AyeAyeCoin ($WAAC) is recognized as the first memecoin on the Ethereum blockchain. It was named after the aye-aye lemur and was deployed in August 2015, merely a few weeks after Ethereum's official launch.
The project's key features include:
1. A total supply of six million whole coins were created, with no decimal places.
2. Initially, all coins were distributed one by one through a faucet built into the smart contract. Users could claim a coin, and the contract would return the phrase, "ayeAyeCoin love! One coin for you!"
3. No new coins can be created. The faucet is now empty.
After its creation, AyeAyeCoin was largely unnoticed for almost nine years until it was rediscovered on May 26, 2024, by the user @goatishduck on X (formerly Twitter). Following its rediscovery, the entire supply of six million tokens was claimed from the faucet within two days. The discoverer, @goatishduck, confirmed its status as the first Ethereum memecoin by analyzing the 364 contracts that were deployed before it and finding no others with a distinct name or theme.
Since the original AyeAyeCoin token predates the ERC-20 standard, it is not compatible with many modern decentralized applications (dApps). To address this, a wrapper contract was created, allowing the coin to be held and traded as Wrapped AyeAyeCoin ($WAAC), which is ERC-20 compliant. Users can wrap and unwrap the token at any time.
The creator, an anonymous developer known as "linagee," is a notable early figure in the Ethereum community, also responsible for other early projects like the Linagee Name Registrar. A comment saying "linagee was here" was added to the Etherscan entry for the contract on January 3, 2025, presumably by the creator. The coin's community has embraced its connection to the endangered aye-aye lemur, with some members donating a portion of liquidity pool fees to conservation organizations.