Derivatives · Review
ActiveCoffin.Meme Review 2026: Shorting Memecoins on TON
Coffin.Meme is a small TON-based platform for short-selling memecoins, built on EVAA lending contracts. Liquidity is thin and no audits are listed, so treat it as an experimental, high-risk tool.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on Coffin.Meme
Coffin.Meme suits experienced TON users who want to short memecoins and accept high risk. Its main strength is a clear niche built on EVAA's existing lending contracts. The main caveat is size and transparency: TVL is under $10,000, no audits are listed, and fees and mechanics are not published publicly. Beginners should avoid it, and anyone using it should size positions small.
Score breakdown
How Coffin.Meme scores
- Security
- 3.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 4.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Coffin.Meme?
Coffin.Meme is a decentralised shorting platform on the TON blockchain. DefiLlama describes it as a DeFi platform powered by EVAA lending smart contracts to short-sell memecoins and earn money. It has been listed since October 2024.
DefiLlama categorises it as Derivatives. TVL is about $9,492, down 33.5% over seven days, and it lists no audits and no token. That makes it a very small, early-stage product.
Public sources are limited to a one-line description and a homepage title, so details on markets, fees, team and security design are not confirmed here.
How Coffin.Meme works
Coffin.Meme is described by DefiLlama as a DeFi platform powered by EVAA lending smart contracts to short-sell memecoins. A short is a bet that a token's price will fall. On lending-based platforms, this usually works by borrowing the token, selling it, and later buying it back to repay the loan.
The project does not detail how Coffin.Meme structures positions, collateral or liquidations. Because it uses EVAA's lending contracts, positions are likely governed by the lending protocol's collateral and liquidation logic. That is an inference from the description, not a stated detail.
If the token's price falls, the short gains. If it rises, losses grow and the position can be liquidated. Memecoins are especially volatile.
4 features
Key features
01
Memecoin short-selling
The platform is built for shorting memecoins, letting users bet on price declines rather than only buying.
02
EVAA lending backend
DefiLlama says it is powered by EVAA lending smart contracts, so it relies on an existing lending protocol rather than its own pool design.
03
TON-native
The homepage describes it as a decentralised shorting platform running on the TON blockchain.
04
No token required
DefiLlama lists it as a derivatives protocol with no governance or platform token.
Pros and cons
What we like
- Fills a niche: shorting memecoins on TON, where few such tools exist
- Builds on EVAA lending contracts instead of a new lending design
- Runs on TON, which suits users already in the Telegram and TON ecosystem
- No token, so no separate token purchase is needed to use it
Watch out for
- Very small TVL of about $9,492, with a 33.5% drop over seven days
- No audits listed on DefiLlama
- Shorting memecoins is high risk and can lose the full position
- Mechanism details, fees and team are not published publicly available
- Depends on EVAA lending contracts, so it inherits that protocol's risk
- No token and little public data on usage or track record
Coffin.Meme fees
Fees are not published publicly available. Users would likely see any trading, borrowing or network costs in the app before confirming a position.
Shorts built on lending markets typically involve interest on borrowed assets plus blockchain transaction fees, but the exact amounts for Coffin.Meme are not stated here.
Is Coffin.Meme safe?
DefiLlama lists no audits for Coffin.Meme. TVL is about $9,492, so there is little capital behind it. Smart-contract risk is layered, since the platform depends on EVAA's lending contracts as well as its own code.
Shorting volatile memecoins carries liquidation risk and can lose the full position. The project does not mention regulatory status, custody details or past incidents. Do your own research and only use funds you can afford to lose.
6 steps
How to get started with Coffin.Meme
- 1
Confirm you understand that shorting memecoins can lose your whole stake and that price moves can be sudden.
- 2
Set up a TON-compatible wallet and fund it with the assets you need, including TON for network fees.
- 3
Visit the official website and review the available markets and any posted terms.
- 4
Check the fees, collateral requirements and liquidation rules before opening a position.
- 5
Start with a small amount, since liquidity is thin.
- 6
Monitor your position and know how to close it.
Who Coffin.Meme is for
This is for experienced TON users and memecoin traders who understand leverage, borrowing and liquidation risk and want a way to bet against tokens. It is not suited to beginners or anyone who cannot afford to lose their deposit.
Coffin.Meme FAQs
What is Coffin.Meme?
Coffin.Meme is a decentralised shorting platform on TON. According to DefiLlama, it is powered by EVAA lending smart contracts and lets users short-sell memecoins.
Which blockchain does Coffin.Meme use?
Public sources name only TON. DefiLlama lists TON as its single chain, so you would need a TON-compatible wallet.
Is Coffin.Meme safe?
Not necessarily. DefiLlama lists no audits, and TVL is only around $9,492. Memecoin shorting is volatile, and you could lose your whole position, so only risk what you can afford to lose.
Does Coffin.Meme have a token?
No. DefiLlama shows no token for the project, and the project does not mention one.
What does it cost to use?
Fee details are not. Check the app before opening a position, and remember that lending-based shorts usually involve borrowing costs and network fees.
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How we checked
Sources
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