CARNAGE ($CARNAGE) is a Solana-based meme token launched on pump.fun on October 3, 2026, as part of the Pepeverse narrative universe. Its official website (pumpcarnage.com) presents it as a story-driven token anchored to the character PEPE KASADY, with plot development distributed across character-specific X (Twitter) accounts and illustrated chapters. The token contract resides on Solana at address AVKpeeWaCku3Mni5THbY4bkBnMrPzAEnnQKtP3wPpump, verified via multiple explorers including Solscan, Solana FM, and Solana Explorer. The project reports revoked mint and freeze authorities, a burned 36.6% of its original 1B supply, and 99.8% of liquidity locked or burned until October 1, 2027 — claims supported by on-chain receipts linked from the site and white paper. The white paper (v1.1, dated October 5, 2026) documents supply figures, LP lock details, treasury escrow terms, and burn transactions. Key evaluation questions include: whether the reported LP lock and treasury escrow are verifiably enforced by on-chain conditions (not just off-chain claims), how the pump.fun launch mechanism shapes settlement finality and upgradeability trade-offs, and whether the narrative layer meaningfully interfaces with on-chain utility beyond branding.
CARNAGE presents a coherent, on-chain supply architecture with strong evidence of irreversible supply reduction and time-bound liquidity controls. As of October 5, 2026, 36.6% of the original 1B supply is burned—verified via six on-chain burn receipts cited on the project site (pumpcarnage.com) and white paper (pumpcarnage.com/whitepaper/). Liquidity is tightly constrained: 68.3% of PumpSwap LP is burned permanently, and 31.5% is locked until October 1, 2027. The treasury reserve (27.58M CARNAGE) is also escrowed until that same date, per Streamflow lock records referenced in pumpcarnage.com. Mint and freeze authorities are revoked, fixing total supply at 634.1M. However, circulating supply calculation relies on excluding the full treasury balance—including a 137K fee still held in escrow but not formally locked—creating ambiguity about whether that fee is economically dilutive before unlock. The API snapshot (CoinGecko) reports circulating supply as equal to total supply, contradicting the project’s own documentation; this unresolved discrepancy limits confidence in allocation modeling. No independent audit or third-party verification of burns, locks, or escrow terms is supplied. While narrative cohesion and cross-platform character accounts (e.g., @PEPE_Parker_Sol, @PepeverseHQ_sol) support traction, utility remains purely speculative and tied to an unlaunched story arc.
Overall score: 7/10 Confidence: Medium