đ Crypto hot news: @makenowmeme account on X is locked for violating regulations. This account allows creating memecoins with just one post. Currently, minting has been paused.
đĄ How it works: Users just need to post with $ticker, coin description, tag @makenowmeme and can attach images/videos. When enough people buy, the liquidity is deposited into Raydium and burned.
đ Featured Token: 'Dogs' has a market cap of $184,000. One trader earned 4,721 SOL (~$800,000) in just 1 hour with CTO tokens.
đšâđ» Nansen CEO, Alex Svanevik, also participated with memecoin IQ, the price and capitalization increased sharply on the launch day.
đ Memecoins on Solana increased sharply at the end of July, accounting for 2% of the total crypto market capitalization of $48 billion.
What do you think about the memecoins boom? Comment now! đŹ
