**News Flash: X Suspends Popular Memecoin Account**

Elon Musk's social media platform, X, has suspended the "makenowmeme" account, which allowed users to create memecoins with a single post. The account, boasting 15,000 followers, was taken down for allegedly violating platform rules.

- **How It Worked**: Users could mint memecoins by posting a $ticker, token name, description, and tagging @makenowmeme.

- **Market Impact**: The top token, 'Dogs,' reached a market cap of $184,000. Traders made significant profits, with one earning 4,721 SOL (~$800,000) from the token CTO.

- **Current Status**: The account owners have paused minting and are not seeking restoration.

Memecoins on Solana have seen a surge, outperforming the broader crypto market.