The word Drama doesn’t do justice to the new platform MakeNowMeme, and its related tokens. CTO and IQ dumps as the site is unresponsive and the X page gets suspended!
It was all good and fun as Raydium launched their token CTO through MakeNow.Meme yesterday. Since then, it has all gone downhill as the story unfolds.
Don’t forget to read our article from yesterday before diving into today’s news about MakeNow.Meme. You can read it here.
MakeNowMeme X suspends as they become laughing stock of investors
Well that narrative faded quickly huh? pic.twitter.com/XMZ4MRwBEv
— VikingXBT (@VikingXBT) August 2, 2024
It all started with the X profile of the platform getting suspended to much fun of users of the platform. There is yet to come any word out on why the platform get suspended, it could be due to mass reporting as it’s seen earlier.
As MakeNowMeme got suspended, it was quickly visible on platforms such as CTO charts. The token later rebounded and is looking quite good. It certainly didn’t help the adoption of MakeNowMeme at all.
EXPLORE: 15 Best No KYC Crypto Exchanges for 2024
CTO and IQ will they survive?
As mentioned earlier, CTO is looking quite good as it has been recovering post-suspension of the MakeNowMeme X profile.
Interestingly, the second the X profile was unsuspended and back online, the bottom was in, and the token is now back up over 200%.
Volume has also seen a visible uptick in the past hours, making a possible bottom more likely.
However, as for IQ, the picture is gloomy.
(IQUSDT)
All volume has evaporated and it is currently only around $600k market cap. It looks like a huge community effort will be required to revive it.
Which is actually one of the funny things about MakeNowMeme. The airdrop for people using the platform and holding tokens will be made proportionally to the market cap of the token.
Meaning that holding a token that bounded through MakeNowMeme at $100k market cap and $100 million market cap will yield significantly different sized airdrop, and we can expect a lot of pump and dumping to happen.
DISCOVER: Next 1000x Crypto – 18 Coins That Could 1000x in 2024
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
