X Suspends “makenowmeme”: Account to Launch Memecoin via Tweet 🚫
The social platform X, spearheaded by Elon Musk, has taken action by suspending the account “makenowmeme” for allegedly breaching its regulations.
Essentially, “makenowmeme” enabled users to introduce new memecoins on Solana through a simple tweet.
– Users simply needed to adhere to a specified format on X, including a $ticker with the token name, coin description, and tag @makenowmeme.
Currently, even on the official makenow.meme website, minting is halted while efforts are made to restore it. The reported message reads:
“The @makenowmeme X account has been suspended, and we are striving to rectify the issue. Minting activity is suspended for now, with an official update forthcoming on this site.”
The Paused “makenowmeme” Account and the Surge of New Memecoins 📉
The recently suspended X account “makenowmeme” has garnered 15,000 followers. Memecoins initiated through this platform are making waves in the market.
– The leading token “Dogs” produced via makenow.meme has achieved a market cap of $184,000.
– Profits from memecoins like CTO, created via makenow.meme, have been impressive, with one trader earning 4,721 SOL ($800,000) within an hour post-launch.
A trader’s success story with CTO memecoin exemplifies the potential returns achievable through makenow.meme’s platform. The trader cashed in 4,721 SOL ($802.5K) in a single hour with a 94x gain.
Embracing the Era of Memecoins 🚀
The memecoin phenomenon continues to thrive. Notably, in mid-July, Pepe (PEPE) and Dogwifhat (WIF) overshadowed Bitcoin, Ethereum, and Solana in terms of growth and market value.
– The memecoin sector, valued at $53 billion, experienced a 12% overall surge, with PEPE and WIF recording 22% and 25% growth, respectively.
– However, current trends depict a stronger price decline in major memecoins compared to BTC and ETH. For instance, PEPE and WIF dropped by -14% and -27% in the past week, while BTC and ETH faced a -4% and -3% decline.
Besides the prominent memecoins and those initiated via “makenowmeme,” other memecoins inspired by potential substitutes for Joe Biden have gained traction since early July. Coins like “Kamala Coin” and “Buttigieg Bucks” witnessed significant growth within 24 hours.
Hot Take: The Future of Memecoins 💭
The landscape of memecoins is constantly evolving, with platforms like “makenowmeme” playing a pivotal role in their creation and dissemination. As the memecoin market expands, traders and enthusiasts alike can anticipate further innovations and growth opportunities within this dynamic sector.
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