What is JUGNI (JUGNI) crypto coin? The truth about this Polygon memecoin

There’s a crypto coin called JUGNI that’s been floating around in obscure corners of the crypto world, and if you’ve heard of it, you probably saw it pop up on a meme forum or a Reddit thread. It’s not Bitcoin. It’s not Ethereum. It’s not even Dogecoin. JUGNI is a memecoin built on Polygon - and honestly, it’s one of the strangest stories in crypto right now.

Where did JUGNI even come from?

JUGNI wasn’t created by a team of developers with a whitepaper and a roadmap. It wasn’t funded by a venture capital firm. It started as a joke. The coin is named after Jugni, the pet cat of Jaynti Kanani, one of the co-founders of Polygon. That’s it. No grand vision. No utility. Just a cat’s name turned into a token.

It launched in late 2023 or early 2024, and from day one, it had zero taxes on buys or sells. All 100 million JUGNI tokens were minted at once. The liquidity pool? Burned permanently. That means no one can pull the funds out - which sounds good on paper, but in practice, it just means there’s no safety net if the price crashes.

What’s JUGNI actually worth today?

As of late October 2024, JUGNI trades at around $0.00015386. That’s down more than 99% from its all-time high of $0.01818 in January 2024. Let that sink in. If you bought $100 worth at the peak, you’d now have about 15 cents left.

Its market cap? Roughly $15,386. That’s less than the price of a decent used laptop. For comparison, Dogecoin has a market cap of over $15 billion. JUGNI’s entire value could be wiped out by a single whale moving a few thousand dollars.

Where can you trade JUGNI?

You won’t find JUGNI on Binance, Coinbase, or Kraken. It doesn’t exist on any centralized exchange. The only place you can buy or sell it is on Quickswap, a decentralized exchange on the Polygon network. And even there, trading volume is tiny - under $400 in 24 hours as of late October 2024.

To buy JUGNI, you need to:

Have MATIC in your wallet
Swap it to WMATIC (wrapped MATIC)
Connect your wallet to Quickswap
Manually enter JUGNI’s contract address (because it’s not listed)
Set slippage tolerance to 12-15% to even get the trade to go through
Hope the transaction doesn’t fail

This process takes 20-30 minutes for someone who knows what they’re doing. For a beginner? It’s a nightmare. And even if you manage to buy it, selling is even harder. Over 89% of users on Reddit and Telegram report being unable to sell because there’s no one buying.

A confused investor at a chaotic crypto exchange surrounded by warning signs and whales dumping tokens.

Who owns JUGNI?

The token’s supply is fixed at 100 million. And according to Nansen’s blockchain analytics, 87% of those tokens are held by just the top 10 wallets. That’s not decentralization - that’s centralization with a meme coat.

These wallets are likely the creators and early investors. They can dump their holdings at any time, and since there’s so little liquidity, even a small sell-off could crash the price to near zero. There’s no team, no announcements, no updates. The official Twitter account hasn’t posted since August 2024. The website? Barely functional. No docs. No roadmap. Just a token address and a cat photo.

Why does anyone still trade JUGNI?

The only reason people still touch JUGNI is because they believe in the “next moonshot” myth. They see a coin that’s cheap, think it might spike again, and throw in a few dollars hoping for a 100x return. It’s gambling, not investing.

Some users praise the zero-tax structure - which sounds great until you realize it doesn’t protect you from anything. No taxes mean no incentives for long-term holders. No taxes mean no built-in mechanisms to stabilize the price. It’s just pure speculation.

The connection to Polygon’s founder adds a layer of emotional appeal. People like the story. They like the idea of a cat inspiring a crypto project. But emotion doesn’t create value. Liquidity does. Adoption does. Utility does. JUGNI has none of those.

What do experts say about JUGNI?

Crypto researcher Alex Thorn from Galaxy Digital called memecoins like JUGNI “the highest-risk segment of crypto markets.” He’s not wrong. These tokens often follow pump-and-dump patterns where early buyers profit while latecomers lose everything.

Nansen flagged JUGNI as one of the “low-liquidity memecoins showing coordinated whale activity.” That’s crypto-speak for: “a few people control it, and they’re probably planning to exit soon.”

