Owning BUN: Uses, Storage and Risks

Bundle Cat (BUN) is a cat-themed meme token on Robinhood Chain and the first token launched through Mosh, a token-launch protocol developed by UV Labs. Its role is to demonstrate Mosh’s launch model; BUN is not described as a share in the protocol or as a claim on trading-fee distributions.

Mosh’s model lets participants fund token bundles that are placed in non-custodial smart-contract vaults and permanently locked at launch. Autonomous AI agents use the locked tokens to provide liquidity and generate buy-side market activity under contract-enforced rules. Fees from that agent activity go to the participants who funded the bundle. That arrangement concerns the bundle’s funders, so don’t assume that simply holding BUN entitles you to those fees.

As of 2026-11-08, BUN was priced at about $0.030, with a market cap of about $6.1 million and a fully diluted valuation of about $29.6 million. Its price can move sharply: it was about 18% lower over the previous seven days. These are snapshots, not forecasts.

BUN is issued on Robinhood Chain; it is not listed as the native token of any chain. If you plan to hold it in a self-custody wallet, first confirm that the wallet supports Robinhood Chain and can display and send the BUN token. Do not assume a wallet supports the chain just because it supports other networks.

Before transferring, check the token’s official contract address and network details against a trusted project source. Token names and symbols can be copied, so a search for “BUN” alone is not enough to identify the right asset. Send a small test amount first if you are comfortable with the network’s transaction costs, and make sure the receiving wallet can access the same network.

The project’s published token details do not identify a particular wallet, exchange, or custody service as the recommended option. If you use a custodial platform, check whether it supports deposits and withdrawals of BUN on Robinhood Chain. A deposit address on a different network may not work, and a mistaken transfer can be difficult or impossible to recover.

BUN has a maximum supply of 1 billion tokens. About 207.6 million were circulating as of 2026-11-08, leaving a substantial difference between circulating and maximum supply. The project details do not explain when or how the remaining tokens may enter circulation, so check for current token-distribution information before relying on the circulating figure.

A larger eventual supply can affect how you interpret the market cap: the fully diluted valuation estimates the value of all 1 billion tokens at the current price, while market cap uses the circulating supply. Neither figure tells you what the token will be worth later.

BUN reached an all-time high of about $0.118 on 2026-09-28 and an all-time low of about $0.0082 on 2026-09-05. Those past prices show how wide its trading range has been, but they do not indicate a likely future price. Treat market data as time-sensitive and avoid making decisions from a single snapshot.

If you keep BUN in a self-custody wallet, protect the recovery phrase offline and never share it or enter it into a site or message you did not independently verify. Use a device lock, keep wallet software updated, and check the network and recipient address before approving a transfer. A recovery phrase gives control of the wallet to whoever has it; losing it can mean losing access.

BUN’s main risks include meme-token volatility, limited publicly described use beyond its role as Mosh’s flagship demonstration token, and uncertainty about the timing of the remaining supply. The Mosh model also depends on smart contracts and autonomous agents. Contract-enforced rules do not eliminate the possibility of software flaws, operational problems, or unexpected market behavior, and permanent locking of bundle assets can make recovery or reversal impossible.

Only commit money you can afford to lose. Check contract details carefully, be wary of impersonation tokens and unsolicited offers, and understand that the market price and ability to sell can change quickly.