Elon Musk’s X Restores MakeNowMeme’s Account After Brief Suspension
- MakeNowMeme’s X account is back online.
- The account was suspended on Friday.
- The team behind the account has yet to enable its full functionality.
Elon Musk’s social media platform X has restored the MakeNowMeme account after suspending it early Friday for allegedly violating its rules.
MakeNowMeme is the latest project to tap into the ongoing memecoin craze by allowing users to create and launch Solana -based memecoins by posting a tweet on X. The post only needs to include a ticker symbol next to the token’s name, the coin’s description, and a tag mentioning the platform’s X account.
MakeNowMeme X Account Is Back Online
MakeNowMeme’s team shared an alert on August 2 confirming that the project’s X account was back online after a “brief suspension.” However, the team noted that its “tweet to mint” function would be unavailable until later.
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The team has assured users that they can still mint and trade tokens on its website, which promised to deposit and burn a token’s liquidity on Raydium when “enough” people buy on the bonding curve. This is the same mechanism employed by the Solana memecoin generator pump.fun.
Per MakeNowMeme’s website, at least three tokens on the platform have a market capitalization of over $150,000. This includes two memecoins sharing the name “Dogs”, and a token captioned “WTF.”
Nansen CEO Alex Svanevik was among the first cohort of users to capitalize on the platform, launching a memecoin called IQ on July 31. Dexscreener data shows that IQ’s market cap quickly tumbled to around $300,000 after reaching over $9 million.
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Svanevik said he was “testing some tech a friend built,” and urged users not to “ape” the memecoin.
Stay updated on the risks of short-selling Solana memecoins:
Short Selling Solana Meme Coins Can Wipe You Out: Here Are The Risks
Read about Hashkey OTC’s recent win in Singapore:
HashKey OTC Secures Singapore’s Major Payment Institution License
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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