Updated 20 August 2026 · Situation developing, this page will be updated as facts settle
This page used to be a buying guide for FEFER, the first memecoin on Stable. On 20 August 2026 we pulled it. A second token named FEFER appeared while the original collapsed, and the accusations flying around involve the chain's own foundation. Here is what we can verify, what is only alleged, and what to do if you hold the token.
We will update this page when the situation clarifies. What we will not do is keep a step-by-step buying guide online while it does.
FEFER is a blue dinosaur themed memecoin, and the first one native to Stable. It was teased by Stable's own official account with the line "The first memecoin on @Stable? Fefer incoming", and it received a public nod from Tether's CEO on 22 July 2026. That combination is what triggered the frenzy.
On 23 July 2026 the chain processed 167,000 transactions in twenty four hours, an all time record for Stable, driven mostly by FEFER trading. The token passed 5,000 holders. Activity has since cooled substantially: Stable now sees around 30,000 DEX transactions a day.
The contract of the original FEFER on Stable, the one whose holder base and trading history match the July run on Stablescan, is:
0xeaf7aC0FdF150CDD89340fB762D83848De6A7b83
This is the first thing worth knowing, and almost nobody publishes the answer. We ran the contract through GoPlus Security, which supports Stable chain 988, and here is the raw result rather than an opinion.
| Check | Result | What it means |
|---|---|---|
| Honeypot | No | You can sell what you buy. This is the check that matters most. |
| Buy tax / sell tax | 0% / 0% | No hidden cut on either side of the trade |
| Mintable | No | Nobody can create new supply out of thin air |
| Source code verified | Yes | The contract is public and readable |
| Ownership reclaimable | No | The deployer cannot take control back |
| Transfers pausable | No | Nobody can freeze your tokens |
| Holders | 5,462 | A real distributed holder base, not three wallets |
Checked 7 August 2026, before the events described at the top of this page. A clean technical audit says nothing about what a foundation or a community does next: the contract was never the problem. You can re-run these checks yourself, the method is on our token discovery page.
FEFER went through a community takeover on 24 July 2026, meaning the original deployer stepped away. Since then at least three different websites each claim to be the official one, each with its own X account, and there is no authority left to settle the argument. There are also several tokens with confusingly similar names: FEFER, FEFERZ, FEFERFUN and FEFSTR are four different things — and since 20 August there is also a second token calling itself FEFER, which is the subject of the warning at the top of this page.
This is exactly why you verify the contract address and not the website. The address at the top of this page is the one that matches the holder count and the trading history on Stablescan.
We pulled the buying instructions, not the exit instructions. Two routes, both still working as of 20 August:
Through a Telegram trading bot: open your positions, choose a sell percentage, confirm. Through MetaMask: go to DYORSwap (where the original FEFER's liquidity lives), swap FEFER back into WgUSDT, then into USDT0 if you want to bridge out entirely.
Three practical warnings for this specific situation. Raise your slippage if the price is moving fast, otherwise the transaction fails and you pay gas for nothing. The pool is thin after the collapse: selling a large position at once will move the price against you, badly. And sell only through the routes above, that you type yourself: any link sent to you "to help you exit" is how people lose the rest.
DexScreener and GeckoTerminal both cover Stable. StableCharts is a Stable native screener that reads the chain directly and shows what is trending in the last hour, which is useful when a new wave starts.
FEFER was the token that put Stable on the map: teased by the chain's own account, nodded at by Tether's CEO, a record 167,000 transactions in a day at the July peak. That origin story is exactly why the August events cut so deep. If the accusations are accurate, the community that built the chain's only organic success was cut loose by the institution that benefited from it. If they are not, the foundation has an easy way to say so, and had not done so at the time of writing. Either way, a memecoin's only real asset is its community's trust, and that asset is what just collapsed.
For the chain underneath, the infrastructure facts have not changed and are documented on our chain overview. What has changed is a trust question that infrastructure cannot answer, and we will keep documenting it with dates rather than opinions.