- The CEO of Nansen, a onchain analytics platform, Alex Svanevik, has introduced IQ, a new memecoin.
- Svanevik created the token using the MakeNowMeme platform.
The CEO of Nansen, a onchain analytics platform, Alex Svanevik, has introduced IQ, a new memecoin based on Solana.
Within a day of its launch, IQ’s market capitalization increased to $5 million, as reported by DEXScreener, a cryptocurrency data portal. The token’s price increased by 7,000% in the last day to $0.0061 USD and 0.00003370 SOL as of July 31 at 11:22 a.m. ET (15:22 UTC).
On social media platform X, Svanevik said that he was testing some gear that a friend had made. “Goddamnit, don’t copy this.
When investors acquire a cryptocurrency or other digital asset rapidly without conducting adequate study beforehand, it’s referred to as “aping.”
Describe MakeNowMeme
Svanevik launched the memecoin using MakeNowMeme. With simply a post on X, users can start a new memecoin on the platform; however, they must post the tweet in a particular manner and include text.
When enough people purchase a new MakeNowMeme token, its liquidity is put into the decentralized exchange Raydium before being burned, much as the memecoin site Pump.fun.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
