Nansen CEO’s Memecoin Token $IQ Hits $6M Market Cap in 24 Hours – How MakeNowMeme and Pump.Fun Enable Quick Profits and Rug Pulls
Alex Svanevik, CEO of Nansen, launched a Solana memecoin named IQ, which soared to a $6 million market cap before falling to around $1 million. The ease of creating memecoins through platforms like MakeNowMeme and Pump.Fun has led to many scams, emphasising the need for cautious investment.
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