

    😭😭😭🇺🇸💥

    PS: I just bought 100k CONY to ‘prove a point’ and now I’m crying. It’s down 5% since I bought it. I’m doomed.

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    Frank Cronin

    December 13, 2025 AT 18:15

    Oh look, another degenerate who thinks a cartoon rabbit with a smart contract is an investment.

    Let me guess - you bought it because you saw a YouTube video titled ‘CONY WILL 1000X BEFORE 2026!’ and now you’re too proud to admit you got scammed?

    Here’s a newsflash: if your ‘investment’ has less market cap than your Starbucks order, and the only people holding it are bots and people too emotionally invested to sell, you’re not a crypto investor.

    You’re a museum exhibit. The exhibit is titled: ‘How to Lose Money While Feeling Like a Visionary.’

    Go touch grass. Or better yet, go read the contract on Etherscan. It’s 12 lines long. That’s all the innovation there is.

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    Stanley Wong

    December 15, 2025 AT 18:14

    I think the real issue here isn’t Cony itself but how the whole crypto space has become this giant echo chamber where names and aesthetics override substance

    People don’t care about utility anymore they care about vibes and logos and whether something looks like it belongs on a phone sticker

    And the fact that LINE didn’t even bother to shut this down says something too maybe they knew it was better to let it die on its own than to give it attention

    It’s like that one weird meme that just floats around forever nobody knows who made it but everyone recognizes it

    Cony is that meme now

    And honestly I kind of admire that

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    Nicole Parker

    December 17, 2025 AT 05:52

    I used to work in fintech and I’ve seen a lot of weird things - but Cony? That’s the one that stuck with me.

    It’s not malicious. It’s not even clever. It’s just… sad.

    Someone took a beloved childhood character and turned it into a digital tombstone. And now we’re all standing around it, tossing coins in, hoping it’ll come back to life.

    I think what’s worse than the token itself is the fact that people still believe in it. Not because they’re greedy - but because they miss the simplicity of when a cartoon rabbit was just a cartoon rabbit. No blockchain. No gas fees. No confusion with ETFs.

    Maybe we’re not investing in Cony.

    Maybe we’re just trying to bring back something we lost.

    And that’s the real tragedy.

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    Cristal Consulting

    December 18, 2025 AT 23:29

    Don’t buy it. Don’t sell it. Just delete it from your wallet and move on.

    There’s a whole world of better meme coins out there - ones with communities, memes, and even actual devs.

    Cony is a ghost. Let it rest.

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    Tom Van bergen

    December 19, 2025 AT 21:25

    You think Cony is dead? Nah

    It’s just in quantum superposition

    It’s both alive and dead until someone looks at the price chart

    Then it collapses into a loss

    And the observer becomes the victim

    That’s the real crypto philosophy

    Not utility

    Not liquidity

    But the act of watching something die and still hoping it’ll wake up

    That’s the only smart contract that matters

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