What is Wat (WAT)?

Quick Facts

  • Blockchain: Ethereum (ERC-20)
  • Ticker symbol: WAT
  • Theme: Tribute to Matt Furie's rat character and early illustrations
  • Contract deployed: 2024
  • Trading: Available on Ethereum-based decentralized exchanges
  • Community channels: Telegram and X (Twitter) at @wat0x63
  • Website: wat0x63.com

Introduction

Wat (WAT) is an Ethereum-based meme coin that pays tribute to Matt Furie, the artist widely known for creating Pepe the Frog. Specifically, WAT celebrates Furie's lesser-known but beloved rat character — his pet named Wat — drawing inspiration from Furie's early rat illustrations.

The project sits firmly within the internet-culture-driven meme coin space, building its identity around a recognizable figure from the world of online art and crypto lore.

History & Background

Matt Furie became a cultural phenomenon through his comic art, and the character Pepe the Frog grew into one of the most recognizable internet memes globally. Beyond Pepe, Furie created a broader cast of characters rooted in his early illustration work, including the rat character that inspired WAT.

The WAT token smart contract was submitted for verification on Etherscan in 2024, marking its launch on the Ethereum blockchain. The project adopted the handle wat0x63 across its website and social channels, blending a nod to the Ethereum address format with the character's name.

How Wat Works

WAT is a standard ERC-20 token deployed on Ethereum. The smart contract includes built-in mechanisms common to community meme tokens: buy and sell fees that direct a portion of each transaction to designated marketing and project development wallets.

The contract also features transaction and wallet size limits, which can be adjusted or removed by the owner over time. Swapback functionality allows accumulated fees to be automatically converted to ETH and distributed to the project wallets.

Tokenomics

WAT's economic design revolves around a transaction tax model. A percentage of every buy and sell is allocated to two wallets: a marketing wallet and a developer/project wallet. These funds are intended to sustain community growth and ongoing development efforts.

The token does not involve staking, liquidity mining, or complex DeFi mechanics. Its value proposition is primarily driven by community sentiment and cultural resonance with Furie's artistic legacy.

Circulating supply ? 420.69 billion WAT
Total supply ? 420.69 billion WAT
Max supply ? -- WAT
Updated 5d ago

Ecosystem & Use Cases

WAT's primary use case is as a community and cultural token. Holders participate in a shared identity around Matt Furie's art and internet culture. The token can be traded on decentralized exchanges that support Ethereum-based ERC-20 tokens.

The project's ecosystem is community-driven, with engagement happening mainly through its Telegram group and X (Twitter) page.

Team, Governance & Community

The WAT project operates as an anonymous, community-led initiative, which is typical of meme coins. No formal governance structure or DAO mechanism is in place. Decisions about the project are made informally by the founding team behind the wat0x63 social presence.

The community gathers on Telegram and X, where updates and discussions are shared with holders.

Advantages

  • Cultural relevance: Built around Matt Furie's art, a figure with deep roots in internet and crypto culture.
  • Simple entry point: Standard ERC-20 token tradeable on popular Ethereum DEXes.
  • Community-driven: Engagement through active social channels.
  • Transparent contract: Source code verified and publicly available on Etherscan.

Risks & Challenges

  • High volatility: Meme coins are subject to extreme price swings driven by sentiment rather than fundamentals.
  • Anonymous team: No publicly identified founders, which limits accountability.
  • No utility beyond culture: WAT does not have staking, governance, or DeFi integrations.
  • Transaction taxes: Buy and sell fees reduce the effective value of each trade.
  • Market dependency: Value is heavily tied to community interest and broader meme coin trends.

Long-Term Vision

WAT's long-term vision is rooted in expanding the cultural footprint of Matt Furie's rat character within the crypto space. Alongside other Furie-inspired creations, WAT aims to build a recognizable community of art and meme enthusiasts on Ethereum. Its staying power will depend on continued community engagement and the enduring appeal of Furie's broader artistic universe.

Frequently Asked Questions

WAT is an Ethereum-based meme coin created to honor Matt Furie's rat character named Wat. It draws inspiration from Furie's early rat illustrations and his broader cast of artistic creations.

Matt Furie is the artist behind Pepe the Frog and a range of other internet-famous characters. WAT specifically references his pet rat character Wat, celebrating Furie's early illustration work.

WAT is an ERC-20 token deployed on the Ethereum blockchain. It can be traded on Ethereum-compatible decentralized exchanges.

Yes, the WAT smart contract includes buy and sell taxes. A portion of each transaction is routed to marketing and project development wallets.

No, WAT does not currently offer staking, yield farming, or other DeFi integrations. It functions primarily as a community and cultural meme token.

WAT can be purchased on decentralized exchanges that support Ethereum ERC-20 tokens. You will need an Ethereum-compatible wallet and ETH to cover gas fees.

The WAT community is active on Telegram and X (Twitter) under the handle @wat0x63. The official website is wat0x63.com.

The WAT project is run by an anonymous team operating under the wat0x63 brand. There is no publicly identified founding team or formal governance structure.