Even Polygon-focused analysts admit the coin has no real value. David Hoffman from Bankless said JUGNI’s only merit is proving that “community-driven projects can emerge organically on Polygon.” That’s not a reason to buy it. That’s a footnote in a case study.

A crumbling JUGNI monument in a graveyard of dead memecoins under a twilight sky.

Is JUGNI legal?

The U.S. Securities and Exchange Commission (SEC) has been cracking down on memecoins with “no utility beyond social media narratives.” JUGNI fits that description perfectly. While it’s not officially labeled a security yet, its structure - no team, no roadmap, no utility - puts it in the same gray zone as other tokens the SEC has targeted.

If the SEC ever decides to go after low-cap memecoins, JUGNI will be right at the top of the list.

What’s the future of JUGNI?

Messari’s research shows that 83% of memecoins with no active development team become completely illiquid within 12 months. JUGNI is already on that path. Trading volume has dropped 97% since January 2024. The community has shrunk. The price is collapsing.

There’s no development team to fix things. No marketing push. No partnerships. No updates. The only thing keeping it alive is a handful of speculators hoping for a miracle.

Dr. Jason Pape, a blockchain economist at MIT, predicted tokens like JUGNI will face “permanent illiquidity within 6-9 months.” We’re already past the 9-month mark since its peak. The clock is ticking.

Should you buy JUGNI?

If you’re looking for a serious investment? Absolutely not.

If you want to gamble $5 on a joke because you think it’s funny? Fine. But treat it like a lottery ticket - not an asset.

If you’re new to crypto? Stay away. You don’t need to start with a coin this risky. Learn the basics with Bitcoin, Ethereum, or even stablecoins before jumping into something with no utility, no liquidity, and no future.

JUGNI isn’t a cryptocurrency in the traditional sense. It’s a digital meme with a blockchain address. And like all memes, it will fade - probably sooner than you think.

August 21 2025
Terri DeLange
16 Comments
Permalink

Written by: Terri DeLange

View all posts by: Terri DeLange

16 Comments

Ashley Mona
November 10, 2025 AT 21:21

Okay but can we talk about how JUGNI is basically the crypto version of that one cat that sits on your keyboard and accidentally sends 100 emails? 🐱‍💻 It’s not smart, it’s not strategic - it’s just… there. And somehow, people are still throwing money at it. I mean, I get the meme. But when your investment’s worth less than your coffee, maybe it’s time to pet the actual cat instead.
Edward Phuakwatana
November 12, 2025 AT 14:28

Let’s be real - JUGNI isn’t a coin, it’s a sociological experiment. A zero-tax, zero-utility, zero-team token that somehow became a cultural artifact on Polygon. It’s the blockchain’s answer to ‘why does this exist?’ - and the fact that people still trade it says more about human psychology than crypto innovation. We’re wired to chase ghosts with glitter on them. JUGNI is just the latest glitter ghost.
Suhail Kashmiri
November 14, 2025 AT 00:39

Bro this is why India has no respect for crypto anymore. You people turn a cat’s name into a currency and call it innovation? No. This is just gambling dressed up as Web3. You think you’re smart buying this? You’re just funding some guy’s Lambo while you cry about your 15 cents. Grow up.
Kristin LeGard
November 15, 2025 AT 09:21

Oh my god. This is the most beautiful dumpster fire I’ve ever seen. 87% held by 10 wallets? A market cap smaller than my rent? A website that looks like it was built in 2012? And people still think this is ‘community-driven’? No. It’s a monoculture of delusion. And I’m here for it. 😂
Arthur Coddington
November 15, 2025 AT 18:55

I just sat here for 20 minutes trying to buy JUGNI. I had to convert MATIC to WMATIC. I had to manually type the contract. I had to set 15% slippage. And then my transaction failed. Twice. I didn’t even get to lose money. I just lost my faith in humanity. This isn’t crypto. This is performance art. And I’m the audience.
Phil Bradley
November 16, 2025 AT 13:36

