CEO Meme Coin Launched, Market Shook: Rose Seven Thousand Percent, Quickly Dropped! - Coin Bulletin

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An experienced name in the cryptocurrency market has launched a new meme coin on the Solana (SOL) network.

Nansen's CEO Alex Svanevik has launched a new memecoin called IQ based on Solana. Svanevik used the platform MakeNowMeme to create this token.

According to the crypto data platform DEXScreener, IQ reached a market value of $5 million just one day after its launch. The price of the meme coin was recorded as $0.001251 as of August 1st.

After IQ was launched, it showed an increase of 7,000%. However, this increase did not last long, and the price fell from $0.0061 to $0.0012.

On the Svanevik social media platform X, he said, "I'm testing some technologies developed by a friend."

Don't jump into this damn thing right away. The term 'Apelemek' refers to investors quickly buying a cryptocurrency or digital asset without doing any research.

What is MakeNowMeme?

Svanevik used MakeNowMeme to launch the memecoin. This platform allows users to launch a new memecoin with just one post on X, requiring users to tweet in a specific format containing text.

Similar to the Pump.fun platform, when a sufficient number of users purchase a new MakeNowMeme token, its liquidity is listed on the Raydium exchange and then burned.

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