Nansen CEO Alex Svanevik launched his meme coin called IQ based on Solana through the MakeNowMeme platform.
$IQ @makenowmeme pic.twitter.com/lYXHfB8iEQ
— Alex Svanevik 🐧 (@ASvanevik) July 31, 2024"I'm testing some technology that my friend has developed," he added.
MakeNowMeme allows you to create meme tokens using a post in X. The user is only required to post a publication in a certain format.
When a sufficient number of traders buy a new asset, its liquidity is automatically placed on the decentralized Raydium exchange.
At the time of writing, IQ is trading at about $0.0012, having gained 1350% over the past day. Its capitalization is $1.19 million, according to GeckoTerminal.
The 15-minute IQ/USD chart of the Raydium exchange. Data: GeckoTerminal.At its peak, the coin reached $0.013, but quickly adjusted. Its daily trading volume exceeded $34 million.
MakeNowMeme is an analog of the pump.fun platform. On July 1, the daily revenue of the latter reached $1.99 million, ahead of Ethereum.
Recall that the DEX Screener cryptocurrency data service also launched on Solana a competing platform for creating meme coins called Moonshot.