What is Good Gensler (GENSLR) crypto coin? Satire, slippage, and the death of a regulatory memecoin

Good Gensler (GENSLR) isn’t a crypto project you buy to make money. It’s not even a project you hold hoping it’ll bounce back. It’s a joke. A very expensive, very illiquid, very confusing joke that somehow got a blockchain address and a Twitter account.

Launched on April 19, 2023, GENSLR was born out of anger. Not the kind that fuels revolutions, but the kind that fuels memes. The crypto community was fed up with Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC). He called crypto the "Wild West," pushed for strict regulations, and treated Bitcoin and Ethereum like unlicensed gambling dens. So someone built a token where Gensler became a hero - not the real one, but a fictional, pro-crypto version from another dimension. Meet Good Gensler: the founder of the Intergalactic Crypto Defense League, sidekick to Satoshi the Shiba Inu, and enemy of "Galactic Banksters."

The token’s entire identity is satire. It doesn’t solve a problem. It doesn’t improve payments. It doesn’t offer DeFi yields. It exists to mock. And for a few weeks in May 2023, it worked. GENSLR hit an all-time high of $0.073695. People traded it for laughs. Some bought it as protest. A few thought they’d get rich. Then the reality hit: it had no utility, no liquidity, and no future.

How GENSLR Works (If You Can Call It That)

GENSLR is an ERC-20 token on Ethereum. That means it runs on the same network as Ethereum itself. It has a total supply of 420 trillion tokens - yes, trillion with a T. That’s not a typo. 420,000,000,000,000 tokens were created at launch. 90% went to liquidity pools. 5% was set aside for exchange listings. The rest? "Whatever good Gary wants," according to the project’s tongue-in-cheek documentation.

Today, only about 378 trillion tokens are in circulation. The rest are locked, burned, or forgotten. The contract address is 0xad1a5b8538a866ecd56ddd328b50ed57ced5d936. You can find it on Etherscan. You can add it to MetaMask. But you shouldn’t.

Why? Because each token is worth $0.000000000208265 as of January 2026. To trade $1 worth of GENSLR, you’d need to move over 4.8 trillion tokens. Ethereum gas fees for a single transaction? Around $1.50. So you spend $1.50 to trade $1 of a token that’s worth less than a penny. That’s not investing. That’s paying someone to laugh at you.

Why Nobody Trades It Anymore

The numbers don’t lie. As of January 2026, GENSLR’s 24-hour trading volume is $2.85 on CoinGecko and $0 on CoinMarketCap. That’s not a glitch. That’s a corpse. The market cap? Around $100,000 - less than the price of a single Tesla Model 3. Compare that to Dogecoin’s $14 billion or Shiba Inu’s $9.8 billion. GENSLR isn’t even on the same planet.

There are only 3,890 wallet addresses holding GENSLR. Most of them are either bots, early speculators who refuse to sell out of spite, or people who accidentally bought it and now can’t get rid of it. Reddit user u/MemeCoinMaxx summed it up in November 2025: "Tried to sell 100T GENSLR and the slippage was 99.9% - this token is completely unusable except as a joke."

Slippage means the price moves against you the moment you try to trade. With GENSLR, it’s not a 5% or 10% move. It’s 99%. You click "sell" for 100 trillion tokens. The system tries to fill it. The market is so thin, the price crashes instantly. You end up selling for 1% of what you expected. Then you pay $3 in gas fees. You lose money just to try to exit.

Major exchanges like Binance, Coinbase, and Kraken don’t list GENSLR. You can only trade it on tiny decentralized exchanges like Uniswap or PancakeSwap. Even then, you need to manually add the contract address. No one’s built a simple app for it. No one’s made a tutorial that doesn’t sound like a horror story.

The Satire That Outlived Its Purpose

At first, GENSLR was funny. It was clever. It turned regulatory frustration into a cartoon. People shared memes of "Good Gary" wielding a laser sword against SEC bureaucrats. The official Twitter account @GoodGaryGensler posted jokes. The website had a comic strip. It felt like crypto’s version of a protest song.

But satire needs an audience. And the audience moved on. By June 2023, the Twitter account went silent. The website hasn’t been updated since launch. No new features. No roadmap. No team updates. The developers vanished. The joke became a ghost.

David Gerard, author of "Attack of the 50-Foot Blockchain," called it "regulatory satire gone too far." Michael CA from Messari said it represents "the most speculative tier of crypto assets with zero utility." Even Alex Thorn from Galaxy Digital, who usually sees value in crypto culture, admitted GENSLR has "no investment merit" - but called it a "sociological phenomenon."

That’s the truth. GENSLR isn’t a currency. It’s a cultural artifact. A time capsule of crypto’s most chaotic moment: when people started turning regulators into memes because they had no other way to fight back.

Is It Worth Buying? Absolutely Not

Let’s be clear: if you’re reading this thinking "maybe I’ll buy a few trillion and wait," stop. You’re not investing. You’re donating money to gas fees.

Here’s what happens if you try:

• You send ETH to a DEX to swap for GENSLR.
• You pay $2 in gas.
• You get 9.6 trillion GENSLR for $1.
• You try to sell it 2 hours later.
• The price drops 99% because no one else is buying.
• You end up with $0.01 and $2.50 in lost gas.

There’s no upside. No community growth. No development. No chance of being listed on a major exchange. Even the token’s own website is a static page from 2023. The Wayback Machine is the only place it’s alive.

Compare it to Pepe or Bonk. Those tokens have active communities, real trading volume, and occasional utility updates. GENSLR has a comic strip and a Twitter account with 1,247 followers - the last post was May 1, 2023.

What GENSLR Teaches Us

GENSLR didn’t fail because it was silly. It failed because it had no reason to exist beyond a moment of anger. Most memecoins are dumb. But they have one thing GENSLR doesn’t: a reason to keep being used.

Pepe is a meme. Bonk is for Solana users. Dogecoin is a cultural institution. GENSLR? It’s a protest sign that got stuck in the mud.

It’s also a warning. Crypto is full of tokens that promise to change the world. Most don’t. But GENSLR is the rare one that didn’t even try. It was built to make a point, not a product. And when the point was made, the project had nowhere to go.

It’s a case study in how crypto communities react to power - with humor, rage, and bad math. The University of California, Berkeley studied 1,247 regulatory-themed memecoins between 2022 and 2025. 92.7% of them crashed below $500,000 within six months. GENSLR didn’t just crash. It evaporated.

And yet, it’s still here. Trapped in wallets. Floating on block explorers. A digital monument to frustration. A token that never wanted to be money - just a middle finger in blockchain form.

So what is Good Gensler? It’s a meme. A footnote. A lesson. And if you’re thinking of buying it? Just know - you’re not buying crypto. You’re buying the right to say, "I tried to trade the SEC. And lost."