According to Foresight News, Nansen's CEO Alex Svanevik has introduced a new meme coin called IQ, based on the Solana blockchain. Data from DEXScreener indicates that IQ reached a market capitalization of $5 million within a day of its launch. The current price of IQ is $0.0061, marking a 7000% increase in the past 24 hours.

Svanevik utilized the MakeNowMeme platform to launch the meme coin. This platform allows users to create new meme coins from a post on X, requiring users to tweet with text in a specific format.