You know what’s wild? The fact that JUGNI’s entire value could vanish if someone sneezes on their keyboard. It’s not a coin - it’s a house of cards made of memes and hope. And yet, here we are. People still checking the price like it’s the lottery. I love it. I hate it. I can’t look away. 🤷‍♂️
Stephanie Platis
November 16, 2025 AT 21:43

It’s not merely a memecoin - it’s a catastrophic failure of financial literacy, wrapped in a blockchain, and sold with the emotional manipulation of a pet’s name. The fact that anyone still engages with this is a national disgrace. And yes - I’m speaking to you, the person who bought it ‘for fun.’ There is no ‘fun’ in losing money to a cat.
Michelle Elizabeth
November 17, 2025 AT 18:55

It’s funny how people romanticize ‘organic’ projects. JUGNI didn’t emerge from the people - it emerged from a joke that got too big for its britches. The fact that it still exists feels like a glitch in the simulation. I’m not mad. I’m just… disappointed. Like finding out your favorite artist made a song out of static.
Joy Whitenburg
November 19, 2025 AT 10:39

so like… i bought 500 JUGNI for like 3 bucks because i thought it was cute?? and then i tried to sell and it just… didn’t work?? like my wallet just sat there like ‘lol nope’ 😭 but honestly? i don’t even care. it was a fun little adventure. i got a story. and i still have my matic. win-win? 🤷‍♀️
Kylie Stavinoha
November 19, 2025 AT 20:21

There is a profound irony in how a token named after a domesticated animal has become the most un-domesticated experiment in decentralized finance. JUGNI reflects our collective yearning for meaning in a system that rewards randomness. It is not a currency - it is a mirror. And in it, we see our own irrational hope, our tribal loyalty to memes, and our refusal to accept that not everything needs to be monetized. The cat, in its innocence, knew better.
Diana Dodu
November 20, 2025 AT 19:34

AMERICA IS WEAK. We let this happen. In China, they’d have shut this down in 2 days. In Russia, they’d have taxed it into oblivion. But here? We let a cat’s name become a financial instrument. This is why crypto is a joke. We don’t protect investors - we celebrate the suckers. JUGNI is the American Dream: buy low, hope higher, cry when you’re broke.
Raymond Day
November 22, 2025 AT 10:06

WHY ISN’T THE SEC DOING ANYTHING?! This is a CLEAR PUMP AND DUMP. 87% in 10 wallets? NO TEAM? NO ROADMAP? NO WEBSITE?! This isn’t crypto - it’s a FINANCIAL CRIME. Someone’s making millions off this and we’re just sitting here like ‘awwwww cute cat’ 😡 I’m calling my congressman. This is UNACCEPTABLE.
Noriko Yashiro
November 24, 2025 AT 09:45

It’s kinda beautiful in a weird way. A meme born from a pet, surviving on pure chaos, with no team, no rules, no safety net. It’s like a punk rock song in blockchain form. Not meant to last. Not meant to be wise. Just meant to be felt. And somehow… it still breathes. 🌿
Atheeth Akash
November 24, 2025 AT 19:15

My friend bought JUGNI last week. He said it was ‘a spiritual investment.’ I told him to sell before the next full moon. He didn’t listen. He’s still holding. I respect that. But I also worry for him. The cat is happy. The coin is not.
James Ragin
November 25, 2025 AT 18:42

Did you know that the contract address for JUGNI is identical to the coordinates of the Polygon headquarters? Coincidence? I think not. This is a psychological operation. The founders are using this to test mass delusion. They’re watching. They’re learning. And when the time is right - they’ll trigger the dump. You think you’re trading a coin? You’re a lab rat in a meme experiment.
Michael Brooks
November 25, 2025 AT 21:01

I’ve been tracking JUGNI since launch. The volume dropped 97%. The community shrunk. The devs vanished. The price? Collapsing. And yet - there’s still a tiny group of people checking the chart every hour. It’s not hope. It’s addiction. And honestly? It’s sad. This isn’t investing. It’s self-sabotage with a blockchain sticker on it.

Don’t buy it. Don’t trade it. Don’t even look at it. Learn how to use a wallet. Buy ETH. Learn DeFi. Then come back in 6 months. JUGNI will be a footnote. You’ll be ahead.