Bitcoin 
Ethereum 
Tether 
Solana 
BNB 
Dogecoin 
XRP 
USDC 
Lido Staked Ether 
Cardano 
TRON 
Shiba Inu 
Toncoin 
Avalanche 
Wrapped stETH 
Wrapped Bitcoin 
Pepe 
Sui 
WETH 
Bitcoin Cash 
Chainlink 
Polkadot 
LEO Token 
NEAR Protocol 
Aptos 
Litecoin 
Wrapped eETH 
USDS 
Uniswap 
Cronos 
dogwifhat 
Internet Computer 
Bittensor 
Stellar 
Artificial Superintelligence Alliance 
Ethereum Classic 
Dai 
Kaspa 
WhiteBIT Coin 
Ethena USDe 
POL (ex-MATIC) 
Stacks 
Render 
Bonk 
Monero 
OKB 
Aave 
Mantle 
Arbitrum 
Filecoin 
Nansen CEO Unveils IQ Memecoin, Skyrockets to $6 Million Market Cap in 24 Hours
Alex Svanevik’s Innovative Memecoin on Solana Blockchain
In a remarkable display of crypto fervor, Alex Svanevik, CEO of the onchain analytics powerhouse Nansen, has introduced a new Solana-based memecoin dubbed IQ. The coin has swiftly ascended to a $6 million market capitalization within its inaugural day, as per data from crypto analytics platform DEXScreener. As of 11:22 a.m. ET (15:22 UTC) on July 31, IQ is priced at $0.0061 USD and 0.00003370 SOL, marking an astronomical 7,000% surge over the past 24 hours.
A Cautionary Note from Svanevik
“Testing some tech a friend built,” Svanevik commented on the social media platform X. “Don’t ape this thing god**mnit.” In crypto parlance, ‘aping’ describes investors impulsively purchasing a digital asset without conducting thorough research.
Read more:Â Phoenix Memecoin ($PHNX) Launches with Innovative Tokenomics and Community Focus
MakeNowMeme: The Engine Behind IQ
Svanevik leveraged the MakeNowMeme platform to launch IQ. This innovative service enables users to create a new memecoin with a simple post on X, necessitating the use of a specific tweet format.
Similar to the functionality of the memecoin platform Pump.fun, once a sufficient number of users purchase a newly minted MakeNowMeme token, its liquidity is added to the decentralized exchange Raydium before being burned, thereby stabilizing the market.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Get Blockchain Insights In Inbox
Stay ahead of the curve with expert analysis and market updates.
latest from tech
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.
About the Author: Eunji Lim
