What is Metahorse Unity (MUNITY) crypto coin? Real performance, risks, and why it's fading fast

Metahorse Unity (MUNITY) is a cryptocurrency built on the Ethereum blockchain, designed to power a set of horse-themed Web3 games. Launched on January 22, 2024, it was meant to connect three games-Metahorse Unity, Stutengarden, and MDeed-into one ecosystem where players race NFT horses, manage farms, and trade in-game items. But behind the flashy concept, the token’s real-world performance tells a very different story.

How MUNITY was supposed to work

The idea was simple: combine horse racing, RPG elements, and farm simulation into a cross-platform Web3 experience. Players could catch wild NFT horses, upgrade their gear using MUNITY tokens, and compete in PvP or PvE races. The token was meant to be the glue holding it all together-buying horses, paying entry fees, trading equipment, even earning rewards.

Unlike big gaming tokens like GALA or SAND, MUNITY focused narrowly on equine themes. That’s not necessarily bad. Niche markets can thrive if executed well. But execution is where things fell apart.

Technical specs: ERC20 on Ethereum

MUNITY is an ERC20 token, meaning it runs on Ethereum’s network. It has:

• Total supply: 500,000,000 tokens
• Decimal places: 18
• Smart contract address: 0xe97f6dde78b11b58cb3e394f15ab592cb2acd290

No mining. No staking. Just a fixed supply. That’s common for gaming tokens. But here’s the catch: the token’s value doesn’t come from utility-it comes from hype. And the hype died quickly.

Price crash: From $0.03 to $0.0006

According to CoinLore, MUNITY hit an all-time high of $0.0299 in August 2023-before its official launch. That’s a red flag. Often, pre-launch price spikes are pump-and-dump setups. After launch, the value collapsed.

As of December 2025:

• Current price: ~$0.000614
• Year-over-year drop: 92.34%
• Market cap: ~$214,000-$307,000
• 24-hour trading volume: $20,000-$70,000

That’s not a dying project. It’s already dead. For comparison, top gaming tokens like Zed Run have processed over $200 million in NFT sales. MUNITY’s daily volume is less than what a single Zed Run horse might sell for.

No liquidity, no exchanges

You won’t find MUNITY on Binance, Coinbase, or Kraken. It’s only available on small decentralized exchanges (DEXs) like Uniswap or PancakeSwap, with low liquidity. That means if you try to buy $1,000 worth, you’ll likely move the price 20-30% just by placing the order.

This isn’t normal market fluctuation. This is illiquidity. It makes trading risky, expensive, and often impossible for anyone but the smallest investors.

Community? Gone.

Look for discussions about MUNITY on Reddit, Twitter, or Telegram. You won’t find much. As of October 2024, Reddit had zero dedicated posts in 90 days. Twitter had fewer than 500 mentions in a month. No active Discord server. No developer updates. No roadmap progress.

Even data sites like CoinLore still say, “Information about this asset is coming soon.” That’s not a technical glitch. It’s a signal that no one cares enough to update the data.

Why no one’s playing the games

The project promised three interconnected games. But there’s zero evidence anyone’s actually using them. No user reviews. No YouTube walkthroughs. No screenshots from real players. The DAO Maker page still lists ambitious goals-“revolutionizing horse-themed gaming”-but there’s been no public milestone since launch.

Compare that to Horsecoin or Zed Run. Both have real-world partnerships, live racing events, and thousands of active players. MUNITY has a website, a whitepaper, and a token contract. That’s it.

Expert predictions: More losses ahead

WalletInvestor and Swapspace predict MUNITY could drop another 80-90% by 2026, falling to $0.0001 or lower. That’s not speculation. It’s based on current trends: zero adoption, zero volume, zero updates.

Major crypto analysts from Messari, Delphi Digital, or CoinDesk’s editorial team have never mentioned MUNITY. That’s telling. If a token doesn’t even warrant a footnote from professionals, it’s not worth a second look.

Is MUNITY a scam?

It’s not clearly fraudulent-there’s a working contract, real token supply, and a project page. But it’s a textbook case of overpromising and underdelivering. The team raised expectations with a compelling vision, then vanished. That’s worse than a scam. It’s a waste of time.

If you’re thinking of buying MUNITY because it’s “cheap,” remember: cheap doesn’t mean a good deal. It means high risk with no upside. With a market cap under $300,000, this token could disappear overnight without a trace.

What should you do?

If you already own MUNITY: consider cutting your losses. The chances of recovery are near zero. The token has no catalysts, no community, and no future roadmap.

If you’re thinking of buying: don’t. This isn’t an investment. It’s a gamble on a project that’s already failed. The games aren’t live. The token isn’t traded. The team isn’t talking. And the market has voted-with its silence.

Bottom line

Metahorse Unity (MUNITY) was supposed to be a unique Web3 horse racing experience. Instead, it became a cautionary tale. A token with no users, no volume, no updates, and no future. The concept had potential, but the execution was nonexistent. Don’t chase dead projects. Look for tokens with real activity-not just whitepapers and promises.