Mmastodon BusinessCrypto first seen 1 d ago, last 1 d ago, peak #10
Meme coin surges to $4M on Elon post, then halves
Original: A meme coin hit $4M off an Elon post, then halved. Are the trenches dead? #Memecoins #Solana #Crypto #ANAKIN
A Solana-based meme coin called ANAKIN briefly reached a $4 million market cap after Elon Musk posted about it, only to lose roughly half its value soon after. Crypto traders are debating whether the episode signals that memecoin trading — the so-called 'trenches' — has lost its momentum, with quick pump-and-dump cycles replacing sustained gains.
Why now: Elon Musk's post triggered a dramatic pump-and-halve, reviving debate about the health of the memecoin market.
Evidence
- A meme coin hit $4M off an Elon post, then halved. Are the trenches dead? #Memecoins #Solana #Crypto #ANAKIN · decrypt.co@bsky.brid.gy
API: https://socialmediatrends-api.osmike.com/v1/trends/4707430