Memecoins
Degens Can Now Create Memecoins From Tweets
In four steps, users can launch their memecoins on makenow.meme.
Degenerates of the world, unite, for there is now an even easier way to create Memecoins.
Makenow.meme allows users to create their own memecoins directly from Twitter, for free, in four steps. To create a new token, users must begin their tweets with a $ sign and the name of the ticker, followed by the token’s description. Then, users must tag the makenowmeme account at the end of their tweet and attach an image or video.
Screenshot of the Makenow.meme website
Some already are. experiment. Alex Svanevik, CEO of Nansen Research, tested the platform, with the ticker $IQ. Although he warned people not to “monkey this thing”, the token is up 8,000% to $0.006.
Memecoins Solana
The tokens are being launched on Solana, where most memecoin activity has occurred over the past six months. Similar to the best place to create memecoins, Pump.fun, makenow.meme uses a bonding curve, in which when a token reaches a specific market cap, it is burned on the decentralized exchange Raydium. Traders can then buy and sell it on the open market.
The popularity of memecoins is such that yesterday Pump.fun published the The highest The platform generated gross daily revenue from all of DeFi, even surpassing Ethereum. The platform took in $867,000, compared to Ethereum’s $844,000.
Solana-based memecoins are booming in 2024 and have been the undeniable meta of this cycle. Celebrities like Iggy Azalea created their own tokens, as did Caitlin Jennerand a plethora of politically-themed memecoins satirically referencing AssetBiden and other public figures have surfaced.
The website’s disclaimer warns buyers: “Coins are highly volatile and can go to zero. Never invest more than you can afford to lose, never expect a financial return. For fun only, highly speculative.”
For some, launching memecoins on Twitter is going a bit too far.
“Higher generational signal on “memes”, wrote the 5G pseudonym. “Tokenizing any meme doesn’t work, most are destined for zero – cult communities, aura, traditions and autistic teams that can weather any storm will take their meme to billions. Anything else is just pure pvp casino.”